A payment intermediary is an entity that can be used to accept payments between businesses and individuals.
In this way, it provides a means of payment between the business and the individual, enabling them to settle disputes over payment terms.
The payments intermediary is not the same as a bank intermediary, as it’s not authorised to take deposits from the bank, but it can do the same for credit cards.
Here are some of the terms and conditions for an intermediary payment service provider: How to get started with an intermediary: It’s important to get in touch with the intermediary to set up a payment service.
If you’re not sure how to get set up, read our guide to setting up an intermediary for a simple payment.