PSP (Payment Service Provider)

Payment Service Provider (PSP) is a third-party company that allows businesses and individuals to accept payments from their customers. PSPs are intermediaries in transactions between two parties, for instance, consumers and retailers. The most famous examples of Payment Service Providers are PayPal and Stripe.



Share this article on

Latest Articles

7 minutes

What Is Virtual Sports Betting and How Does It Work
The regulatory status of virtual sports betting depends entirely on whether a local government looks at the visual format, a.k.a the "sports wrapper" or the underlying technology (the RNG factor).
What Is Virtual Sports Betting and How Does It Work image
Hweiching Lim photo
Hweiching Lim Lead Consulting Manager
5 minutes

Racino, Explained
A racino runs on two separate licenses under one roof, and most of the confusion about what a racino actually is comes from ignoring that split. 
Racino, Explained image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison