What is the payment service provider?
The Payment Service Provider (PSP) is a company that helps online traders, traders and other enterprises in electronic transactions that make it easier and more comfortable. Online banking may include online bank transfers between accounts and direct debit that can be automated if the account holder wishes. Many PSPs offer services such as electronic, e-controls and prepaid cards. PSP is also in cooperation with the acquisition of banks that allow transactions through credit and debit cards. Businesses that use PSPs forward the latter liability in cooperation with banks maintain transfers constantly operating and supply the selection for payment. In this way, businesses have less financial responsibility for both banks and customers. They can also eliminate the battle of the technical aspects of e-tranaka, especially for sellers and owners who are not “techniques”. Bank account information, personal data and cash transactions go through these providers soSafety and theft violations are not rare. In the US, the network for recovering financial crimes oversees the negotiations of payment services providers at the national level. Most, if not all, PSP and online businesses create a personal data protection principle to inform customers how to get information, use, use and store safely.
Some payment services providers already have a fraud prevention system for further protection. For example, if the purchase of an unusually huge amount for only one product is required, the payment service provider may warn the company's owner against creating any negotiations. Other PSPs provide additional SRY financial services as they change and conversions more. Another currency, as soon as it is done, can be automatically converted to the local currency where the company is located.
Other features provided through a payment service provider include a toolfor reporting. Once the order is required, the PSP immediately sends a message to the company owner, usually by e -mail or other means. Some entrepreneurs are also looking for other features such as simple interfaces for easier access to the company owner and the shorter cash register process for trouble -free purchase of the customer. The payment service provider usually charges its clients for a transaction using a percentage or fixed costs.