What is ipsp?

An IPSP (Internet Payment Service Provider) is a company or third-party service provider that facilitates online transactions and enables merchants to accept digital payments. IPSPs offer payment gateway services to online businesses, allowing them to securely process credit card, debit card, and other online payment methods from customers.

IPSPs typically charge fees for their services, either on a per-transaction basis or through monthly subscriptions. They may also offer additional services such as fraud prevention and risk management tools to help merchants reduce the risk of fraudulent transactions.

Examples of popular IPSPs include PayPal, Stripe, and Skrill, all of which provide merchants with a range of payment processing services and support for different currencies and payment methods. Many IPSPs also offer integration with popular e-commerce and shopping cart platforms, making it easier for merchants to set up and manage their online payment systems.