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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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What Is A Payment Service Provider (PSP)?

Nanonets

​A payment service provider (PSP) is a company that provides online payments for e-commerce, similar to a credit card processor in a brick-and-mortar store. PSPs are usually used by merchants who sell online, although some may also provide services for offline sales as well.

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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 110
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MyFatoorah partners Mastercard on Middle East digital payment gateway platform

Finextra

MyFatoorah, a leading payments platform and the only payment service provider (PSP) licensed in all GCC countries offering payment solutions across the Middle East, has announced its strategic collaboration with Mastercard to introduce new digital payment gateway platform, powered by Mastercard Gateway.

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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. Return to Top

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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). In addition, about 800,000 websites use it as their secure payment gateway, and about 20% of all mobile purchases are made with Google Pay.

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Maximizing Global Growth: The Advantages of Multiple Payment Gateway Partnerships

Chargebee

You’ve finally found a Payment Service Provider (PSP) that works well for your business. This article will explain six key benefits of using multiple payment gateways for your business. Here’s how partnering with multiple payment gateways can strengthen your […]