Fintech
Payment service provider
A company that processes payments for businesses, handling cards, wallets and bank payments, such as Stripe or Adyen. Often shortened to PSP.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
Our PSP charges 1.5 per cent plus 20p per transaction.
Also called PSP.
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