Mangopay – Split Payments
Are you fed up with handling the payments flow and the gruesome calculations of splitting every transaction between you and your tutors?
Free Installation
Installation Duration : 10 to 12 Business Days
Automate your payments with Mangopay
MANGOPAY is a well-managed online payment technology designed for marketplaces, crowdfunding platforms, and sharing economy businesses. It allows you to create a payment flow that suits your business model and integrate multiple currencies in your payment gateway. It also automatically splits the payments between you and your tutors.
On top of popular payment methods like Visa, Maestro, Mastercard, MANGOPAY also accepts various other payment options. Here is the list:
Diners Club & BanContact, Klarna Sofort/ Pay Now, Giropay, iDeal, Pay-in bankwire, Paylib, and more.
Why use MANGOPAY?
MANGOPAY gives you a plethora of reasons to get on board. Here are a few:
- Mangopay understands the importance of cyber security and has integrated multiple anti-fraud and money prevention tools to keep your hard-earned money safe.
- Once the customer in your tutoring platform makes the payment, Mangopay automatically splits the payment into two parts and transfers it to the e-wallet of the admin and the tutor. After reaching the respective e-wallets, it is then transferred directly to the individual bank accounts of the admin and tutor.
- The entire splitting process is automatic and hassle-free; you just have to set the percentage you want the money to be split.
- It takes the minimum amount of time to process a payout. MANGOPAY usually takes 2-5 days to complete a payout depending on the type of currency involved.
Best suited for
Mangopay is an ideal payment gateway for European tutoring platforms and marketplaces as:
- It aligns with the European and local bank regulations.
- It also automatically verifies your user base following the latest European and local laws.
- It accepts multiple currencies like EUR, USD, AUD, CAD, CHF, SEK, NOK, PLN, DKK, CZK.
Unlock the true potential of hassle-free payments with Mangopay.
How Mangopay Works
Once a seller/tutor feeds their details on your website, MANGOPAY uses the information to create a wallet for the seller/tutor automatically.
Similarly, once a buyer/student feeds their details on your website, MANGOPAY uses the information to create a wallet for the buyer/student automatically.
To make a payment, the student pays into their wallet created by MANGOPAY.
Once the buyer/Student receives his item/selected course, the payment is split between the owner and the tutor. In short, MANGOPAY transfers the funds from the buyer’s wallet to the Seller’s wallet.
The owner gets their fees on this operation, and the seller/tutor can cash out the collected funds to their bank account.
FAQs
How can I create my desired payment flow?
You can design your payment flow using features like multiple payment methods, integration of different wallets, and the use of cash-in and cash-out for collecting and dispatching funds. To know more, click here.
How and when does MANGOPAY collect its fees?
MANGOPAY automatically transfers your fees to your bank account minus MANGOPAY’s fees at the end of every month. The price can vary according to the payment methods used. Click here to know the pricing details.
What currencies are supported in MANGOPAY?
MANGOPAY accepts multiple currencies like EUR, USD, AUD, CAD, CHF, SEK, NOK, PLN, DKK, CZK.
How do I enable more currencies?
If you are using the bank wire payment method, all the currencies will be pre-included. For enabling different currencies for card payment, you can contact the sales team at sales@mangopay.com.
How long does it take to receive a payout?
MANGOPAY usually takes 2-5 days to complete a payout depending on the type of currency involved. Visit here to know more about the payout duration.
How to contact MANGOPAY?
You can directly contact the sales team by dropping a mail at sales@mangopay.com or visiting this page.
Talk to our team for any customization
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Give us a call – +1 408-909-5136 or drop an email below.