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Your site says that EDynamica Pay is an IPSP, but what is an IPSP?

April 26, 2017edynamica ipsp pay site

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Your site says that EDynamica Pay is an IPSP, but what is an IPSP?

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IPSP stands for Internet Payment Service Provider. An IPSP is a company that enters into an agreement with a bank and is approved by Visa to process and settle transactions on behalf of online merchants. EDynamica Pay is an IPSP and Visa calls EDynamica Pay’s clients Sponsored Merchants.