PayRetailers is a payment processing provider that was founded in 2017 in Barcelona, Spain. The system is unique thanks to the idea of the customer base called LATAM that connects numerous potential merchants. The solution offered by the system suits different market sectors so this is an excellent option for international expansion across the vertical markets. Payretailers promises to contribute to the growth of business with the help of the network that was created to give the possibilities for all merchants regardless of their location. It means that it is possible to operate in any country and reap profits as there are all popular payment methods of the region at your disposal.
The founders of PayRetailers consider that the knowledge of payment characteristics and preferences in each region is the fundamental core of success in any market. Therefore, the company started working in this direction, helping companies to implement the integration of the best payment solutions in their targeted area.
PayRetailers offers merchants to pay attention to huge prospects of the Latin American e-commerce sphere. The region with 620 million inhabitants observes 30% annual growth of the e-commerce market. Since 67% of online buyers use local payment methods, LATAM is an excellent solution for merchants who plan to sell their goods to consumers from Latin American countries. The growth of digitized consumption, improvement of e-commerce infrastructure, and financial access to the local population ensured by LATAM open huge opportunities for merchants. So, merchants can reach the full potential of the Latin American market with cross-body payments.
Benefits of using PayRetailers
The payment services provider features numerous advantages. The number of payment methods supported by the platform is rather extensive. Clients can pay using traditional and alternative systems, along with wallets, QR codes, and bank transfers. There is no need for the integration of numerous acquirers as all payment methods are collected on a single platform.
About 250 payment methods function through a seamless API integration enabling international businesses to trade with merchants from Latin America and increase their revenues in this way. The service charges 5-10% depending on the payment method used.
Payretailers enable merchants to accept payments, settle funds, and send payouts to any corner of the world. The traditional card payment methods include VISA, MasterCard, American Express, Visa Electron, Visa Debit, MasterCard Debit, Webpay plus, Tarjeta Naranja, Elo, and Hypercard. The alternative payment methods include BCI Bank Transfer, Scotiabank Bank Transfer, BBVA Bank Transfer, Santander, and many others. The platform is active in the markets of North America, South America, and Central America. The system can easily integrate with Magento, WooCommerce, and Praxis Cashier. Merchants get the opportunity to improve their image and to form a solid customer base.
How to connect to the system
The merchants should fill the form they can find on the website of the payment system. The request includes the basic data about the company and several additional questions concerning the target audience the company looks for. The applicant should specify if the company wants to obtain payment solutions in such countries as Argentina, El Salvador, Brazil, Guatemala, Chile, Mexico, Colombia, Uruguay, Ecuador, Costa Rica, Panama, Peru, and others.