What is an IPSP?
Visa has created a new category of service provider, under which CCBill now falls, that is considered to be a “High Risk” Internet Payment Service Provider or IPSP. An IPSP is an online entity that enters into a contract with an Acquirer (Merchant Bank) to shoulder financial responsibility and liability for “high risk” merchant accounts, by which registered sponsored merchants (website owners) are allowed to process and settle Internet transactions.
