PayDo is an innovative Electronic Money Institution (EMI) that provides a wide range of financial solutions for both businesses and individuals. With its advanced platform, the platform offers a seamless experience for managing payments, handling international transactions, and ensuring robust security.
This article aims to guide you through the functionalities and benefits of using our payment ecosystem, providing a detailed look at how this cutting-edge financial platform can streamline your transactions and enhance your financial management.
PayDo is an EMI and payment ecosystem working for both individual and business users. It provides a range of services, including dedicated multicurrency IBANs, money transfers, merchant services, mass payments, and virtual/physical cards.
PayDo was established in 2017 and is headquartered in London, UK. It is committed to providing secure and efficient financial services as a regulated Electronic Money Institution. The company is also a licensed Money Services Business (MSB) in Canada, extending its reach and reliability in the global market.
PayDo operates under strict regulatory compliance, holding licenses from respected authorities such as the UK’s Financial Conduct Authority (FCA) and the Financial Transactions and Reports Analysis Centre (FINTRAC) in Canada, and MFSA in Malta. These licenses ensure that the EMI adheres to high security and operational integrity standards.
PayDo offers a suite of versatile financial services tailored to meet the diverse needs of businesses and individuals. From business accounts to personal payment solutions, PayDo provides innovative tools designed to enhance financial management and efficiency.
PayDo’s business account is an advanced alternative to traditional bank accounts, designed to support businesses of all sizes. It offers a comprehensive suite of features, including cross-border and local transfers, currency exchange, balance statements, virtual IBANs, and regional accounts. This makes it an ideal solution for companies engaged in international business transactions.
For individuals, PayDo provides a personal account that is perfect for making and accepting payments from other PayDo users. The personal account comes with free opening and maintenance, supports multiple currencies, offers various top-up options, and ensures secure transfers. This makes it ideal for online shopping and managing personal finances.
PayDo Checkout is a secure payment page tailored for merchants. It supports over 350 payment methods and operates in more than 170 countries. The intelligent payment selection and built-in anti-fraud measures make it a reliable choice for e-commerce payment processing.
PayDo also offers mass payment solutions, allowing businesses to conduct multiple payments to PayDo users simultaneously. Features include instant payments, no hidden fees, and API integration. This is particularly useful for companies needing to handle payroll or bulk payments efficiently.
The platform offers corporate cards that are designed to streamline business expenses. These cards can be used for various business expenditures, providing a convenient and efficient way to manage company finances. Features include real-time expense tracking, spending limits, and detailed transaction reports.
Creating an account is straightforward and accessible. Users can choose between personal or business accounts, depending on their needs. The registration process involves filling out basic information and agreeing to terms of service.
After registration, users need to complete a verification process to ensure compliance with regulatory standards. This process typically involves submitting identification documents, which can be completed within five business days.
To set up a business account, you need to fill in a pre-verification form, sign the contract, and complete the verification process. The entire account opening process is fully remote, allowing you to set up your account without needing physical visits.
Setting up a personal account is straightforward. You register on the platform, complete the KYC verification, and you’re ready to start using your account. The process is designed to be quick and easy, ensuring you can get started with minimal hassle.
For merchants, integrating Checkout involves:
The integration process is seamless, allowing you to start accepting payments quickly.
Our mass payment solution is designed to simplify and streamline the process of disbursing funds to multiple recipients. Ideal for businesses with high-volume payment needs, this feature ensures quick and efficient transactions.
Businesses can send funds to employees, vendors, or other recipients en masse. This feature is handy for companies that need to make multiple payments simultaneously.
The platform offers API integration, allowing businesses to automate mass payments. This integration streamlines the payment process, saving time and reducing the risk of errors by enabling bulk transactions through a single interface.
Explore the essential features that make PayDo a powerful financial platform for individuals and businesses.
Flexible and convenient methods to add funds to your account, ensuring that your financial needs are met seamlessly.
Adding funds to your PayDo account is simple and can be done through various methods, including bank transfers, credit cards, and alternative payment methods like digital wallets. This ensures that you have multiple options to keep your account funded and ready for transactions.
The platform supports IBANs with 35 currencies and nine payment schemes, making it convenient for users who deal with international transactions. This multicurrency support allows users to hold, convert, and manage different currencies within a single account, facilitating global business operations.
Learn about the robust security measures and compliance standards that the EMI implements to protect your transactions and ensure regulatory adherence.
The platform prioritizes the security of its users with built-in anti-fraud measures, 3D Secure, and PCI-DSS Level 1 certification. These features ensure that all transactions are safe and secure, thereby building customer trust and confidence.
PayDo complies with regulations set by the FCA, FINTRAC, and upcoming European licenses. By prioritizing security and maintaining compliance with international regulations, PayDo offers a trustworthy and reliable financial platform that customers can depend on.
There are several key benefits to keep in mind:
PayDo offers a suite of services within one dashboard and under one contract. Basically, the platform provides what a business might find with five or six payment providers. We offer:
PayDo caters to various industries, such as e-commerce, iGaming, Forex, and more. Each industry has unique needs, and PayDo provides tailored solutions to meet these demands, ensuring that businesses can operate smoothly and efficiently. For instance, e-commerce platforms benefit from fast and secure payment processing, while high-risk industries like iGaming can take advantage of quick account setup and reliable transaction handling.
With its versatile features and specialized solutions, PayDo stands out as a powerful tool for managing financial operations, catering to both individuals and businesses across various industries.
PayDo simplifies financial management with its comprehensive and secure platform. Whether you’re a business managing international transactions or an individual handling personal finances, PayDo offers the tools and features you need. Explore PayDo today and experience a seamless, secure, and efficient way to manage your finances.
