Key Data

• Trading Name: Payone
• Legal Entity: PAYONE Gmbh
• Activities: payment service provider
• Location: Germany 
• Regulations: restricted BaFin licence
• Key People: Carl Zitscher and Jan Kaniess.
• PCI DSS Compliance: yes

Payone (former BS Payone) is a payment service provider (payment service provider) for online payments and offers companies the possibility to accept different types of payments.

Payone is a joint venture between the French payment and transaction services provider Worldline and the DSV Group.

The company processes more than 3.8 billion transactions per year for its over 260,000 customers in the DACH region.

Offering

PAYONE is a payment service provider that offers you various payment methods for your online or offline business. You can accept payments by credit card, direct debit, PayPal, Sofortüberweisung, invoice and more with PAYONE. PAYONE also offers you security solutions such as fraud prevention, risk management and PCI-DSS certification. You can learn more about PAYONE on their website1 or log in to their service portals

In Addition to the relevant national and international payment methods, Payone also offers to take over risk management, as well as accounts receivable and receivables management

Industries

Low Risk to High Risk

PAYONE is intended to be suitable for both well-known global brands and small and medium-sized enterprises.

People

The company was founded 2014 by Carl Zitscher and Jan Kaniess.

News

On July 26, 2023, BaFin, the German regulatory body, imposed restrictions on Payone, barring them from processing transactions for specific high-risk business clients due to significant money laundering concerns and lapses in anti-money laundering measures. The regulator further mandated a halt on acquiring new clients in this segment to curb potential misuse for illicit financial activities.

Customer Review

The customer reviews about PAYONE are mostly positive. On Trustpilot, PAYONE has an average rating of 4.6 out of 5 stars based on 447 reviews. The customers praise especially the excellent service, the friendly and knowledgeable staff and the reliability of PAYONE.

Conclusion

Due to the BaFin’s restriction, we downgrade Payone to red.