QuadraPay Offers Low Cost Payment In Spain.
Quadrapay is proud to offer a low-cost Spain Payment Gateway for eCommerce merchants. Since December 2016, we have been assisting global merchants. Our payment processing solution providers fully comply with the latest PCI DSS standards. These solutions are super excellent for Spain-based eCommerce merchants.
With incredibly high uptime, our card processing gateways can offer maximum conversion and reduce losses. Spanish merchants can rest assured that the fraud will be on the lower side with proactive AI-driven fraud filtering.
Most merchants in Spain require Payment Gateways to accept credit debit card transactions. The most common Payment modes in Spain include credit card, debit card, Sofort, Sepa, and Teleingresso.
Cheat Sheet To Get A Spanish Payment Gateway
For a Spanish Merchant Account or Payment Gateway, the business must have KYC documents and a fully functional website. Quadrapay will be happy to assist you in finding a reliable payment gateway in Spain. Our Merchant service consultants will identify the best PSP or IPSP and let you know.
Some Key KYC Documents Needed For Credit Card Merchant Account In Spain.
- Business Registration Document. Your business can be registered anywhere in the European Union.
- Physical Address. Credit Card Processing Companies will need proof of physical address. PSPs don’t like virtual Addresses.
- Proof Of Nationality. A merchant can be a Spain Resident or a citizen of any other EU nation.
- Bank Letter or Copy Of Void Check or Bank Statement. You can share the Bank statement that you get from your Spain Bank. You can have a Business Bank Account Anywhere in the EU.
Spanish Credit Card Payment Processing Trends
Nowadays, Spanish people mostly use credit and debit cards as the preferred mode of payment processing. There are two main ways of accepting credit/ debit card transactions. The first one is to receive cards in-store by using a POS machine. The second way is to make transactions online using a mobile app or website.
Due to the vast retail business, there is a high demand for POS devices and mobile pos terminals in Spain. These devices are widely used as they can readily accept local and international credit/debit cards.
Quadrapay Partners offer retail as well as online card processing solution. Because of the pandemic impact, more merchants and customers prefer contactless payments. This has fueled the sales growth of eCommerce merchants.
Spanish Merchant Accounts And Fraud Control
Some merchants in Spain may be classified as High-Risk Merchants. These merchants may be attracting high chargeback to sales ratio or operating in a high-risk band industry. These merchants find it challenging to get payment gateways and merchant accounts, but sometimes they may obtain credit card processing solutions.
If a merchant from Spain struggles with a high CB ratio, that merchant should evaluate various chargeback alert services. Quadrapay’s team helps merchants in finding cost-effective CDRN services. If you are using a high risk merchant account in Spain, you must use CDRN services. This can help you in reducing the risk level of your merchant account.
At Quadrapay are confident that a massive number of Spanish eCommerce websites have a real global game-changing potential. Quadrapay Is Ready To Serve Credit Card Merchants from Spain. Our team will be happy to help you make it easy for you to accept credit and debit cards online for your Spain-based business.
We work actively with various processing companies interested in offering Low and high-risk merchant accounts in Spain. If you need a retail credit card terminal or online card processing option, we will assist you.