Segpay Surges Into New Year With 25% Year-Over-Year Growth

We wanted to share that Segpay finished 2021 up 25% in overall growth, resulting in the best revenue year in the company’s 16-year history. 

Our dramatic growth was fuelled by our continued focus on the burgeoning CAM market and the integration of PayPal as a payment option for our clients in Europe.  We will make PayPal available as a payment option to our clients in the U.S. in early 2022.

Throughout 2021 we continued our compliance commitment, the team worked diligently to keep merchants compliant and current on card scheme requirements. From redirecting the processing path to the correct acquirer for both the UK and EU for Brexit to meeting the Strong Customer Authentication requirements (SCA) of PSD2 to keep our merchants fully compliant in 2021.  We also assisted our merchants keeping them current with the new MasterCard regulations that impacted all user uploaded content and peer to peer websites.

“We have always focused on putting our clients first and this year we invested significant resources to develop internal tools to better support our current merchants,” said Segpay CEO Cathy Beardsley.  “All this focus on our current clients helped Segpay have its most successful year to-date, for which we are extremely grateful.” 

Among our other accomplishments in 2021:

  • Implementation of a new payment option, “Segpay Segments” giving merchants the freedom to customize and use their own compliant checkout page while still processing through Segpay, creating a seamless checkout process.
  • Launched our 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.
  • Expanded our pay-out solution by adding Cosmo Payment, a program that allows both EU and UK merchants to settle payments in USD, Euros and GBP and offers another solution for depositing funds to merchants for simple third-party payment.
  • Grew our employee base in South Florida and in our EU headquarters in Ireland.

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