Payment service providers offer essential services to businesses that want to accept online payments. They enable electronic payments from credit cards, debit cards, and bank transfers. PSP’s make it easy to take payments through a single channel that manages the whole transaction, from start to finish.
PSP’s give merchants excellent value and saves them money with lower fees compared to merchants processing many individual payments themselves. Many payment service providers accept multiple currencies and offer security with PCI DSS compliance.
There are numerous PSP’s for merchants to consider with different advantages. The UK’s top five include:
Paypal is the most well-known PSP and popular with new businesses. Benefits include:
Stripe is for developers and businesses looking for advanced eCommerce and mobile commerce tools. Benefits include:
Square is a mobile card reader solution. Benefits include:
Shopify allows businesses to accept online and offline payments (Shopify POS). Benefits include:
Recognised by UK households for prepaying utilities, PayPoint also offers payment services for businesses. Benefits include:
PaymentHelp is a highly-effective chargeback management software that helps merchants reduce chargeback requests by up to 63% and reduce chargeback costs by up to 35%. PaymentHelp is a defensive tool that will minimise chargeback costs through unique chargeback prevention methods that interrupting consumer behaviour at the exact point at which they would file a chargeback request.
Integrate with PaymentHelp to enable your clients to mitigate payment dispute risk, improve end user experience and reduce costs in your value chain. Your merchants will be able to manage payment disputes in real time, with no impact to existing resource and pre-empt customer behaviour that could lead to chargebacks.
Become a partner today or contact us to find out more about how we can protect your reputation & lower the risk to your merchants.