PSP (Payment Service Provider)
Definition
A licensed payments company that processes deposits and withdrawals between players and operators. The B2B layer in the payments stack.
Why it matters
Related terms
- CashierPayments
The payments module inside an operator's product where players deposit and withdraw. Integrated with multiple PSPs and local payment methods.
- Payment OrchestrationPayments
A layer that routes transactions across multiple PSPs to optimize success rates, costs, and compliance signals. A standard tool for scaled operators.
- Payment RailsPayments
The underlying networks (card, ACH, faster payments, crypto, e-wallets) that move money. The choice of rails shapes deposit flow, latency, cost, and chargeback exposure.
- ChargebackPayments
A reversal of a card transaction initiated by the cardholder's bank. A significant cost and fraud signal for operators, monitored closely by acquirers.
- Open BankingPayments
A regulatory framework requiring banks to provide standardized API access to account data and payment initiation. Used in iGaming for KYC verification (income/affordability data) and instant deposit/withdrawal.