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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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Bridging Digital Advertising and Payments: Aleph Reveals Key to Ensuring Seasonal Spending Success

The Fintech Times

In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.

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Deep Dive: How Payments Orchestration Can Drive ROI And Reduce Payments Processing Costs

PYMNTS

Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. Negotiating favorable terms can be a time-intensive undertaking, but it plays a major role in determining businesses’ payments processing costs.

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

Finovate

” Checkout.com launches Octopus in Hong Kong London-based Checkout.com is the first international payment services provider (PSP) to offer Octopus , the leading payment method in Hong Kong, as a payment option at checkout. With 98% penetration in a region with 7.5 The company has raised $1.8

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Omicron Media On Optimizing The Payments Process

PYMNTS

The trouble for businesses is that with this increase in digital transaction volumes comes the need to better manage payments processing. The absence of payments orchestration would require firms to expend more time and resources than most businesses’ finance departments could handle.

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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. Pros: Competitive rates and low transaction fees.