European Summit Recap

The Segpay team is back from the European Summit in beautiful Lisbon, Portugal, and we wanted to share some of the key themes that came out of this year’s show.

First off, payout solutions for affiliates, cam models, etc. As in, they are needed. 🙂 This isn’t ground-breaking news, of course, but we heard it again – loud and clear – throughout the four days in Portugal. We should have some good news on that front fairly soon: we plan to beta test a solution for US affiliate payouts very soon, and hope to preview a version to pay EU affiliates later this year. Please email [email protected] if you’d like to get a sneak preview as a beta tester. More details to come soon.

Another recurring theme was the challenge in getting USD settlement accounts at Europe-based banks. Everyone is looking for them and they are not easy to find. Segpay recently informed merchants based in Europe that we are only settling funds in Euros for now, with the option of converting to US Dollars. It’s an issue that has been on our radar for over a year. We continue to be on the lookout for options while cautioning everyone not to get their hopes up, at least for now.

Thanks to the folks at the Euro Summit for arranging such a fun and informative event! Next stop, the Phoenix Forum later this month.

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