What are payment service providers?

We hear of such services but what are they and how do they work?

Payment service providers such as HowToPay connect merchants to the broader financial system so they can accept credit and debit card payments from customers. Payment service providers connect merchants, consumers, card brand networks and financial institutions.

Payment service providers bring all financial parties together to deliver a simple payment experience for merchants and their customers by processing payments quickly and efficiently. Invisible to most but essential to all, payment service providers make modern commerce possible.

One of the new up and coming providers is HowToPay

HowToPay provides reliable, easy to use, and secure payment and billing solutions. That assists merchants to identify clients for before connecting them to localized payment and billing solutions. HowToPay has been assisting Small Businesses to access Secure online and offline payments, billing, and invoicing solutions since 2002 in partnership with several Banks allowing more than 50 local payment solutions around the world.

Some payment service providers offer just the basics, HowToPay however has a comprehensive range of solutions to assist in getting you back to what you do best: running your successful business