Key Data

• Trading Name: MANGOPAY 
• Legal Entity: MANGOPAY SA
• Activities: end-to-end payment solution
• Location: Luxembourg
• Regulations: by Luxembourg’s Financial Sector Regulator (CSSF)
• Key People:Céline Lazorthes (Linkedin)

MANGOPAY is operated by MANGOPAY SA and was founded in 2013 by Céline Lazorthes (Linkedin). The company has been granted a license to operate as an e-money institution by Luxembourg’s Financial Sector Regulator (CSSF).

MANGOPAY is a brand of Leetchi Group and part of Credit Mutuel Arkéa.

Offering

MANGOPAY is an end-to-end payment solution for marketplaces, crowdfunding, and Fintech platforms. The payment processor provides its merchants with an API and a white-label solution that can be integrated into their websites.

It enables merchants to accept multiple currencies and multiple payment methods online, hold the funds in segregated accounts, and automate payouts.

Costumers 

Their solution is designed for Marketplaces, E-Retailers, Crowdfunding and B2B Platforms.

Over 2,500 platforms use MANGOPAY’s white-label API, such as VINTED, Chrono24, Rakuten, La redoute, Vestiaire Collective, Pumpkin, and Leetchi.

Fees:

• PAY-IN (per transaction excl. VAT): 1.8% + 0.18€ EUR, 1.9% + 0.20£ GBP, 2.5% + 0.25€ OTHER

• PAYOUT (per transaction): Free

  • Freewithin SEPA zone

    2.50€outside SEPA zone

    EUR

  • 0.45£within BACS zone

    1.90£outside BACS zone

Reviews

On Trustpilot, the payment processor holds an “Average” trust level with a 2-stars rating.

News

MANGOPAY was acquired in April by US private equity investor Advent for 75 million euros to support its growth and expansion.

Conclusion

Mangopay dropped from an excellent 4.6 star rating to 2 stars in 2023, which is why we downgrade the provider to ORANGE.