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

Stax

Once the details are verified, the acquiring bank will authorize the transaction, which gives your PSP the greenlight to facilitate the transfer of the funds from your customer’s account to your business account. Also, your PSP can help with currency conversions for international transactions if you have a global customer base.

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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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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Some offer hands-off support from the payment gateway provider while others require regular maintenance and support. That said, lets dive into the different types of eCommerce payment solutions: Hosted payment gateways Hosted payment gateways are provided by a payment service provider (PSP).

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Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. Additionally, Worldline will provide a local support team with local expertise to assist BOCHK as it scales its operations in the future. .

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Nium Expands Cross-Border Payments Platform to Serve Global Marketplaces

Fintech Finance

Nium , the global leader in real-time cross-border payments, today announced the expansion of its platform to serve the multi-trillion-dollar global marketplace opportunity.

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Payment Gateway, Processor & PSP: 3 Essential Payment Terms Every Business Should Know

Segpay

Last January, Segpay proudly announced that it has launched its new gateway payment platform: The Segpay Gateway can handle high volumes of merchant transactions in multiple currencies, keeping all data safe with the latest data security standards. A payment processor is essential for businesses that handle card payments.