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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 Costs of Payment Service Provider (PSP) Lock-In

Basis Theory

Vendor lock-in describes a situation where a customer becomes entirely dependent on a specific vendor for products or services, and switching to another vendor becomes prohibitively difficult or expensive. What is Vendor Lock-in?

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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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Crypto.com secures payment service provider licence in Bahrain

The Paypers

Crypto.com has obtained full authorisation from the Central Bank of Bahrain (CBB) to offer payment service provider (PSP) services through its local subsidiary.

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PXP Financial Becomes a Google Pay Payment Service Provider

Fintech Finance

PXP Financial , the experts in payments, acquiring, fraud and data analysis services, today announces it has become a GooglePay Payment Service Provider (PSP). Powered by inhouse global acquiring, 120+ alternative payment methods & financial services, PXP processes over EUR 22.7

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PXP Financial becomes a Google Pay Payment Service Provider

The Paypers

UK-based expert in payments, acquiring, fraud and data analysis services PXP Financial has announced it has become a Google Pay Payment Service Provider (PSP).

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Authorization Rates: What to Know When Migrating PSPs

Basis Theory

Upon completing the migration to a new payment service provider (PSP), payment professionals often let out a sigh of relief. The 6-month (or longer) process of migrating all the data, flows, and processes to a new PSP finally ends with green checkmarks and live checkout flow.