Remove Payment Gateways Remove Payment Service Provider (PSP) Remove Regulations
article thumbnail

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

Stax

The payment gateway connection will be responsible for transmitting your customer’s payment information between your own customer-facing platforms and your PSP and other relevant financial institutions. Basically, the difference between payment gateways and PSPs is the extent of tasks they complete.

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

Thats why you need an eCommerce payment solution to ensure the ducks feet paddle calmly under the water and steer it in the right direction. This ultimate guide will teach you everything you need to know about eCommerce payment solutions. The eCommerce payment solution infrastructure involves several key players.

article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

TL;DR Credit card payment processing encompasses the series of activities that enable your small business to accept credit card payments from customers and facilitate the transfers of relevant funds from the buyer’s bank account to your business account. A payment gateway or an eCommerce CMS like Shopify will suffice for you.

article thumbnail

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

Segpay

There seems to be a lot of misunderstanding about the differences between a Payment Gateway, a Payment Processor and a Payment Service Provider (PSP). In the fast-paced world of e-commerce, web merchants navigate a complex landscape of payment solutions. What is a Payment Gateway?

article thumbnail

What is a White-Label Payment Gateway?

Ikajo

Among these, white-label payment gateways have emerged as a game-changer, offering a customizable cutting-edge approach to payments. What is a payment gateway? To get to the bottom of the white-label payment gateway, let’s first take a moment to explore what a payment gateway is.

article thumbnail

Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

. “The legacy payment industry is ripe to be disrupted using blockchain technology and stablecoins to provide more efficient and cheaper cross-border payment networks,” RD Technologies CEO Rita Liu said. “Hong Kong is leading the world in virtual asset regulation.

article thumbnail

AI Merchant Payment Processing: The Battle for a Secure Processor

Segpay

Yet, for all its transformative potential, AI companies struggle to partner with a secure payment service provider (PSP), because of regulatory concerns surrounding emerging technologies. Payment processors, PSPs, acquiring banks and payment gateways operate under strict regulations.