Payment Service Provider (PSP)
A PSP (Payment Service Provider) is a payment provider that offers Comerciantes the technical infrastructure and contracts for accepting electronic payments from a single source.
PSP (Payment Service Provider)
A Payment Service Provider (PSP), also known as a payment service provider, provides Comerciantes with the entire infrastructure for accepting electronic payments: Payment Gateway, Acquiring, payment processing, payouts, and often fraud management — all from a single source.
For Comerciantes, a PSP considerably simplifies entry into electronic payment transactions: Instead of concluding separate contracts with acquirers, card networks, and individual payment providers (TWINT, PostFinance, Klarna), a single contract with the PSP is sufficient.
In Switzerland, Payrexx, Datatrans, Worldline (Saferpay), Stripe, and Mollie, among others, are active as PSPs. The differences lie in the pricing strategy (Blended vs. IC++), the range of functions (no-code tools, API depth, POS support), and the coverage of local payment methods.
PSP Examples
A Swiss SME signs a contract with a PSP and can immediately accept Visa, Mastercard, TWINT and PostFinance — without separate contracts.
A PSP provides a WooCommerce plugin that the Comerciante installs in 15 minutes — the checkout is live immediately.
A marketplace uses a PSP's platform API to onboard sub-Comerciantes and split payments automatically.
PSP FAQ
What is a PSP (Payment Service Provider)?
A PSP is a payment provider that provides comerciantes with a payment gateway, acquiring, payment processing, and payouts from a single source. A single contract is sufficient to accept all popular payment methods.
Do I as a Comerciante need a PSP?
Yes, if you want to accept electronic payments. Without a PSP, you would have to enter into separate contracts with acquirers, card networks, and local payment providers — this is complex and expensive.
Which PSPs exist in Switzerland?
The best-known PSPs in Switzerland include Payrexx, Datatrans, Worldline (Saferpay), Stripe, Mollie and PostFinance Checkout. The differences lie in pricing, range of functions and local payment method coverage.
What is the difference between a PSP and an acquirer?
An acquirer only processes the acquiring of card payments. A PSP additionally offers the payment gateway, additional payment methods, payouts and often also tools such as payment links, plugins and dashboards.
