Paynova - Payment Service Provider Overview | Akurateco


Paynova is a Swedish company that provides online payment solutions for businesses. Since its inception in 2000, it has catered to e-retailers, associates, and other processing requisites, with a special emphasis on bespoke Paynova accounts. Notably, they’ve introduced an innovative payment mechanism for vendors to enhance product transactions and an exclusive variant dedicated to the online gaming community, dubbed as Paynova InGames. Following a brand overhaul, the entity now operates under the name Sileon. Paynova equips Northern European merchants with an all-encompassing payment service framework. Aligning with Paynova paves the way for greater profit margins, augmented revenue, and strengthened customer dedication. 

Features of the Platform

E-retailer Solutions: Tailored services for e-retailers, ensuring smooth online transactions and payment processing.

Partner Sales Services: Catering to the needs of Paynova sales partners, perhaps through integration tools, plugins, or special rate plans.

Processing Capabilities: Robust payment processing solutions, possibly involving credit card processing, bank transfers, and other payment methods.

Specialized Accounts: Offering Paynova accounts which might come with added benefits, security features, or customization options tailored to users’ needs.

Paynova InGames: A version of their service adapted especially for online gaming companies, which might include microtransactions, in-game purchases, or subscriptions.

Global Reach with a Local Touch: Since it’s based in Stockholm, Sweden, Paynova might offer features tailored to the European market, while also catering to a global audience.

Rebranding to Sileon: This suggests a period of growth, evolution, or a shift in the company’s strategy, indicating that the service features might have been updated or expanded upon rebranding.

Pros & Cons


High and continuously improving security measures.

Prioritized adaptability in its payment system.

State-of-the-art system for organizing and scheduling payments.

Profitable operational model, underscored by a growing base of loyal customers.

Delivers a trustworthy shopping experience.

Grants flexibility in payment options for items purchased.

Facilitates the management of multiple payments on a singular platform.

Enables the creation of a structured payment schedule.


Regional limitations: Not usable internationally and restricted to certain areas.

How to Begin With

To get started with Paynova, first visit their official website and look for options like ‘Sign Up’ or ‘Get Started’. Once you decide to register, provide essential personal and business details such as your email, business name, and contact number. Be prepared for potential additional verification steps that prioritize security and compliance; these might necessitate submitting business-related documents, identity proofs, or bank information. If you operate an online store, integrate Paynova’s payment gateway or API; they likely offer tools like plugins, SDKs, or detailed API guidelines. Once integrated, configure the system settings based on your needs, considering aspects like payment notifications, invoicing, and currency. Before fully transitioning to this platform, it’s wise to conduct a few test transactions to ensure optimal functionality. When content with the system’s performance, you can officially go live and begin accepting customer payments. In case of any challenges or questions, don’t hesitate to reach out to Paynova’s customer support or check their FAQ section. Lastly, to maximize the benefits of the platform, stay abreast of any updates or new features they roll out.


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