Securion Pay Review

SecurionPay is a merchant service provider that specializes in online and mobile payment processing. It caters to European countries and has yet to accept US-based merchants. The company enables multi-currency payments and aims to provide a seamless payment process for merchants.

Below is an overview of merchant services offered by SecurionPay:

  • Merchant accounts
  • Credit card payment processing
  • Multi-currency payment processing
  • Payment integration solutions for e-commerce and mobile
  • Shopping cart and API integrations
  • Chargeback and fraud prevention

 

SecurionPay Merchant Services

High-Risk Merchant Accounts

SecurionPay helps high-risk businesses secure a merchant account, which is a prerequisite for payment processing. It acts as a liaison between acquiring banks and merchants. It handles your application form and helps negotiate cost-effective fees.

Apart from high-risk merchant accounts, the company also specializes in forex, travel, dating, gaming, and gambling merchant accounts.

Payment Processing

With SecurionPay, merchants can accept payments from major credit cards like MasterCard, Visa, JCB, Discover, AMEX, and Diners Club. High-risk merchant accounts can also take advantage of Visa Direct for original credit transactions. It lets you send money right to debit or credit cards. It is secure and has global coverage.

SecurionPay also supports multi-currency processing. Merchants can process payments from over 160 currencies.

According to its website, the company is working to add more payment methods like SEPA, Bitcoin, bank transfers, and PayPal.

Payment Integrations

At the core of SecurionPay’s payment processing is its integration solutions. It provides various options for merchants to develop a seamless payment experience for customers.

Its simplest integration is the checkout page. It allows the customer’s entire transaction to take place on the product page. Merchants can customize the form by setting up cross-sales features, billing models for single and recurring transactions, and more. The system also works in 24 languages.

Another option is to use a conversion-optimized and customized checkout form. High-risk merchant accounts can decide to divide the checkout process into several pages or keep it on one. The customization comes via CSS and HTML.

SecurionPay also integrates with dozens of other programs, such as Amazon Web Services, Zapier, Magento, PrestaShop, Shopify, Weebly, and WooCommerce. If you prefer more customization, developers can take advantage of the SecurionPay API. There is also a code library and mobile SDKs to help with customization. The system even supports multiple programming languages. Developers can also access examples and a GitHub account.

The company’s payment solutions apply to mobile payments as well. While it does not have its own mobile app, it can integrate its solutions with existing apps and software.

Chargeback and Fraud Prevention

SecurionPay also offers a range of security and anti-fraud tools. Some include 3D Secure, machine learning, delayed capture, and blacklisting.

The tools also protect your customer’s data and help reduce chargebacks. Further security comes from the tokenization and PCI Level 1 compliance for high-risk credit card processing.

image of fraud prevention of securion pay

SecurionPay Fees, Rates, and Pricing

Processing Fees

Securion Pay takes pride in being transparent with its prices. It lists the following processing fees on its website.

High-risk Merchants

Every transaction costs 4.9 percent plus 0.35 euros. If you process more than 150,000 euros worth of transactions per month, you may be eligible for custom pricing.

It is also worth noting that high-risk merchants also need a rolling reserve of 5 percent to 10 percent for at least six months and may have a 500-Euro registration fee.

Non-high-risk Merchants

For non-high-risk clients, pricing starts at 2.95 percent plus 0.25 euros per transaction. There are lower prices for larger merchants.

Additional Fees

SecurionPay charges an additional 25 euros per chargeback.

Other than that, there are no setup fees or monthly fees with the company. It assures merchants that they will only not incur fees if there are no transactions to process.

Hidden Charges

Given SecurionPay’s transparent and straightforward pricing, it is safe to assume that there are no hidden fees with the company.

image of securion pay has no hidden fees

SecurionPay Complaints

While SecurionPay has a generally positive reputation among customers, we have found a few complaints worth mentioning. Below is a summary of the issues encountered.

Rip Off Reports

One Trustpilot review accused the company of being thieves and scammers. According to his story, he was scammed by a fake website that was using SecurionPay’s payment gateway. Upon contacting the company, he was not given a refund.

SecurionPay responded to the complainant by clarifying that the merchant was at fault, not the company. They went on to assure him that they verify the identities of their merchants before approving their applications. As such, they asked him to report the merchant’s website for investigation.

Other Complaints

Apart from that review, most complaints are about SecurionPay’s approval process. There are negative reviews from four merchants who were denied a merchant account. They belong to industries like environment protection, digital goods and services, and fashion accessories. While these may be isolated cases, this is important to note for interested merchants offering related services.

 

SecurionPay BBB Rating

SecurionPay is not an accredited company by the BBB, which is to be expected as it is a company based outside the US.

BBB Reviews

In that regard, it follows that there are no BBB customer reviews or complaints about the company.

 

Is SecurionPay Legitimate?

SecurionPay is a legitimate company with a credible reputation among European businesses. It was established in 2014 by Lucas Jankowiak. He started the company after noticing the lack of merchant service providers in Europe. Its management team has over 20 years of experience in the FinTech industry, which explains its robust integrations and payment technologies. The company is currently based in Switzerland and has other offices in Poland and Spain.

According to its website, SecurionPay has over 2,500 merchant accounts and processes over 25M transactions per month.

The company has a strong online presence, appearing in Yahoo! Finance, GDI, Forbes, The Huffington Post, The Sociable, Ecommerce News, and more. It has also been featured by several independent review sites like G2, CrozDesk, FinancesOnline, CompareCamp, SaaSworth, and more. They all gave the company high review ratings and praises.

Scams

There don’t seem to be any reports of scams or fraud against SecurionPay.

Lawsuits

Likewise, the company does not seem to be involved in any lawsuit or legal complaint.

 

SecurionPay Customer Reviews

image of securion pay customer reviews

As mentioned, SecurionPay has generally positive ratings based on customer reviews. It holds an impressive 5-star rating based on 18 Capterra reviews. It also has several 5-star ratings from 23 TrustPilot reviews, five G2 reviews, two Google reviews, and two FinancesOnline reviews.

In summary, merchants praise the company’s reliable customer service, customizable solutions, and low processing fees. Many thanked the company for helping them set up their merchant accounts and payment processing capabilities. They also shared good words about the integration process and merchant admin tools.

 

Conclusion

Overall, SecurionPay seems to be a capable and reliable option for European services in need of merchant services. It provides a wide range of payment processing solutions and integrations for a seamless e-commerce experience. Another notable benefit is its ability to process multi-currency payments. It also has enough security measures to put high-risk merchants at ease. Lastly, it provides transparent pricing and no monthly fees. kum

The company’s competence is further highlighted by its high customer ratings and positive testimonials. While it does have a history of rejecting a few industries, this should not discourage interested merchants. Consider applying for a free quote through the website and discuss your options with the company.

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