PAGONXT EMONEY EDE, S.L. (Spain) is an electronic money institution authorized and regulated by the Banco de España. PAGONXT EMONEY EDE is focused on providing payment infrastructure. The company offers payment gateways, banking as a service to companies, merchants, institutions.
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, PAGONXT EMONEY EDE, S.L. is assigned the overall rating 2.92 (average) which is explained in details below.
Operating Environment
Friendly
(3.74)
Product Range
Broad
(3.81)
Market Niche
Average
(3.05)
Company Background
Poor
(1.98)
Customer Support
Poor
(1.92)
Customer Sentiment
n/a
Transparency
Average
(3.39)
Overall Rating
Average
(2.92)
TheBanks.eu has also identified the following pros and cons of the company:
Pros
Broad product range
Cons
Poor customer support Poor company background
Gelnet Payment Gateway
Supports all popular payment methods API-based integration PCI DSS Level 1 certification Payment pages Recurring transactions for credit cards, PayPal & SEPA Revenue optimization Fraud detection and management Management dashboard
Accepted Payment Methods
Payment gateway offered by PAGONXT EMONEY EDE allow to accept the following payment methods:
sofort
wire transfers
PAGONXT EMONEY EDE White-Label Solutions
White-Label Options
White-Label Banking White-Label Cards
Cooperation Options
Separate License
Dedicated IBAN
not available
UK Account Number
not available
Banking as a Service Features
Local collections in key regions: EU and Latin America Fast payments - local and global FasterPayments, BACS, CHAPS, Target 2, SWIFT Global multicurrency accounts
Competitive & transparent FX FX in 140 currencies Accept payments from your customers in their preferred currency Payment tracking
Customer Groups
Fintechs.
Banks.
Businesses.
Supported Platforms
API
Cooperation Options
Separate License. PAGONXT EMONEY EDE assists the company in obtaining Banking/EMI license from the Banco de España.
issuance of electronic money placing cash to a payment account withdrawing cash from a payment account execution of payment transactions on a payment account (not covered by a credit line) execution of payment transactions on a payment account (using a credit line) issuing payment instruments or acquiring payment transactions money remittance account information services payment initiation services
PAGONXT EMONEY EDE, S.L. is authorized by the Banco de España as a e-money institution (reference number 6722) for issuance of electronic money, distribution and redemption of electronic money, execution of payment transactions on a payment account (not covered by a credit line), account information services; the authorization was granted on 31 August 2022.
Funds Safeguarding
Yes
Deposit Guarantee
No
PAGONXT EMONEY EDE, S.L. is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, PAGONXT EMONEY EDE is required to safeguard its customers’ money.
EEA Passport
Yes
Due to EEA passport rules PAGONXT EMONEY EDE, S.L., can conduct its activities in any of the 30 EEA member states.
We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.
Customize Cookies
We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.
Necessary Cookies
Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.
Analytical Cookies
Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.
Advertising Cookies
Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.