Payment Service Providers (PSP) Archives | Starting Business

What is PSP Software

Payment service providers (PSP) are institutions that enable companies to accept and process online payment transactions. PSP software is necessary specialized software that allows PSPs to operate as a payment service entity. This software allows merchants to receive information and data into particular accounts…

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What is a PSP license

Companies that wish to offer merchants the opportunity to provide online payments solutions to their customers, must obtain a payment service provider (PSP) license. The procedure of obtaining this license is relatively complex as it has stringent rules that the applicants must fulfill…

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What is a PSP

A payment service provider, commonly referred to as PSP, is an institution that allows companies to process online payment transactions. The primary purpose of PSP is to facilitate the business entity in processing online payments by debit and credit cards, as well as…

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How to become an ACH payment provider

Automated Clearing House, also referred to as ACH, is a method by which merchants are able to obtain payment transactions from customers directly from their bank account without the processing of a paper cheque. In order to become an ACH provider, individuals or companies need to complete a number…

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