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What is a payment service provider? And how do you choose the right one?
Businesses around the world rely on payment service providers to enable online payments safely and securely. Here’s the A-Z of PSPs.
A payment service provider (PSP) is essential for any business wanting to reach new and existing customers and offer them the payment methods they expect. But with so many options available, how do you know which one is right for you?
In this blog post, we’ll dive deeper into the role of a payment provider and answer the following questions:
What is a PSP?
What do PSPs do?
How do PSPs fit into the transaction flow?
What’s the difference between a PSP and a merchant account provider?
Why do you need a PSP?
How to choose a PSP?
Which PSP is considered the best?