Remove Credit Risk Remove Processing Costs Remove SWIFT
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What is a Payment Service Provider (PSP) and How Do They Work?

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PSPs share the credit costs for fraudulent transactions and chargebacks , which is why their platforms tend to come with advanced features for detecting and preventing fraudulent transactions. Credit risks created by fraudulent activities are also the reason why most PSPs prohibit high-risk merchants from their platforms.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

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These fees are charged whenever a credit card or debit card transaction is made, whether they checkout in-person, online or through digital payment. The basis for these fees is the credit risk that these financial institutions take on when handling credit card transactions. per transaction.