Best for
Merchants that own and operate standard-risk or high-risk businesses in Europe and North America, and that are interested in ecommerce software for payment processing.
Specializes in
Paydoo specializes in providing merchant accounts and payment processing services to standard-risk and high-risk merchants in Europe and North America. This company does not offer its services to high-traffic retail or restaurant merchants.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Paydoo was founded in 2013 as a merchant account provider that works with merchants located in Europe and North America.
This company can process payments in any currency and works with merchants in more than 180 countries.
This company’s founder and CEO is Sam Kohli, and it is located in Lithuania.
Paydoo is a registered authorized Electronic Money Institution that is licensed by the Bank of Lithuania. Sam Kohli is the company’s founder and CEO, and it is headquartered in Lithuania. Paydoo has been in business since 2013.
Paydoo is a merchant account provider for various businesses, including standard to high-risk merchants. This company’s main focus is on working with ecommerce merchants to provide them with payment gateways and shopping cart integrations.
The company’s About Us page states that it maintains offices in several cities, including London, Riga, New York, and Vilnius.
Head Quarters
Ernesta Birznieka-Upīša iela 21, Latgales priekšpilsēta, Rīga, LV-1011, Latvia
Year Founded
2013
CEO
Sam Kohli
Employees
51-200
Merchant Provider Risk Tolerance
Assists businesses in Europe and North America.
Available to standard and high risk businesses.
Month to month contract terms.
Can process payments in any currency used.
Provides payment gateways and shopping cart integrations.
Not available to assist high traffic retail establishments or restaurants.
Only serves online sellers.
Does not provide hardware or equipment solutions.
No value added services provided.
No inside sales team.
Hardware & Software
Paydoo primarily focuses on payment gateways, and this company does not have any information on its website about hardware and payment processing equipment options. It advertises a RESTful open API architecture combined with a large global network of payment methods. This company promises Level 1 PCI Compliance, real-time reporting, and real-time fraud management support and solutions.
Paydoo offers many shopping cart plug-ins, including:
WooCommerce
Opencart
Drupal
Magento
Jigoshop
WP eCommerce
Prestashop
Value-Added Services
It does not appear that Paydoo offers any additional, value-added services for its merchant customers. Its main focus is on providing merchant accounts and payment processing services through its proprietary gateway.
The website does state that recurring payments and loyalty programs are available.
Supported Payment Types & Services
Paydoo’s merchant customers will be able to accept payments in every currency, and this company serves merchants in more than 180 countries.
The following types of card payments are supported:
Visa
American Express
Discover
Mastercard
UnionPay
JCB
Other payment methods include:
Debit cards
Prepaid cards
Various alternative payment methods
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
Paydoo does not publish its prices and fees on the company website. This is most likely because of the fact that this company works with so many different types of merchants, so its pricing structure will vary for each one.
High-risk merchants doing business with Paydoo will likely be subject to much higher rates than standard-risk merchants. They may also need to have cash reserves, and those that are processing payments through an aggregator model may be at risk of account closure in the event of excessive chargebacks or other issues.
As with most MSPs and ISOs, merchants doing business with Paydoo will have to pay transaction fees as well as a fee for access to the payment gateway or shopping cart integration.
Pricing Model
Unknown
Swiped Rate
Unknown
Keyed-in Rate
Unknown
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Unknown
Monthly Fee
Unknown
Payment Gateway Fee
Unknown
Batch Fee
Unknown
Early Termination Fee
Unknown
PCI Compliance Fee
Unknown
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
Unknown
Gateway Setup Fee
Unknown
Annual Fee
Unknown
Monthly Minimum
Unknown
Statement Fee
Unknown
Paydoo does not enter into long-term contracts with its merchant customers. Though the website does not specifically state anything about a contract, this typically means that merchants will work with this company on a month-to-month basis.
There is no information about early termination fees either, but these are usually non-existent in month-to-month contracts.
Contract Length
Month-to-month
Early Termination Fee
Unknown
The Paydoo website does not indicate how long it might take before a merchant is ready to accept payments. It does state that merchants should expect seamless integration, and for a payment gateway, standard-risk merchants may be ready to process payments within a week’s time.
High-risk merchants, such as CBD retailers and payday loan merchants, may take longer to approve for merchant accounts. These merchants should be prepared to wait up to 14 days for approval and access to the payment gateway and/or shopping cart integration API.
Paydoo has a Contact Us page on its website that has a contact form as well as email addresses and phone numbers for customer support.
BBB Rating
Paydoo does not have a profile on the Better Business Bureau website, and the BBB has not given them a rating.
Other Online Reviews
There are no online reviews available for Paydoo, which indicates that this company is not a ripoff or a scam.
BBB
N/A
1 Stars / 1 Reviews
4 out of 5 Based on the opinion of 8 people
Yelp
N/A
Total Online Reviews
1+
Total Online Complaints
10+
Lawsuits
Unknown
If you're in the market for a merchant account provider, be sure to check out our user reviews, our merchant accounts guide and our top popular merchant provider picks