Payshop is a voucher-based payment system that lets consumers shop online while paying in a physical store using their preferred payment method – including cash. Payshop is intended for consumers in Portugal, where only 34% of the population has a credit card. This low saturation creates a barrier to e-commerce that Payshop helps lower.
When consumers on Portugal shop online, they select the Payshop logo at checkout. Instead of a receipt, they receive a 13-digit code that they can take to a participating brick-and-mortar store. There, they can pay with cash, and the online merchant will receive the payment confirmation and complete the order.
For merchants, accepting Payshop payments is easy 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 various ways to customize the payment process so that it fits the needs of your business.
Payshop uses bank-grade encryption so that sensitive information is protected at all times during the payment process. They also offer 24/7 customer support in case anything goes wrong.