Mangopay

Brief Overview of Mangopay

Mangopay is a specialized payment solution provider designed around a flexible wallet infrastructure for global platforms and marketplaces. Its primary purpose is to give businesses full control over their payment flows, enabling them to manage complex, multi-party transactions and unlock new revenue streams. The core of the technology is a programmable wallet ecosystem that allows for the creation of custom rules, automated workflows, and seamless fund management. This payment management solution is engineered to solve the challenges of cross-border commerce, including foreign exchange (FX), global payouts, and fraud prevention. Mangopay serves a wide range of high-profile platforms, including product marketplaces, financial platforms, and on-demand services. As an EU Licensed and Regulated Financial Institution, it provides a secure and compliant framework for moving money globally, making it a trusted partner for businesses like Vinted, Ticketmaster, and Wallapop.

Mangopay Key Features for Content Creators

Mangopay provides a suite of tools focused on giving platforms granular control over their payment operations.

• Programmable Wallet Infrastructure: At its core, the platform offers a wallet ecosystem that allows for precise control and automation of funds. Businesses can accurately track every transaction with detailed logs, manage split or distributed funds across multiple accounts, and implement custom rules to automate processes like fee calculations, refunds, and conditional payments.

• Flexible FX Solution: The platform includes an end-to-end foreign exchange solution designed to generate revenue from cross-border transactions. It provides bank-beating exchange rates, claiming to save on FX fees by 50% compared to traditional banks. Platforms can build custom FX flows and choose between real-time spot rates or locked-in guaranteed rates for financial predictability.

• Multicurrency Accounts: To support global operations, Mangopay enables platforms to receive, send, and hold funds in over 20 wallet currencies. A single wallet can contain multiple IBANs, and businesses can create unlimited local IBANs to streamline international fund transfers and financial management.

• Global Payouts: The system is built for efficient and cost-effective settlements worldwide. It features local currency support for faster processing and instant settlement capabilities through a network of global partners. Platforms can automate both mass bulk payouts to many recipients and single payouts as needed.

• AI-Driven Fraud Prevention: Mangopay offers a 360° protection solution to safeguard users and transactions. The system uses machine learning to achieve high precision in fraud detection, resulting in a significant reduction in unauthorized transactions. This includes an AI-driven fraud prevention tool designed specifically for platforms.

• Identity Verification: Integrated within its security framework, the platform supports identity verification in over 16 countries. This feature is crucial for Know Your Customer (KYC) and Know Your Business (KYB) compliance, helping platforms securely onboard sellers and users while mitigating risk.

• Flexible API & Pre-built Integrations: Mangopay caters to different development needs by offering both a flexible API and pre-built solutions. The API allows for full white-labeling, giving platforms complete ownership of the user experience. For faster implementation, pre-built integrations and libraries are also available.

• Multi-Acquirer Settlement: The infrastructure is designed to be agile, allowing platforms to settle funds from their existing acquirers. This flexibility means businesses can integrate Mangopay into their current financial setup without being locked into a single acquiring service.

• EU and UK Local Acquiring: Through the Mangopay Payin Suite, platforms can accept payments directly with local acquiring in the EU and UK. This helps optimize payment acceptance rates and reduce cross-border transaction fees for businesses operating in these regions.

Mangopay Target Users & Use Cases

Mangopay is engineered for businesses, not individual creators, that operate platform-based models and require a sophisticated payment management solution. The emphasis on a flexible API and white-labeling capabilities suggests it is best suited for companies with access to development resources, from startups to large enterprises.

• Primary Business Types: The solution is tailored for Product Marketplaces (C2C, B2C, and retail), On-Demand Platforms, Financial Platforms, Travel and Hospitality Platforms, and SaaS Platforms.

• Specific Use Cases:

  • Managing complex fund flows for a C2C marketplace where users buy and sell from each other.
  • Automating split payments and commission fees for on-demand service platforms.
  • Handling multi-currency bookings and payouts for international travel and hospitality websites.
  • Creating secure, embedded wallet experiences for users to store and re-spend funds within a platform.
  • Streamlining global treasury operations for a SaaS company with international customers.
  • Implementing robust KYC/KYB processes for onboarding sellers to a B2B marketplace.
  • Monetizing cross-border transactions through an integrated FX solution.
  • Executing mass payouts to a large network of sellers or service providers.

Bottom Line: Should Content Creators Choose Mangopay?

Mangopay is a powerful and highly specialized payment infrastructure provider. It is an excellent choice for established platforms, marketplaces, and SaaS companies that need to manage complex, multi-party, and cross-border payment flows with a high degree of control and customization.

The primary advantage of Mangopay is its flexible wallet infrastructure, which empowers businesses to design and automate unique payment experiences tailored to their specific business models. This, combined with its comprehensive FX solution, AI-driven fraud prevention, and global payout capabilities, makes it a complete ecosystem for monetizing payments. The availability of both a robust API for white-labeling and pre-built components provides versatility for technical teams.

For any platform-based business looking to move beyond standard payment processing and build a sophisticated, revenue-generating financial system, Mangopay offers the control and flexibility necessary to scale globally and securely.