Their platform supports various payment solutions, including card payments, e-wallets, and bank transfers, and is designed to provide a seamless checkout experience.
The company also offers multi-currency accounts, customizable checkouts, and a range of plugins to ensure the platform can be up and running quickly within your CMS.
Transaction fees are a little higher than the likes of Go Cardless (2.4% vs 3.2% offered by Fondy), but supporting products might make the product worthwhile.
Overview
Transaction fees | Refund Fees | Settlement timeframe | International markets |
|---|---|---|---|
3.2% + €0.25 | €0.60 | Next working day | 35+ countries and 20+ currencies |
- In-app payments let you integrate payments into your mobile apps
- Global coverage with 35 countries and 20 currencies, combined making over 200 supported countries
- 21 integrations through plugins into CMS systems, accounting software, and custom software through API
- Only available to businesses registered in the UK or EU.
Features | Insight |
|---|---|
Multiple payment methods | Allow customers the flexibility to use any payment method |
Customization | Payment checkouts can be designed and optimized for your user needs and reduce cart abandonment |
Multi-currency support | Make and take payments in multiple payments |
IBAN accounts | Benefit from faster processing times with access to Fondy IBAN |
Integrations & plugins | Integrate Fondy payments into your existing e-commerce marketplaces or CMS platforms through plugins, API, and in-app payments |
Real-time analytics | Get real-time data into payments, invoicing, customers, billing and more |
Multi-account payouts | Receive full or split payments from multiple parties, as well as automate KYC/KYB checks |
Invoicing | Invoices can be generated without third-party integrations directly from within Fondy |
Fondy fees and general costs
Fondy has a straightforward fee structure, with custom options also available. Most of their fees fall into three categories:
Payment Acceptance
Virtual IBAN & Business Accounts
Split Payments & Payouts
Service | Fee |
|---|---|
Standard Account | Monthly fee of €10 |
Inbound Faster Payments | Free |
Inbound CHAPS | From €25 |
Outbound Faster Payments | From £1 |
Outbound SEPA | From €1 |
Although there is a monthly fee, it is lower than similar companies offering similar solutions. For example, Rapyd charges $99/month.
Additional and other fees
Service | Fee |
|---|---|
Domestic debit cards | 1.4% + €0.25 |
Domestic credit cards | 1.4% + €0.25 |
EEA debit cards | 2% + €0.25 |
EEA credit cards | 2% + €0.25 |
International debit cards | 3.2% + €0.25 |
International credit cards | 3.2% + €0.25 |
Refund | €0.60 |
Settlement | €5.00 |
Chargeback | €30.00 |
Eligibility
Business types
Countries
Products offered by Fondy
Settlement periods, refund costs, and card fees can still be very low for international payments.
Keith HodgesSeptember 4th, 2024.png)
Reduce the overall cost of incoming payments and opt for a cross-border payment solution designed to save your business money, not spend it.Keith HodgesSeptember 4th, 2024
This is because currency conversion fees with banks will not be paid, and accounts can be synced to central accounting and inventories to get a clear view on the value different marketplaces are providing.Keith HodgesSeptember 4th, 2024
Using a multi-currency account provider allows businesses to utilize local accounts, and IBAN accounts and ultimately reduce cost.Keith HodgesSeptember 4th, 2024
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Signing up for Fondy
Register for an Account
Visit the Fondy registration page and fill in the form with your email, password, and phone number, and then click "Sign Up."
Verify Your Email and Log In
Check your inbox for a verification email from Fondy.
Click the link in the email to confirm your email address.
Once verified, log in to your Fondy account using the credentials you created.
Set Up Your Business Account
Once logged in, proceed to set up your business account by visiting the Business Account Setup page.
Enter your business details, including the name, type, and necessary financial information.
You may also need to upload documents such as proof of identity and business registration to complete this step.
Integrate Fondy and Go Live
After setting up your business account, integrate Fondy with your website or app using the provided APIs, plugins, or hosted payment page options.
Test the integration with the test credentials provided to ensure everything works correctly.
Once you’re satisfied, switch to live mode in your Fondy dashboard, allowing you to start accepting real payments.
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