Is MasterCard a payment service provider?

Is MasterCard a payment service provider?

Card brand networks act as the intermediary between payment service provider and an issuing bank. There are two primary types of card networks: credit card associations that include Visa, Mastercard, Discover and American Express; and PIN-less debit card networks such as NYCE, Interlink and Cirrus.

How do I choose a payment processor?

When choosing your payment processor, it's nice to pick one that has a simple setup process that requires that you have very little technical know-how. Around-the-clock support from a real person should be included. Look for a provider that offers support for any problems related to your sales transactions.

Are banks payment service providers?

A payment service provider (PSP) offers shops online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.