Is Stripe a secure payment service

Which payment service providers are there?

Payment service providers integrate all the usual payment methods for a web shop into the website via an encrypted page.

As a rule, a web shop cannot set up a payment system for cashless payments itself. For this he needs an external provider: the payment service provider or "Payment Service Provider" (PSP). This is authorized to integrate payment methods such as Mastercard, Visa, PayPal, PostFinance or Twint into the online shop.

In addition to credit card payments, the PSP integrates all the usual payment methods for a web shop (direct debit, PayPal etc.) into the website. Specifically, this paid offer includes an adaptable user interface that is installed on the website. In addition, the PSP offers additional services such as checking the solvency of customers or a risk assessment.

The largest payment service providers for Swiss online shops are:

The costs for a PSP usually consist of three elements:

  • Installation costs.
  • monthly fixed costs.
  • Costs depending on the transaction amount between CHF 0.20 and CHF 1.10 per transaction.

When paying by credit card, there are additional costs in addition to the PSP fees. This is a transfer to the financial institution through which the transaction is processed (Six, Aduno, etc.). It usually amounts to 2.5% to 3.5% of the purchase price.

The payment service providers can also set up mobile payment solutions.