Partnerships between PSPs and card acquirers can benefit the payment landscape by creating better, more convenient, and secure payment solutions for merchants. Want to know how? We created a comprehensive case study with our trusted partner CatalystPay to highlight the key benefits of such a strategic partnership.
PAYSTRAX – Card acquirer
As a card acquirer, PAYSTRAX processes credit and debit card transactions for merchants in a variety of industries. We handle the authorisation, settlement and funding of transactions, ensuring that payments are securely transferred from the card issuer to the merchant’s account. In addition, the card acquirer manages risk and compliance, preventing fraud and ensuring regulatory compliance, while providing support and reporting services to merchants.
CatalysPay – PSP
Payment Service Provider (PSP) CatalystPay has adopted a multi-acquirer strategy to offer customers flexible solutions that address all their payment acceptance needs. They emphasize personalized customer service, tailoring their approach to meet the unique requirements of each merchant. By unifying various payment solutions in one platform, CatalysPay ensures that merchants receive the best possible experience, streamlining their payment processes and enhancing overall efficiency.
The synergy between card acquirer and PSP
Working with trusted partners is the goal of every company. By combining the services of a card acquirer and a Payment Service Provider (PSP), merchants can achieve the best possible outcomes for their payment processing needs. The card acquirer ensures that transactions are authorized, processed, and settled efficiently, providing a secure transfer of funds from the customer’s bank to the merchant’s account. On the other hand, the PSP offers a comprehensive suite of payment solutions tailored to meet the specific needs of the merchant.
This collaboration enhances the overall payment experience, allowing merchants to focus on their core business operations while enjoying seamless, secure, and efficient payment processing. The PSP’s deep understanding of customer needs, combined with the card acquirer’s robust infrastructure, creates a powerful synergy that drives higher conversion rates, reduces payment-related issues, and ultimately leads to increased customer satisfaction and loyalty. By leveraging the strengths of both partners, merchants can streamline their payment processes, reduce costs, and scale their businesses more effectively.
Check out case study with CatalystPay to find out how our partnerships works!
To see more innovative solutions that we adapted over time check out other case studies here.
