PayRetailers

Table of Contents

History

PayRetailers is a financial and technological company established in Barcelona in 2017. Its objective is to connect global companies with consumers from Latin America through a comprehensive online payment solution.

Since its inception, the company has founded seven offices across LatAm to cater to the needs of the entire region. There are currently more than 500,000 consumers that use its services, setting up the company for an expansion into the B2C market soon.

PayRetailers logo
PayRetailers recorded a 37% increase in online transactions (worth around $85 billion) in 2021, and financial experts and advisors have projected a more than doubled growth by 2025.

In 2021, the company became the official sponsor of CONMEBOL, signing the contract for two seasons. A year later, PayRetailers acquired two online payment platforms, Paygol from Chile and Pago Digital from Colombia, to further cement its presence in the market.

Pros and Cons

PayRetailers is building a strong presence in its target market thanks to its key features, but there’s also room for improvement in certain areas. Take a look at the pros and cons of integrating PayRetailers via SoftGamings.

Pros

  • Includes over 250 alternative payment methods
  • Business conducted in 12 LatAm markets
  • Licensed and regulated
  • Cryptocurrencies supported

Cons

  • Focused solely on Latin American markets

How to Use PayRetailers in Online Casinos

PayRetailers is a B2B fintech company that eliminates the complexities of cross-border payments and minimises operational costs. It’s a fully localised solution that supports 250 different payment methods. This business model allows PayRetailers to serve as the single point of contact for 90% of the payment sector, thus facilitating transactions for international merchants, including online casinos and sports betting companies.

To use PayRetailers for your online gambling platform, you simply need to contact SoftGamings’ sales team and arrange the details surrounding the API integration of this payment method through our unified system.

Regions

PayRetailers is fully operational in 12 different LatAm countries. In Mexico alone, the solution includes over 20 different online cash solutions that help it reach a wider audience that still resorts to cash when making payments.

Payment Methods

So far, PayRetailers has incorporated over 250 alternative payment methods into its solution, including bank transfers, eWallets, online banking methods, cash payments, and payments through QR codes, which are becoming increasingly popular in LatAm markets. The choice of methods depends on the country, but the most popular ones, such as Boleto Bancario and PIX in Brazil, SPEI in Mexico, PSE in Colombia, and Khipu in Chile, are among the supported ones.

Customer Support

You will find dedicated 24/7 personalised support at PayRetailers, provided by an experienced team of multi-lingual expert professionals. The customer support service handles all client complaints and issues. On the other hand, operators that integrate the PayRetailers system through SoftGamings can leverage the round-the-clock services of our own customer support team.

Security

PayRetailers implements the latest security and encryption technology to protect sensitive information and transactions. The company fully complies with international fintech safety standards and has set up a strong anti-fraud, AML and KYC-handling system to detect even the slightest changes and irregularities.

Licenses

PayRetailers is licensed by the financial organisations in each of the countries where it has a presence, starting with Mexico and the Mexican National Banking and Securities Commission (CNBV), one of the first jurisdictions in the region to issue licenses of this kind. What’s more, PayRetailers is in the process of acquiring a European license as a payment institution.

FAQ

What are the key features of PayRetailers for the iGaming industry?

PayRetailers offers localised payment options, support for multiple currencies, seamless integration with casino aggregator platforms, and a customisable payment gateway tailored to the iGaming industry’s needs.

Is PayRetailers a licensed and regulated payment provider?

PayRetailers operates under the regulatory oversight of the Central Bank of Ireland, ensuring compliance with relevant financial regulations and maintaining high standards of security, transparency, and customer protection.

How does PayRetailers ensure secure transactions for its users?

PayRetailers employs advanced encryption, fraud detection, and risk management systems, thus safeguarding users’ data and transactions while providing a secure and reliable payment experience.

How does PayRetailers cater to the specific requirements of online casino operators?

PayRetailers focuses on offering localised payment solutions in various markets. That way, it facilitates access to a diverse range of payment options. The seamless integration with casino aggregator platforms simplifies the process for operators and enables them to enhance their payment infrastructure further.

You can purchase this product from SoftGamings by contacting our consultants.

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