Nov 27, 2015
According to Wikipedia, a Payment Service Provider (PSP) offers retailers online services for accepting electronic payments by a variety of payment methods including credit/debit cards, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.This makes the merchant less dependent on financial institutions and free from the task of establishing these connections directly and rather focus on his business. A good payment gateway enables online money transactions in a safe and easy manner.