Payment Bureau

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Payment Bureau is the easiest option to take online payments. Such payment bureaus collect and process the card details on behalf of your company. With this option, there is no need to set up a separate Payment Service Provider (PSP).However, there are certain disadvantages of this option. For instance, you may end up paying higher commissions on per transaction basis. Some payment bureaus may hold the cash for up to a month to prevent fraud.For those who have recently entered the e-commerce field, however, a payment bureau’s services tend to be cheaper and better.