What is a Payment Service Provider (PSP) and How Do They Work?
Stax
AUGUST 29, 2024
Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. PSPs tend to unilaterally and spontaneously freeze accounts because of the nature of their business model.
88 
Let's personalize your content