Payment service providers

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Libby James
Merchant Services Expert

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.

What is a Payment Service Provider?

A Payment Services Provider, commonly referred to as PSP, is an alternative to a standard merchant account and payment gateway. A PSP will provide a full service with both the technical payment processing as well as money collection. In addition, the PSP is responsible for all the contracts with banks and card acquirers and for the settlement of the funds collected.

PSP’s integrate different electronic payment methods such as credit/debit cards, e-banking and e-wallets. Using a Payment Services Provider model means that they are not tied to one bank or payment network and are therefore able to integrate with several payment methods over just one platform – this works well for national and international payments.

Online payment service providers

Before looking at payment service provider comparison, let’s look at the benefits of choosing PSP over a standard merchant account and payment gateway;

Only one contractual relationship

The merchant only needs to establish a contractual relationship with the PSP to have access to different banks and payment methods.

Fraud prevention

Often PSP’s have their own fraud prevention resources. They are usually compatible with the integration of third party antifraud services too.

New payment methods can be added easily

Using a PSP payment service provider means that as your business changes or technology advances you can add alternative payment methods to your website with ease.

PCI compliance – covered

Choosing an established e payment service provider will save costs on PCI certification, as they will carry this out for you.


PSP processing has a reputation for being secure with credit control processes and other things meaning that the risk to loss of revenue due to fraud is reduced. Customer data is encrypted using secure socket layer encryption, prior to completing the transaction and funds reaching the merchant bank. Security is regulated by the European Central Bank.


How can Merchant Advice Service help?

Merchant Advice Service work with industry experts to provide advice to merchants searching for a PSP. We can assist with enquiries in the following areas;

National and international PSP

Payment service provider software

High risk PSP applications

Third party payment service providers

Portable PSP


Payment Services Provider vs Payment Gateway

We often get asked about the differences between Payment Service Providers and stand-alone payment gateways. The main difference is that the PSP hold the contracts with the banks and acquirers, whereas a payment gateway provider agrees contracts directly with you, the merchant.

Unlike payment gateways, PSP service providers offer a full service, not only processing payments but collecting funds as well. Understanding the differences between these two services is essential when choosing the best route for your e-commerce. Many merchants tend to prefer the full service provided by a PSP as it simplifies their businesses’ routines.

International Payment Services Providers

Merchant Advice Service advisors don’t just work with UK Payment Services Providers. We have access to international payment solution service providers, from Europe to China and Australia! Our experts can advise you on accepting multicurrency transactions through internet Payment Services Providers.


Payment gateway service provider in India

Finding the best Payment Services Provider for companies based in India can be a little more complex. Our experts deal with applications in tech support and computer based industries. They work alongside payment service providers that will service India. To start your enquiry, fill in the form below, we will be in touch.


Online bill payment service provider

At Merchant Advice Service, we work with industry experts to provide automated billing to businesses, taking the hassle out of monthly paperwork and invoicing. Speak to our advisors about bill payment service providers and how they can work for you.


Start your internet Payment Services Provider application today

Our advisors will help you to find a Payment Services Provider ideal for your business now and in the future. Discuss your requirements with us today. We provide an intermediary based access to Payment Services Providers.

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Libby James

Libby James Co-founded Merchant Advice Service alongside David Bird in 2016. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. This was soon to become Libby’s obsession!

With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with. Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service. As a result Libby has been featured in high-profile publications across the web.

Libby is proud to be the entrepreneur’s champion, supporting start-up businesses regularly. Her industry insights can often be found on LinkedIn where she provides free of charge advice and money saving pointers. It’s safe to say she has her finger on the pulse of everything card payments related.

Libby speaks of her experience in founding and running Merchant Advice Service…

‘Merchant Advice Service is one of my greatest achievements to date. We help business owners to overcome card processing issues which can become detrimental to their business. We assist SME’s in finding suitable card payments solutions, helping them create their vision. Each and every day is different, exciting and fore filling. As technology advances I can’t wait to see the way in which the merchant services market advances, and I’m pleased that our business will play a part in educating company owners along the way.’

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