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PaynoPain launches a payment platform designed for Marketplaces and Sharing Economy businesses

At PaynoPain we are experts in online payments thanks to continuing to innovate day by day and working with the aim of simplifying payments for all business models. And two types of businesses that can be challenging when designing payment flows are Marketplaces and Sharing Economy platforms, since they move away from traditional models and involve transactions between many sellers and many buyers, having to add to the equation the commissions of the platform for the service.


Of course, these businesses cannot work with any payment service provider, since their needs are very specific and only specialized payment platforms will allow them to carry out their operational needs in an agile and comfortable way for all parties. For this reason, at PaynoPain we have combined our two solutions, Paylands and ChangeIt, to bring to the market a payment platform designed for Marketplaces and Sharing Economy businesses. Both technologies combined facilitate flexibility and customization of commissions and transaction flows.


Let’s take a closer look at some of the main advantages of our payment platform for Marketplaces and Sharing Economy businesses:


Flexible and customizable operations (split payments, payin, payout…)

Once the user makes a purchase, the process of dividing payments (split payments) between businesses begins, collecting commissions and sending transfers. Our payment platform offers total flexibility and customization so that Marketplaces can carry out these processes in real time or in an automated way (payin and payout), thus being able to complete the payment division in a few seconds. In this way, both sellers and the Marketplace itself will receive their benefits quickly and easily.


The most popular payment methods

Paylands allows you to offer a wide variety of payment methods to cover all target audiences. In a Marketplace it is even more important to offer this variety, since the customers are very different types of people, with very different needs and preferences. Debit and credit card, Bizum, Google Pay, Sofort, cryptocurrencies… The wider variety offered, the more likely it would be to hit the favorite choice of all users, and Paylands can integrate any of these payment methods.


Simple and fast KYC

In these business models it is not always necessary to carry out the process known as “Know Your Customer”, it will depend on the type of relationship established between businesses and/or customers with the Marketplace. However, in cases where it is necessary, at PaynoPain we have automated an agile KYC system so that the process is as quick and easy as possible for our clients.


PSD2 compliance

The new European PSD2 directive, among other things, requires businesses to carry out SCA or double authentication and Marketplaces that operate with Payment Institutions. In our case, we have a license from the Bank of Spain to operate as such, so we can serve Marketplaces and facilitate compliance with the directive. Additionally, our Paylands payment gateway simplifies strong authentication, performing it quickly and reliably for the customer.


Fair and clear commissions

The operation of a Marketplace or a Sharing Economy platform is already complicated enough for the payment service provider to complicate it even more with very high or unclear commissions. At PaynoPain we make personalized estimates that are adapted to the needs of each company, which are very fair and are charged automatically, so you don’t have to worry about anything other than running your business.


If your business is a Marketplace or a Sharing Economy platform (or works as such), you can undoubtedly benefit from our new payments platform. Take advantage of the experience and technology of our two main solutions and put them at the service of your business to achieve the best results and a convenient, simple and transparent payment service.





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    Infraestruturas de Portugal chooses PaynoPain again

    Years ago, Portugal decided to modernize the traditional method of motorway payment, and to achieve it they have been working together with PaynoPain for years. Easytoll has been operating since 2015 and consists of avoiding the traveler from stopping to collect the ticket and pay on the motorways: through a modern camera license plate recognition system, the charge is processed automatically without the vehicle having to stop.

    This system works in a simple and fast way, which has allowed the decongestion of Portuguese highways for 5 years. Cameras installed on service roads next to these highways capture the license plate of the car, which has been previously associated with the driver’s credit card. This payment system has solved problems such as charging foreign registrations. And it is in the payment process in which the PaynoPain technology comes into action to complete a quick and efficient process for both the user and the Administration.

    It is a fast and efficient payment system that allows the entire process to be automated, providing greater fluidity in the traffic of the neighboring country. Comfort, saving time, less pollution and reducing the number of accidents are other consequences of decongested roads.

    And of course in this fully automated process the security of sensitive customer data is guaranteed thanks to the PCI-DSS certification. All the projects in which PaynoPain works have its identity seal: maximum security and comfort for the user, and it is precisely this level of commitment that makes Infraestruturas de Portugal continue to choose it as the payment provider year after year.

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