Paysend announces the launch of Paysend Store for merchants in the UK

By Joy Dumasia

Paysend, the UK-based FinTech with over 7m customers, announces the launch of the Paysend Store for merchants in the UK. The free, no-code solution enables entrepreneurs in the UK to set up an online store and immediately start selling their products with no technology development or third-party IT integration required.

This follows the June launch of Paysend Business, an end-to-end payments solution that gives small and medium-sized enterprises (SMEs) the tools they need to send and accept payments globally. The addition of Paysend Store builds on Paysend’s portfolio of tools that help entrepreneurs to get their business off the ground, reach new customers and enter the eCommerce market.

Through Paysend Store, SMEs can do everything from create their website and fully customise their online store and product information to engage with their customer base through personalised promotions. Client orders can be seamlessly managed, and performance analytics can help users to make informed decisions on how to grow the business. Additionally, through integration with Paysend Business users can access additional tools and utilise Paysend’s payment gateways to accept payment methods such as credit cards, debit cards, Apple Pay and Google Pay.

Ashley Mallett, Head of Business at Paysend, said: “Previously, the online route to market for many entrepreneurs and SMEs was fragmented, complex and inefficient, with business owners having to manage multiple separate elements of their eCommerce offering from website, design, marketing and payments processing as well as integration of those individual elements. Paysend Store removes that inefficiency and provides an easy-to-use one-stop-shop for UK SMEs to create, manage and grow their e-commerce business using a single platform.

With the added benefit of access to Paysend’s new Business solution, users of Paysend Store can access payments online in over 38 currencies and from over 190 countries globally, as well as next-day settlement, multi-currency accounts and payouts to cards. These additional features provide SMEs with the tools to grow, scale globally and be more cost-effective in their operations while allowing them to focus on the most important thing of serving their customer needs and growing their business.”

Recently, IBS Intelligence reported that Paysend, the UK-based FinTech with over 7m customers, announced that 50 new receiving countries had been introduced to its global payments network since the start of 2022. These additional payments corridors mean Paysend customers can send money to over 170 countries worldwide.