Mangopay is a payment solution for marketplaces and crowdfunding sites, allowing secure sequestration of funds transiting through your marketplace.

Mangopay allows in particular:

Management of several currencies
Sequestration and distribution of funds seamlessly according to your business model
Management of deferred payments
KYC procedure and anti-money laundering controls meeting European regulatory requirements

1. How to create a MANGOPAY account?

Before you start using this payment solution, you must submit certain documents to Mangopay. Refer to their website to contact their sales team.

To start processing payments with MANGOPAY, you must follow these steps:

Create your company account on the Mangopay website
Download your KYC documents
Request and sign your contract
Publish the Mangopay terms and conditions on your marketplace

2. What you should know before using MANGOPAY

To use Mangopay, your company must be registered in one of the countries of the European Economic Area
Only marketplaces, crowdfunding and collaborative economy platforms can use their API
MANGOPAY does not accept companies making bets, games and adult content.
Their legal department reserves the right to refuse your activity
They activate production accounts from Monday to Friday noon

Once your Mangopay account is created, you can learn more about how to connect your payment solution to Kreezalid with this article.

Updated on: 13/09/2023