Truevo - Payment Connector Definition | Akurateco
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Truevo

Truevo is a Malta-based fintech platform that was launched in 2013. It was known as Swish Payments LTD at that time but was rebranded four years later. After rebranding, it acquired its present name. This is a licensed PCI DSS-compliant financial institution.  In 2019, the company started its activity in London and became an industry-leading payment provider.

The brand is marketed as a new type of company that aims at the integration of different roles. It serves as an acquirer and payment service provider simultaneously. Usually, an acquirer delivers card acquiring, merchant account services, management of card settlement, and reconciliation tools. The obligations of a payment service provider include payment processing, gateway services, and monitoring of transactions around the clock. This integration simplifies the acceptance of transactions across different channels, therefore merchants can reach their clients and transact with them regardless of their location and device they use.

Benefits of using Truevo

According to the research conducted by the company, merchants can save up to 100% of their fees spent on transaction processing. Therefore, Truevo launched the e-commerce payment solution known as Truevo Account. The service is known for its flexibility. It was developed for UK merchants that accept payments from customers all over the globe. The international transactions can be performed on more than 120 currencies via Visa and Mastercard.

The service is unique as it offers solutions embracing the whole payments value chain, where clients and partners use the same service provider for all payments they have to make.

Truevo supports 8 payment methods including VISA, Visa Debit, Visa Electron, Maestro, VPay, Mastercard, MasterCard Debit, and IVR Billing. It is possible to integrate Truevo in OpenCart, Drupal, Magento, PrestaShop, WooCommerce, WordPress, and other content management systems or payment orchestration platforms. The company is active mainly in the European region.

Truevo assures that its integration is one of the quickest on the market. It also promises affordable fees, attractive settlement terms, technical support on all stages of work. Truevo features automated recurring billing. Merchants can use it for account payments, subscriptions, or monthly installments. Merchants get access to the transaction history, where they can compare and analyze data, track their sales and refunds.

Business holders can also use any device to turn it into the virtual POS terminal with the assistance of Truevo. There is no need for complicated setup, integration, or connection to the website. Merchants safely get payments from any part of the world without installing extra hardware and they only need an internet-enabled device for that. The fees for processing start from 2% and can reach 6% per transaction depending on the type of business.

How to connect Truevo

The integration is incredibly simple with Truevo. It is implemented with the help of a payment widget that should be just copied to the merchant’s website. There is no need to have coding skills and experience for it.

The payment plugins working with leading e-commerce platforms mentioned above are easily installed. The installation process takes less than 15 minutes.

Business holders can also use any device to turn it into the virtual POS terminal with the assistance of Truevo. There is no need for complicated setup, integration, or connection to the website. Merchants safely get payments from any part of the world without installing extra hardware and they only need an internet-enabled device for that. The fees for processing start from 2% and can reach 6% per transaction depending on the type of business.

You can contact the Truevo team via online form or call its support service that works 24/7.

 

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