Openpay is a payment processor (PSP) that allows users to make online payments in a safe and simple way. The platform has various features, such as the ability to pay for products and services online, receive payments from third parties, or make transfers.
It can be used by large and small businesses, which makes it easier to receive payments through their websites. With a single integration, it combines a cutting-edge platform that allows you to receive payments with cards, in cash, with loyalty points or by bank transfer. In addition, Openpay uses advanced tools to prevent fraud.
This payment processor was developed in 2013 by the Argentine company Openpay S.A. and in 2016, the platform was acquired by BBVA. It arrived in Mexico in 2020 and already has more than 6,000 clients and manages a network of more than 12,000 points of sale thanks to its Paynet network, which allows users to pay in cash for online purchases.
Openpay is expanding to other South American countries, such as Chile and Uruguay, thanks to its alliance with Redeban, the largest payment network in Latin America.
How to implement Openpay?
Using this payment processing platform is very easy to implement. All you need to do is add a unique code that incorporates the processor to your online store, which you obtain directly by registering on their website. With this simple step, you can receive payments with credit cards, debit cards, and other means as long as the user has a bank account.
Benefits of using Openpay
Openpay differs from other similar options in that it is not only easy to implement and use, but also can be used by people without experience with digital payment technology. You can offer your customers a quick and easy way to pay for their purchases. The electronic platform is secure and offers unique features to boost your business:
Easy to use
The platform is designed to be simple. It includes basic payment collection functions, as well as advanced features that developers can use with just a few clicks.
Your users can open an Openpay account without any problem, it is very simple and it is free. They just have to visit the platform's website, fill out a form with their personal information, and accept the terms and conditions. Once they have opened their account, they can start using it immediately. It will allow them to save time in the purchase of products and services online because by opening a single account, buyers can receive payments from multiple sellers.
Easy integration
Openpay integrates easily with any website or online store. Just insert a few lines of code and you'll be ready to receive digital payments.
Loyalty points
Your customers can increase their loyalty account each time they buy with the platform, and these points accumulate to obtain discounts, gifts, and incentives.
Guaranteed security
The Openpay platform uses cutting-edge technology to ensure that payments are made with absolute security. Security features include two-step verification and SSL 3 encryption and PCI DSS to ensure the security of your users' transactions. It also uses that same technology to identify who are the most trusted sellers; Openpay will be constantly rating you, so if you have a good rating, your customers will feel more confident when buying your products. All transactions made are visible on the platform, allowing you to monitor your data constantly.
Low fees
Its fees are lower compared to its competitors. In each transaction, Openpay offers a rate of 0.5%, and also does not charge for money withdrawal fees or any commission for receiving payments with credit cards, debit cards, or bank transfers. Additionally, you can receive payments and invoices easily, quickly, and cheaply.
Accepts most cards
OpenPay accepts debit and credit cards from all banks in Mexico. Additionally, it accepts international credit cards from American Express, Carnet, MasterCard, and Visa.
Payments available worldwide
The platform works in all countries. It is not necessary to have a physical address or additional verification process. In this way, it is a flexible and adaptable service for any company or organization.
Works on mobile devices
Openpay can be used on all devices, including smartphones, tablets, and laptops.
24-hour customer service
You can use the customer service, where they will help you solve any questions or doubts you have about the platform. Openpay offers training, support, and a step-by-step guide so you can start using it as soon as you need it.
Disadvantages of OpenPay
Slow process
Some users indicate that the payment process with Openpay is a bit slower than with other online payment methods.
But despite its disadvantages, Openpay is a reliable and accessible payment processing platform for all businesses. It is perfect for companies that are looking for a secure payment processing solution with low commission. The platform has an excellent price-quality ratio and has an efficient and professional customer service.
All of this indicates that Openpay is an excellent option for starting online projects. The fact that it is an easy-to-use system, not too expensive, and with which you can earn the trust of users makes it a good choice. If you are thinking of using Openpay for your business, be sure to make a very good comparison between the pros and cons to see if it is suitable for you.
