psd A .psd extension file is an image file created with the help of Adobe Photoshop. PSD is the default extension used for saving a Photoshop Image which can have either a single or multiple layers which can be worked individually even after having saved the file. The file can also be saved in other formats like .jpg, .tiff, .gif or other imaging formats but if a user wants to edit the individual layers later, it is necessary to save the .psd file without overwriting it while converting it to another format. Converting a .psd extension file into an image file in another format flattens the image so that it can be viewed as a regular image. The images created using this extension are of a very high resolution and the quality in terms of clarity is extremely good as compared to other commonly used image formats like .jpg, .png or .bmp.
eps The legacy EPS format or encapsulated postscript file format was developed as a document interchange format by Adobe systems in 1992 to facilitate cross platform importing and exporting of vector graphical documents between supporting applications and documents. The EPS file is commonly associated with Adobe illustrator and other applications that support the postscript language. The EPS format supports vector graphics, bitmap images, as well as text but is more commonly used for graphic representation. It is worth noting that EPS files exist as final-form representations allowing minimal editing once created. The exception to this is the support of a few transformation operation such as rotation, scaling, and clipping. An EPS file is usually produced to be included in other documents such as text documents.