We provide a built-in KYC process to verify all of your merchants and prevent fraudulent payments via your platform.
Let your merchants verify card payments with 3D-Secure for an additional layer of authentication to prevent fraud.
Payyo is enabled by SIX, a PCI II compliant payment service, and rated A by Moody Credit Rating.
3D Secure is an extra safeguard against fraud. It's supported by most card issuers, and requires cardholders to complete an additional verification step before a payment is confirmed.
This covers you and your merchants against fraudulent payments, as the card issuer assumes full responsibility for payments authenticated by 3D Secure.
Payyo enables you and your merchants to require 3D Secure for transactions if you wish to do so.
Know Your Customer (KYC) procedures assess and monitor customer risk and are a legal requirement to comply with Anti-Money Laundering (AML) Laws.
This also helps to prevent fraudulent payments via your platform or marketplace, which can negatively affect your business.
To adhere to KYC obligations, we collect and maintain information on all merchants that process money via Payyo. We do this through a user-friendly, built-in KYC process that all of your merchants need to complete before receiving payouts.
"Payyo helps us to empower our customers to accept all kinds of payments, no matter where they are in the world and at competitive credit card rates."
Get in touch now to talk to our team.