Low-Cost Spain Payment Gateway. Process In EU and Outside EU
Quadrapay is proud to offer low-cost Spain Payment Gateway for eCommerce merchants. Since December 2016, we have been assisting global merchants. In 2019 we signed up as strategic partners of few large acquiring institutions in the European Union. These Large acquirers are open to Spanish Merchants. Since we work with multiple providers, our merchants get to negotiate better rates. All of 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, these card processing gateways can offer maximum conversion and reduce losses. With proactive merchant account monitoring Spanish merchants can rest assured that the fraud will be on the lower side.
Most merchants in Spain require Payment Gateways to accept credit card transactions. The most common Payment modes in Spain include credit card, debit card, Sofort, Sepa and Teleingresso. The good news is that all our payment providers support cards as well as APMs. The most common method of payment in Spain is the online credit debit card processing.
Cheat Sheet To Get A Spanish Payment Gateway
For a Spanish Merchant Account or Payment Gateway, the business must have the required 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. Honestly, your business can be registered anywhere in the European Union.
- Physical Address. Credit Card Processing Companies will need proof of physical AddressAddress. PSPs don’t like virtual Address.
- Proof Of Nationality. Merchant can be Spain Resident or a citizen of any other EU nation.
- Bank Letter or Copy Of Void Check or Bank Statment. 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 In 2021
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. First one is to receive cards in-store by using a POS machine. The second way is to make transactions online through the internet using mobile App or through websites. In Spain, Due to the vast retail business, there is a high demand for POS devices and mobile pos terminals. 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 contact less 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 they may be operating in a high-risk band industry. These merchants find it challenging to get payment gateways and merchant account, 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, then you must use CDRN services. This can help you in reducing the risk level of your merchant account.
Why Spain Is A Focused Ecommerce Market For Quadrapay
Spain is home to 46.44 million people with a total GDP of 1.24 trillion USD and GDP per capita of 27,551 USD. There are currently 24.77 million e-Commerce users in Spain. Internet penetration in Spain is now 66.2 %. In Spain, 94% of people buy products online, making it an excellent destination for online business. So much e-commerce business also attracts various global investors to invest in Spain. 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. No matter if you need a retail credit card terminal or online card processing option, we will assist you. Feel free to send us your questions at [email protected], or you can also call our support number. Whatsapp/Telegram us on +91 9643614168. You can even fill the contact form on this page to get in touch with a Spanish Payment Gateway Expert.