The PSP will typically provide software to integrate with e-commerce websites or point of sale systems.
They fully manage payment processing and external network relationships, making the merchant less dependent on banking institutions.
[5] Each merchant remains responsible for his own actions and must accordingly ensure that the selected provider observes the guidelines, e.g. with regard to data protection.
[8] In 2010, the People's Bank of China issued administrative measures regarding online non-financial payment services.
[9]: 33 These measures retroactively recognized the legal status of online third-party payment platforms like Alipay.