Online merchants are required to choose a licensed payment solution service to process the payments from their online stores. A payment solution service (PSP) is essentially a third party that facilitates online payments by combining various methods such as credit card, direct transfer, and online bank transfer. Payment solution companies help merchants mainstream their payment methods by removing their dependence on financial institutions to manage their transactions.
Credorax Bank Ltd, founded in 2007, has been at the forefront of payment solution services since its creation. Essentially, Credorax Bank Ltd connects a business (or a business' clients) to acquiring banks and removes the need for multiple payment management systems. An acquiring bank processes credit card and debit card transactions and is a necessity for merchants that want to accept credit cards in their online shops. Our bespoke payment solution services provides mediation between a merchant and a licensed acquiring bank and ultimately Read More