The next generation payment system for e-commerce
In 2020 Shieldpay Group grew the Paycast business case from inbound enquiries from within the e-commerce and merchant services sector, into the use of Shieldpay’s payments platform.
Working closely with some of the world’s largest acquirers we developed a solution that will allow businesses to use our service to pay sellers in a compliant manner, without the need to be regulated as per PSD2.
Two of the largest acquirers, Barclaycard and PayU have signed up to utilise the Paycast platform from 2021 onwards. Combined with their own leading gateway and acquiring services, these partnerships will revolutionise the sector by offering a fully-compliant combined solution to merchants.
Recent changes to PSD2 regulations do not allow businesses to accept payments from buyers and make payments on the same platform to sellers, without being regulated.
Platforms and businesses are faced with:
Risk of non-compliance due to new regulation
Existing complex buyer-side payment integrations
High barriers to entry to facilitate payments themselves
Limited pay-out options with bespoke, complex integrations
Huge difficulties in settlement to sub-merchants
Paycast's easy-to-use platform works alongside any payment service provider to enable payments to your platform users. We work with with acquirers and your platform to receive and disburse funds.