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What is a payment service provider?

payment Provider service
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What is a payment service provider?

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It is a company that the Oregon Department of Revenue has authorized to take credit card payments from taxpayers for certain kinds of taxes due, then forward them to the department. The IRS has used this process for several years. • I thought my tax information was confidential, but now a payment service provider is going to have access to it. The only information the payment service providers will receive will be what you give them. The payment service providers will protect your credit card and tax information. They will not forward your credit card information to us; they will only supply us with your payment. Each payment service provider can provide you with its privacy policy. The department will not provide any tax information to payment service providers. • Can I make the credit card payment using either my Social Security number or my spouse’s? No. You need to use the Social Security number of the person listed first on your Oregon income tax return (also known as the primary

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A Payment Service Provider (PSP) is a company such as DataCash who provide payment clearing services to merchants such as you. Instead of going direct to your bank and being tied to their systems and therefore charges, using a PSP can give you independence from your bank and give you choice in identifying the best deal for your business. We use DataCash exclusively and have negotiated great rates with them not available on the high street.

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Article 4(9) of the PSD provides that a payment service provider is any one of the bodies listed in Article 1(1) of the PSD or a body which has a waiver under Article 26 of the PSD.

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