Payment Service Provider (PSP)

What is a payment service provider (PSP)?

A PSP (Payment Service Provider) is a company that enables online payments by acting as an intermediary between the bank and the online business. It facilitates the payment methods customers use to complete their transactions.

Benefits of payment service providers for your ecommerce

Beyond allowing your business to accept any card or bank payment, having a PSP like PaynoPain offers many additional advantages:

• Multiple payment methods: As a PSP, we provide the most popular payment methods so you can offer an ideal checkout experience: mobile payments like Bizum, wallet payments such as Apple Pay or Google Pay, Buy Now, Pay Later systems, and many more.
• Currency management: You can process payments in multiple currencies through our DCC (Dynamic Currency Conversion). This is the first step toward internationalizing your business.
• Dashboard with full transaction control: You can manage all your business operations, perform advanced searches, or charge customers in real time. This makes tracking your sales easier and allows you to manage all your stores from any device and any location.
• Enhanced security: We are certified under PCI DSS, one of the highest security standards in the industry. We also have our own fraud-prevention system to minimize risk in any online business.

Looking for a payment service provider?

If you’re looking for a PSP, PaynoPain can help. We’re a fintech company with more than 15 years of experience in the payments sector, offering solutions for all types of businesses—from SMEs to large multinationals. We have extensive experience in multiple industries, from ecommerce to tourism, hospitality and financial services. You can find more information here.