PSP Tendering

A turnkey solution for optimized payments.

The problem we’re solving

When planning an optimal payment service, you need to consider numerous requirements from your business, customers, markets, and offering. It’s a good idea to rely on existing experience to cover all of this.

Having an external expert leading your PSP tendering process can help you when… 

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No payment specialist in-house to lead the process
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You need to be certain that all suitable options have been screened in the tendering process
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Not enough time available to familiarise yourself with all the details related to PSP tendering process
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You want to utilize existing experts who have done PSP tendering many times in the past

Your business may be asking...

"What to take into account and which are the typical criteria to be included when finding the optimal payment service provider?"

You need to consider numerous requirements from your business, customers, markets, and offering. It’s a good idea to rely on existing experience to cover all of this.

"Do I pay too much for payments?"

When evaluating PSPs, it's essential to analyze their fee structures, including transaction fees, monthly subscriptions, setup fees, and any additional charges.

"What kind of offerings do different payment service providers have?"

There are significant differences in service providers' offerings. Our payment experts, with decades of experience in the payments sector, will help you find the best-fit payment service provider.

...and our solution

Payment service provider tendering is the process by which organizations or businesses solicit bids from various payment service providers to select the most suitable partner for their payment processing needs.

You may do PSP tendering once every five to ten years. We’re involved in these processes on a monthly basis and have ongoing discussions with all the significant PSPs. We will find you the best payment service provider.

Number1

Preparation and RFP issuance

This typically involves issuing a formal request for proposals (RFP) outlining specific end-user needs and business requirements such as transaction fees, payment methods, security measures, integration capabilities, customer support, and other relevant factors.

Number2

Proposal submission and evaluation

Payment service providers then submit proposals detailing how they meet these requirements, including information about their services, technology, pricing structures, and any additional value-added features. The organization evaluates these proposals based on criteria such as cost-effectiveness, reliability, scalability, and compatibility with existing systems. After thorough review and comparison, the organization shortlists the most suitable providers.

Success stories from our approach

posti_psp
Posti Payment Gateway

Payment tendering and implementation for modern delivery and fulfilment company.

terveystalo-psp
Terveystalo

Payment tendering and evaluation for healthcare organization.

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A guide to payment service provider tendering: Process and criteria

Pricing

PSP Tendering
Union

Gather requirements

Union

Preparation and RFP issuance

Union

Proposal submission and evaluation

Union

Review with the customer

15 000 €

excluding VAT

Contact us

Got you interested?
Let’s talk!