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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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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Thats why you need an eCommerce payment solution to ensure the ducks feet paddle calmly under the water and steer it in the right direction. This ultimate guide will teach you everything you need to know about eCommerce payment solutions. The eCommerce payment solution infrastructure involves several key players.

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

Stax

TL;DR Credit card payment processing encompasses the series of activities that enable your small business to accept credit card payments from customers and facilitate the transfers of relevant funds from the buyer’s bank account to your business account. A payment gateway or an eCommerce CMS like Shopify will suffice for you.

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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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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 […]

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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.