Enhancing Marketplace Payments in Europe
Mirakl has partnered with Mangopay to enhance its Mirakl Payout solution in Europe. This collaboration integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities into Mirakl Payout, improving payment processes for marketplaces.
Streamlining Payment Operations
Mirakl Payout provides a fully automated and transparent solution for managing complex payment flows. This includes seller onboarding, KYC, payments, refunds, transaction matching, and managing multiple payment sources. By streamlining payment operations, Mirakl Payout ensures a seamless financial experience for market operators, offering control and visibility over every transaction.
Modular Payment Technology
Mangopay specializes in modular and integrable payment infrastructures for leading platforms worldwide. With over 100 billion euros in transactions processed and more than 250 million users supported, Mangopay solutions enable platforms to create customized payment systems. These systems facilitate business growth, improve user experience, and prevent fraud.
Simplifying Seller Registration and KYB Processes
By leveraging Mangopay technology, Mirakl Payout simplifies seller registration and KYB processes. This accelerates payments to sellers and ensures compliance with regulatory requirements. The streamlined approach allows operators and sellers to collaborate more easily and efficiently, driving accelerated growth and opening up new revenue opportunities.
Expert Insights
Sophie Zellmeyer, Director of Payout and Global Payment Partnerships at Mirakl, stated, “Mangopay is a trusted partner of Mirakl, already supporting several of our main marketplaces across Europe. With its innovative e-wallet infrastructure and strong compliance capabilities, Mangopay is an ideal partner for Mirakl Payout in Europe. Together, we streamline payments, enabling platforms to increase volume and scale more efficiently.”
Mark Fleming, Commercial Director of Mangopay, added, “Mangopay and Mirakl have had a successful partnership for over a decade, and we are delighted to enhance our collaboration. Together, we support the growth of the marketplace sector through innovation and specific solutions for platforms and their users.”