LiqPay

What is LiqPay and what do they do?

LiqPay is a comprehensive payment service provider based in Ukraine, created by the financial company PrivatBank. It facilitates various types of online transactions, enabling merchants to accept payments from customers through multiple channels such as bank cards and e-wallets. The platform supports both local and international payments and provides additional functionalities like recurring payments, refunds, and payment for online services.

LiqPay's core offering includes:

• Payment Processing: Enabling online merchants to accept payments from their customers easily and securely.
• E-Wallet Integration: Users can fund their accounts and make payments using an electronic wallet, increasing flexibility in transaction methods.
• Mobile Payments: Supports payments made via mobile devices, catering to the growing trend of mobile commerce.
• API Access: Provides developers with the tools to integrate LiqPay functionality into their applications or websites seamlessly.

Who is it for?

LiqPay is commonly used by a variety of industries including e-commerce, retail, travel, and digital goods. It serves businesses of different sizes, from small startups to larger enterprises, that operate within or beyond the Ukrainian market. Particularly, it is popular among merchants looking for reliable payment solutions that offer both customer support and ease of integration.

Why do businesses choose LiqPay?

Businesses choose LiqPay for several verified strengths and benefits:

• Multichannel Payment Solutions: LiqPay enables merchants to accept various forms of payments, including Visa, MasterCard, and local payment methods, which allows them to cater to a wider customer base.
• User-Friendly Interface: The platform offers an intuitive user experience for both customers and merchants, making it easy to navigate and manage transactions.
• Comprehensive Reporting: LiqPay provides robust reporting features, which enable businesses to track sales, refunds, and other crucial metrics easily.
• Fast Transactions: The platform is designed to process transactions quickly, helping improve cash flow for businesses.
• Currency Support: LiqPay supports multiple currencies, allowing businesses to operate internationally without dealing with complex conversion issues.
• Security Features: LiqPay employs advanced security measures like 3D Secure technology to protect transactions against fraud, providing businesses and their customers with peace of mind.
• Easy Integration: The technical infrastructure of LiqPay allows for straightforward integration with existing online platforms and shopping carts.

Businesses using Corefy can simply obtain a MID from LiqPay and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is LiqPay trustworthy?

LiqPay operates under the licensing of PrivatBank, one of the largest banks in Ukraine. This affiliation adds a layer of trustworthiness to its operations. The payment service is compliant with international PCI DSS standards, which are essential for protecting card information during online transactions. This compliance reassures merchants and consumers that their sensitive data is handled securely. Additionally, LiqPay employs encryption and other security technologies to safeguard user information and reduce the risk of fraud or data breaches.