Pay-in | Funds arrive in the Mangopay environment in what we call a pay-in. The funds might be acquired by us or another third-party (in some models). There are different pay-ins for different payment methods.Mangopay offers a wide range of international and local payment methods so your users can enjoy the experience they expect. |
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Wallet | The pay-in arrives on a user’s wallet. Funds can then be moved around according to your business model, flexibly from wallet to wallet (we call these transfers). You can take fees, split funds between users, convert currencies, and integrate other service partners.Platforms can create an unlimited number of wallets to hold funds as long as needed. Mangopay’s virtual IBANs and currency conversion services supercharge wallet capabilities. |
Payout | To get the money from their Mangopay wallet to their bank account, the user needs to make a payout. Strict govern this stage and so the user’s identity must be verified.Mangopay provides worldwide payout coverage and real-time payment schemes, plus fast verification checks for individuals and businesses. |
Fees Wallet | Repudiation Wallet |
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The platform’s Fees Wallet is where any fees taken are sent. You can collect fees on any pay-in, transfer, or payout.Your fees are automatically wired to your bank account every month.Learn more → | When an end user contests a pay-in with their bank (known as a ), the Repudiation Wallet comes into play.The funds are automatically deducted from this wallet and sent back to the user. A dispute is created which can be contested by the platform in some cases.Learn more → |