FT. LAUDERDALE, Fla. — Segpay, a leader in digital payment processing, on Tuesday announced that it finished 2021 up 25% in overall growth, resulting in the best revenue year in the company’s 16-year history.
Segpay’s dramatic growth was fueled by its continued focus on the burgeoning cam market and the integration of PayPal as a payment option for its clients in Europe. Segpay will make PayPal available as a payment option to its clients in the U.S. in early 2022.
Throughout 2021 Segpay’s continued its compliance commitment as its team worked diligently to keep its merchants compliant and current on card scheme requirements. From redirecting the processing path to the correct acquirer for both the UK and EU for Brexit to meeting the Strong Customer Authentication requirements (SCA) of PSD2, Segpay and its merchants remained fully compliant in 2021. Segpay also assisted its merchants to stay current with the new MasterCard regulations that impacted all user uploaded content and peer to peer websites.
“We have always focused on putting our clients first and this year we invested significant resources to develop internal tools to better support our current merchants,” said Segpay CEO Cathy Beardsley. “All this focus on our current clients helped Segpay have its most successful year to-date, for which we are extremely grateful.”
Among Segpay’s other accomplishments in 2021:
•Implementation of a new payment option, “Segpay Segments” giving merchants the freedom to customize and use their own compliant checkout page while still processing through Segpay, creating a seamless checkout process.
•Launched its new website designed to be viewed mobile-first and SEO enhanced which has become a sales agent on its own by assisting potential merchants to become clients more easily.
•Expanded its pay-out solution by adding Cosmo Payment, a program that allows both EU and UK merchants to settle payments in USD, Euros and GBP and offers another solution for depositing funds to merchants for simple third-party payment.
•Grew the Segpay employee base in South Florida and in its EU headquarters in Ireland.
