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Today, e-commerce companies can hardly avoid using one or more Payment Service Providers. More than half of online shoppers rely on e-wallet solutions, mobile payment systems, or credit card payments when shopping online. To process these, online merchants need a Payment Service Provider.
What is a Payment Service Provider?
Payment Service Providers connect e-commerce companies to various payment service providers, including credit card acquirers or PayPal. In addition to technical integration, PSPs often handle transaction processing, contract negotiation with payment methods, and payouts. Many Payment Service Providers also offer additional services such as receivables management, subscription management, or debt collection.
It can sometimes be difficult to navigate the "payment jungle" or find the optimal provider. Paylobby aims to help here. In just a few minutes, you get an overview of all relevant providers and a free, non-binding offer.
