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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

PSPs offer joint merchant accounts and flat-rate processing fees that make them ideal solutions for small businesses that only process payments occasionally. The provider must follow all industry security best practices including top-level encryption protocols and access controls.

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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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Bridging Digital Advertising and Payments: Aleph Reveals Key to Ensuring Seasonal Spending Success

The Fintech Times

In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

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 payment service provider (PSP).

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Payment Gateway, Processor & PSP: 3 Essential Payment Terms Every Business Should Know

Segpay

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.

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Affiliate Marketing and Secure Payments

Segpay

What is the Role of a Payment Service Provider (PSP) In affiliate marketing, PSPs play a crucial role as they process the financial transactions between the various parties involved in the affiliate marketing ecosystem.