Remove Online Documents Remove Payment Service Provider (PSP) Remove PCI DSS
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What is a Payment Service Provider (PSP) and How Do They Work?

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Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCI DSS (Payment Card Industry Data Security Standard).

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Credit Card Processing for Small Business: Everything You Need to Know

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It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. Your merchant account can even be terminated if you get too many chargeback fees.

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