Payshop

Payshop is a voucher-based payment system that allows consumers to shop online while paying in-store using their preferred payment method, including cash. Payshop targets consumers in Portugal, where only 34% of the population owns a credit card. This low saturation creates a barrier to e-commerce, and Payshop helps lower that barrier.

When Portuguese consumers shop online, they select the Payshop logo at checkout. Instead of receiving a receipt, they receive a 13-digit code that they can take to a participating store. There, they pay with cash, and the online merchant receives payment confirmation and completes the order.

For merchants, accepting payments with Payshop is simple and secure. Merchants can use their own website or mobile app to process payments without having to worry about the technical details of integrating with a payment processor. It also offers a variety of ways to customize the payment process to fit your business needs.

Payshop uses bank-level encryption to ensure sensitive information is always protected during the payment process. They also offer 24/7 customer support if any issues arise.

The main advantages of Payshop include:

• ‌Connecting offline and online‌: Payshop works with Stripe to manage the payment information of Shopify stores and help companies process payments.
• ‌Save payment information‌: Customers can save credit card information and address information, so they don’t have to re-enter it the next time they shop, simplifying the checkout process.
• ‌Improve payment security‌: By cooperating with well-known payment companies, Payshop provides a secure payment environment to ensure transaction security.

In the Portuguese e-commerce environment, Payshop has a wide range of application scenarios. Zalando, the largest B2C e-commerce platform in Portugal, and other commonly used online shopping websites such as Amazon and Euronics all support a variety of online payment methods, including credit cards, debit cards, mobile commerce and e-wallets. The existence of these payment methods allows Portuguese consumers to shop online conveniently.