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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do payment service providers work and how can you choose the right one for your business?

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Computop Supports Wero Acquirers in Payment Processing

Fintech Finance

Computop , the leading German payment service provider, known for connecting large retail companies to international payment methods, is entering a new business area with payment processing for acquirers. This process is known as acquiring processing, and it is already used for credit card payments.

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PXP Financial Becomes a Google Pay Payment Service Provider

Fintech Finance

PXP Financial , the experts in payments, acquiring, fraud and data analysis services, today announces it has become a GooglePay Payment Service Provider (PSP). PXP Financial provides a single unified payments platform to accept payments online, on mobile and at the point of sale.

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So you’re a high-risk merchant, now what?

Basis Theory

The card networks and payment gateways designate high-risk merchants as less safe than their normal clientele because of evidence like high chargeback rates (above 1%) or guilt by association—being in an industry associated with risk, like gambling, cannabis, and, surprisingly, e-commerce.

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Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Fintech Finance

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.

Visa 93
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PXP Financial becomes a Google Pay Payment Service Provider

The Paypers

UK-based expert in payments, acquiring, fraud and data analysis services PXP Financial has announced it has become a Google Pay Payment Service Provider (PSP).

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Computop Appoints Kenneth M. Overgaard-Nielsen to the Management Board

Fintech Finance

Overgaard-Nielsen joins the management team of the German payment service provider (PSP) Computop as Chief Operation Officer (COO). Overgaard-Nielsen is joining from Nexi Group to the leading PSP in German online retail. As of 2nd September, Kenneth M.