Mangopay - 2026 Pricing, Features, Reviews & Alternatives

The wallet-based infrastructure

Our e-wallets function as virtual money containers, facilitating the holding and management of both user funds (owned by individual users) and platform funds (controlled by the platform). Mangopay handles the payments via an API, which is integrated into platforms' app or website. Our API acts as a payment gateway and we deal with everything needed to make payments happen: card issuers and networks, banks, payment methods, technical protocols, and so on. Our clients use our e-wallets to implement various strategies such as instant seller bonuses, simplified refund processes, and pre-paid wallets to engage users and retain funds within the platform.

Core features:

• Users and platforms can create as many e-wallets as they need instantly via our API
• We enable the holding of funds for any duration without any restrictions on the amount
• Platforms can distribute funds among multiple parties, customizing distribution based on their unique business model.
• Our system uses virtual IBANs for automated reconciliations and local payment experiences.

Payments

Platforms can accept a variety of payment methods - including card payments, account-to-account payments, pay later, and more - offer their users localized payment experiences, capture more revenue, and streamline payments operations.

Core features:

• A customizable Checkout SDK to optimize local payment experiences and increase conversions
• Multiple payment methods and currencies are supported, ensuring a global reach
• Payments authorization, capturing, and reconciliation
• A flexible payment infrastructure that platforms can plug into their own stack to build custom payment flows

Payout

Platforms can send fast and cost-effective payouts to sellers, vendors, or suppliers in local currencies.

Core features:

• Global payout network
• Payouts in multiple currencies, whether they're instant, international or local payouts
• Automate when to pay and in what currency

Identity (KYC)

We offer a hosted KYC solution, which means platforms can integrate it with minimal engineering effort and enable their business partners, sole traders, and businesses - to onboard through self-verification and global ID verification.

Core features:

• Self-enrollment - platforms can generate unique KYC links to enroll themselves in the verification process.
• Global ID verification: coverage for 40 languages and 195 countries
• Advanced verification methods: selfie and liveness checks, document capture, and business registry verification.
• Compliance with GDPR and other relevant regulations by managing data collection independently where necessary, reducing legal risks for platforms.

FX

Our FX suite equips platforms to implement multi-currency pricing, exercise control over treasury and liquidity management, enable currency conversion for users, streamline global payouts, and more. We offer two distinct FX management services:

Spot FX – Ideal for immediate currency exchanges between e-wallets, this solution enables access to real-time exchange rates through our API

Guaranteed FX – Platforms can lock in FX rates for a brief period and fulfill quotes without any obligation.

Core features:

• Currency conversion for both platform funds and user funds
• Real-time exchange rates
• Embedded FX at any point in your payment flow
• Competitive exchange rates
• Optional fees parameter, allowing platforms to charge users for FX services and customize their fee structure
• The option to add markups on each transaction to increase revenue.

Fraud prevention

Our AI-based fraud prevention solution helps platforms, merchants, and fintechs to detect various types of fraud in real time, such as account takeover, account opening fraud, CNP fraud, first-party misuse, and many more.