FT. LAUDERDALE, Fla. — Segpay finished 2021 up 25% in overall growth, the company has announced, resulting in the best revenue year in its 16-year history.
"Segpay’s dramatic growth was fueled by its continued focus on the burgeoning CAM market and the integration of PayPal as a payment option for its clients in Europe," a rep explained.
The company is expected to make PayPal available as a payment option to its clients in the U.S. early this year.
"Throughout 2021, Segpay continued its compliance commitment as its team worked diligently to keep its merchants compliant and current on card scheme requirements," continued the rep. "From redirecting the processing path to the correct acquirer for both the U.K. and EU for Brexit to meeting the Strong Customer Authentication requirements (SCA) of PSD2, Segpay and its merchants remained fully compliant in 2021. Segpay also assisted its merchants to stay current with the new Mastercard regulations that impacted all user uploaded content and peer-to-peer websites."
CEO Cathy Beardsley noted Segpay has "always focused on putting our clients first and this year we invested significant resources to develop internal tools to better support our current merchants."
"All this focus on our current clients helped Segpay have its most successful year to-date, for which we are extremely grateful," she said.
The rep noted additional accomplishments in 2021, such as the implementation of “Segpay Segments,” a new payment option giving merchants "the freedom to customize and use their own compliant checkout page while still processing through Segpay, creating a seamless checkout process."
Sepay also launched its new "colorful, content-rich website designed to be viewed mobile-first and SEO-enhanced which has become a sales agent on its own by assisting potential merchants to become clients more easily," and expanded its payout solutions by adding Cosmo Payment, a program that allows both EU and U.K. merchants to "settle payments in USD, Euros and GBP and offers another solution for depositing funds to merchants for simple third-party payments."
Visit Segpay.com and direct inquiries to sales@segpay.com.
