Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

MANGOPAY Goes International and Accepts Seven New Currencies


Print article Print article
© Business Wire 2014
2014-02-18 10:03:01 -

MANGOPAY, the payment solution for marketplaces, crowdfunding platforms and collaborative economy players, has announced that it is strengthening its offering with new functionalities and accepting seven further currencies.

The new user-friendly features include.



- Seven new currencies (British pound, American dollar, Swiss franc, Polish zloty, Norwegian, Swedish and Danish krone) in addition to the euro. The Australian and Canadian dollar will also soon also be accepted
- In-app payment using card “tokenisation”, which allows merchants to receive payments without users leaving their platform
- New open source development kits to make integration easier e.g. PHP, Python, Ruby and Java
- Test accounts for merchants and the option to go live directly via mangopay.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

With a pan-European Union e-money

issuer licence (EME), MANGOPAY is a comprehensive solution for international markets. The company helps clients accept third-party payments, create and manage e-wallets (white label), split funds and collect fees in a simple, secure and transparent way.

MANGOPAY is unique in its highly competitive pricing, which is calculated based only on incoming payments and adapted to decrease as monthly sale volumes increase. MANGOPAY offers a basic rate of 1.8% + €0.18 for the euro and 2.5% + €0.25 for other currencies (a full breakdown of which can be seen in the pricing list : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ). Depending on client needs, free options are also available, such as one-click or recurring payments, and local payment methods (e.g. ELV, Maestro and iDEAL).

One of the main technical challenges for online marketplaces, crowdfunding platforms and mobile applications across Europe is to implement a payment management system adapted to their requirements, which is international and respects European regulations. MANGOPAY has already signed up 150 European sites to manage their payments in the last 10 months, as the collaborative economy gets even stronger. Clients using the MANGOPAY API include Vestiaire Collective, Ulule, La Fourchette, Vinted, Payplug, SmartAngels, Hopwork, Trendu, Eppela, IlockYou, Sailsharing, Qhaceshoy and Farmdrop. MANGOPAY handled than €50 million in 2013.



Sebastien Fabre, Vestiaire Collective, said, “A solution aligned to the needs of our international community. Finally, an effective response to market requirements! Well done MANGOPAY!”


Alexandre Boucherot, Ulule, said, “We needed a secure solution to collect third-party payments. MANGOPAY allows us to manage e-wallets as a white label for our users in an environment that is 100% in line with all regulations.”


Céline Lazorthes, CEO, MANGOPAY and Leetchi.com, said, “I’m proud to announce that MANGOPAY is now compatible with a wide range of currencies. This was an essential requirement for many of our international clients which we needed to meet. When I created Leetchi.com in 2009, I dreamt of having this kind of solution in my hands!”


ENDS


About the Leetchi Group

Leetchi runs Europe’s leading online group payment solution, Leetchi.com, which was launched in November 2009 and has more than 1 million clients. It also manages the MANGOPAY API, launched in 2013 with more than 150 European clients. Its e-money issuer license guarantees that all European regulations are respected. The group employs 26 people in Paris and Luxembourg and is backed by venture capitalists such as Kima Ventures (Xavier Niel), Idinvest and 360 Capital Partners. Since being created, the group has raised €5.6 million.

For more information, visit www.mangopay.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..

" title="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140218005299r1&sid=16929&distro=ftp\"/>" target="_blank" rel="nofollow">cts.businesswire.com/ct/CT?id=bwnews&sty=20140218005299r1&am ..

FieldHouse AssociatesNeil Robertson, +447739322503 neil@fieldhouseassociates.com : mailto:neil@fieldhouseassociates.com @neil_robertsonorEmma

Parrott, +447988696059 emma@fieldhouseassociates.com : mailto:emma@fieldhouseassociates.com @emmaroseparrott


Author:
Hossam Abdel-Kader
e-mail
Web: www.pr-inside.com/
Phone: +43 1 9582319

Disclaimer: (c) 2014 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com