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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 (PSPs) to enable online payments safely and securely. Here’s the A-Z of PSPs.
A payment service provider 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 go beyond the basics to answer the following questions:
What is a payment service provider?
What do PSPs do?
How do payments services providers fit into the transaction flow?
What’s the difference between a PSP and a merchant account provider?
Why do you need a PSP?