In the competitive landscape of payment solutions, Mangopay positions itself as a multi-party payments specialist that solves payment complexities for marketplaces and platfroms. We're all about offering tailored services to fit exactly what our clients need - a customizable setup that can grow with their business, and tools that make their payment operations easier. • We provide methods for both pay-ins and payouts that are tailored to local preferences, and we support a broad array of currencies to match their global reach. • Our e-wallet infrastructure opens up new ways for businesses to capture revenue, adding more value to their business model. • The FX solution offers users the flexibility to check what to convert, when, and at what costs. • With no integration efforts, platforms can get 360 fraud prevention powered by AI and darknet insights, covering the user journey from onboarding, and checkout to post-payment. The wallet infrastructure Our e-wallets function as virtual money containers, facilitating the holding and management of both user funds (owned by individual users) and platform funds (controlled by the platform). Mangopay handles the payments via an API, which is integrated into platforms' app or website. Our API acts as a payment gateway and we deal with everything needed to make payments happen: card issuers and networks, banks, payment methods, technical protocols, and so on. Our clients use our e-wallets to implement various strategies such as instant seller bonuses, simplified refund processes, and pre-paid wallets to engage users and retain funds within the platform. Core features: • Users and platforms can create as many e-wallets as they need instantly via our API • We enable the holding of funds for any duration without any restrictions on the amount • Platforms can distribute funds among multiple parties, customizing distribution based on their unique business model. • Our system uses virtual IBANs for automated reconciliations and local payment experiences. Payments Platforms can accept a variety of payment methods - including card payments, account-to-account payments, pay later, and more - offer their users localized payment experiences, capture more revenue, and streamline payments operations. Core features: • A customizable Checkout SDK to optimize local payment experiences and increase conversions • Multiple payment methods and currencies are supported, ensuring a global reach • Payments authorization, capturing, and reconciliation • A flexible payment infrastructure that platforms can plug into their own stack to build custom payment flows Payout Platforms can send fast and cost-effective payouts to sellers, vendors, or suppliers in local currencies. Core features: • Global payout network • Payouts in multiple currencies, whether they're instant, international or local payouts • Automate when to pay and in what currency Identity (KYC) We offer a hosted KYC solution, which means platforms can integrate it with minimal engineering effort and enable their business partners, sole traders, and businesses - to onboard through self-verification and global ID verification. Core features: • Self-enrollment - platforms can generate unique KYC links to enroll themselves in the verification process. • Global ID verification: coverage for 40 languages and 195 countries • Advanced verification methods: selfie and liveness checks, document capture, and business registry verification. • Compliance with GDPR and other relevant regulations by managing data collection independently where necessary, reducing legal risks for platforms. FX Our FX suite equips platforms to implement multi-currency pricing, exercise control over treasury and liquidity management, enable currency conversion for users, streamline global payouts, and more. We offer two distinct FX management services: Spot FX – Ideal for immediate currency exchanges between e-wallets, this solution enables access to real-time exchange rates through our API Guaranteed FX – Platforms can lock in FX rates for a brief period and fulfill quotes without any obligation. Core features: • Currency conversion for both platform funds and user funds • Real-time exchange rates • Embedded FX at any point in your payment flow • Competitive exchange rates • Optional fees parameter, allowing platforms to charge users for FX services and customize their fee structure • The option to add markups on each transaction to increase revenue. Fraud prevention Our AI-based fraud prevention solution helps platforms, merchants, and fintechs to detect various types of fraud in real time, such as account takeover, account opening fraud, CNP fraud, first-party misuse, and many more. With a rich suite of low-level attributes, our risk detection tool goes beyond the surface and provides detailed screening for each user attempting to transact on a website or mobile app. We look at the device’s hardware, software, browser, and user behavior to catch any spoofed details or if someone's trying to hide their online tracks. What’s more, by collecting darknet insights, we reverse-engineer fraudsters’ techniques and thus help you stay ahead of fraud. Core features: • Proprietary user profiling technology to extract thousands of end-user data attributes • Device fingerprinting • Bespoke machine-learning models and dedicated experts to test, assess, and monitor fraud rule sets • Decision engine with ‘what if’ simulations historical data to test new rules before implementing them • No integration option • 3DS decisioning. We play in the same league as Stripe, Adyen, checkout.com, Mollie, and more alike. Platforms get to use a payment system that's as modular as a set of building blocks. They can add or remove components based on what their use case demands unlike our competitors’ rigid payment workflows and single payment stack approach. Mangopay is PSP agnostic, giving platforms the freedom to integrate with various other payment services and gateways, something that, Adyen, for instance, can’t support. We don’t impose minimum volume commitments, making the platform accessible to startups and smaller enterprises just as much as it is to established businesses. Growing platforms can benefit from a solid payment infrastructure without the pressure of hitting high transaction volumes from day one. Our built-in fraud prevention system detects multiple types of fraud from the user registration stage - such as account takeover (ATO) or account opening fraud - all the way to checkout and beyond. Our competitors are mainly focused on payment fraud, but we go beyond transactions with our account fraud protection. We change the lives of our customers by providing them with an ecosystem that improves their payment operations and their growth potential. Our solutions empower clients to manage payments more efficiently, and innovate in how they incentivize and retain users, ultimately driving more revenue and building trust in the online business environment. For example, during the first six months of implementing Mangopay's full-stack solution, ManoMano, a popular online marketplace for DIY and home improvement products, experienced a 20% increase in revenue thanks to the automation of their payment infrastructure. This automation also led to a 20% optimization in the finance department's workforce and saved the company EUR180,000 annually. Please check out our case studies for more proof of value.
