Full Service Provider (FSP)

A Full-Service Provider (FSP) refers to a company that offers an all-encompassing suite of payment-related services to businesses. These services can range from the essentials to additional value-added services, and include the following:

The prime advantage of partnering with a full-service provider is the consolidation of various payment needs under one roof. This means businesses can manage all their payment processes, from the point of sale to the deposit of funds into their bank account, through a single entity.

This centralization not only simplifies operations but can also lead to cost efficiencies, better oversight, and more streamlined troubleshooting. An FSP may also offer customized solutions tailored to a business’s specific needs, industry, and scale, providing flexibility and scalability for growing businesses.