Term
What is payment service provider? Meaning and explanation
A payment service provider such as Mollie, Stripe or PayPal processes online payments and pays out the money periodically, net of fees.
Definition
A payment service provider such as Mollie, Stripe or PayPal processes online payments and pays out the money periodically, net of fees.
Also known as: Betaalprovider, Payment service provider, PSP, Mollie, Stripe, PayPal
Because payouts are bundled and net, use a clearing account per provider and book fees separately. Connect brings Mollie, Stripe and PayPal payments into Autoboeker's flow and PayPal payments are matched.
Further reading
Related in the knowledge base.
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