PSPPayment Service Provider
A person or organization providing services that enable payments or transfers of value.
What does it mean?
English expansion: Payment Service Provider
A person or organization providing services that enable payments or transfers of value.
How is this concept used?
A PSP provides payment services, such as processing a customer’s payment to a merchant. Its role should be understood within the actual payment chain: who initiates the payment, who processes it and who ultimately receives it. Rules and licensing depend on the service and jurisdiction.
Documented examples
Documented example
Stripe: a hosted checkout page
Stripe’s Checkout documentation describes a payment page hosted by Stripe. A merchant can redirect customers there to enter payment details.
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Documented example
Adyen: payment processing for merchants
Adyen’s online-payments guide describes processing cards, wallets and local payment methods. Merchants connect this service to their website or app.
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Connection to a wallet report
An address associated with a payment intermediary is not necessarily the merchant or final recipient. Read transaction direction and intermediary roles rather than assuming common ownership.
A common misconception
The payment processor and the final beneficiary may be different entities.
Related reading
Put the explanation in context
When you need a wallet report, open the application and follow its normal account and scan process.
Open AML4Tracker