WHAT IS A PSP
PSP stands for Payment Service Provider.
It is a company that provides payment processing services to merchants, allowing them to accept electronic payments through various payment methods, such as credit cards, debit cards, bank transfers, e-wallets, and mobile payments.
PSPs act as intermediaries between the merchant and the payment networks and banks, processing transactions securely and efficiently. They offer a range of services, including payment gateway integration, fraud detection and prevention, transaction reporting, and chargeback management.
PSPs are essential for online businesses, including iGaming operators, to facilitate smooth and secure payment transactions for their customers.