What is an issuer?
The issuer is the card-issuing bank that offers the credit card to the customer.
What is an acquirer?
An acquirer enables the merchant to support credit cards as a payment method and process the payment reliably.
The acquirer also acts as a merchant bank, controlling the flow of funds between the customer and the merchant.
What is a payment service provider?
A payment service provider (PSP) acts as a technical link between the web shops (merchants) on the one hand and the financial institutions (acquirers) on the other.
The PSP handles the technical aspects of its merchants’ payments, maintaining connections to various payment-method providers and a variety of shop systems.
As a payment service provider, Datatrans is not involved in the actual flow of funds between the customer (cardholder) and the merchant.