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The best provider for you will be one that supports multiple currencies and lets you process transactions in the preferred local currency of your customers. The role of the PSP is to process the verification and approval of the payment after accepting the transaction initiation request from the payment gateway.
A paymentserviceprovider (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 provideservices for offline sales as well.
According to internal data from EBANX , a global PaymentServiceProvider (PSP) that has already processed transactions for nearly 70% of Brazil’s credit cardholders, fintech companies and digital players now account for 41% of the total value transacted through credit cards for online purchases in Brazil.
Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies, according to new data revealed by EBANX , the global paymentserviceprovider (PSP). The technology lowers fraud-related declines and enhances the overall quality of transactions.
Some offer hands-off support from the payment gateway provider while others require regular maintenance and support. That said, lets dive into the different types of eCommerce payment solutions: Hosted payment gateways Hosted payment gateways are provided by a paymentserviceprovider (PSP).
Last January, Segpay proudly announced that it has launched its new gateway payment platform: The Segpay Gateway can handle high volumes of merchant transactions in multiple currencies, keeping all data safe with the latest data security standards. Key Functions of a Payment Gateway: Encrypts and securely transmits payment data.
This is why it’s so important to go for a paymentservicesprovider (PSP) that offers robust credit card fraud prevention services to protect you from fraudulent chargebacks and help you better generate evidence to protect your business during chargeback disputes.
A payment gateway is a technology that facilitates a secure and seamless transfer of payment information between all parties involved in transaction processing. Acting as a virtual bridge, it encrypts sensitive data, such as credit card details, and ensures its secure transmission for authorization and processing.
She noted that paymentserviceprovider (PSP) support for SRC is critical, and will allow even smaller and independent merchants to have the same online checkout experience as their larger brethren. SRC creates an encrypted token that in fact outlives the card numbers.
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