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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 White-Label Payment Gateway?

Ikajo

In this article, we will comprehensively explore what is a white-label payment gateway, unravel its functionalities, advantages, and the dual impact it holds, benefitting both payment service providers and merchants worldwide. What is a payment gateway? The use of white-label payment gateways is widespread.

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

Stax

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. Such a business will require a provider that supports international transactions.

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How to Accept Online Payments for Free in 2024

Payment Savvy

Accepting online payments without incurring fees may sound appealing, but it’s not feasible. Processing online payments involves costs, whether they’re fees to credit card companies, processing networks, or payment service providers. Robust Security Measures Security is paramount in online transactions.

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How to start a payment processing company?

Ikajo

They play a vital role in facilitating various payment methods, such as credit or debit card transactions, digital wallet transfers, mobile payments, and electronic bank transfers. As a payment business dealing with card transactions processing, you’re subject to PCI DSS certification.

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