Adyen is an omnichannel payment processing company that offers merchants different ways to accept payments on a single platform. Its payment services include a payment gateway for online payments, point-of-sale systems for in-person transactions, and integration for in-app or mobile payments. Additionally, the company offers merchant accounts, which are required to receive payments.
Merchants get access to the system that lets them accept credit cards and other payments. When a client pays with a card, Adyen processes the payment, deducts its fees, and sends the remaining funds to your merchant account. It can take up to two business days for the payout funds to be deposited in your account.
Small businesses can use Adyen to accept a wide range of payment options, including direct debits, digital wallets, credit cards, and debit cards. Its payment options work in over 30 currencies and a variety of countries, including the United States, Mexico, Canada, Brazil, Australia, Japan, New Zealand, the United Arab Emirates, and others.
In order to test the platform and make a test payment before applying for a live account, the company will assist in setting up a test account. Once approved, you get a contract and “go-live checklists” to help you set up your account.
Payment systems frequently include a large number of participants. With its single, integrated platform, Adyen works across the entire value chain and offers simplicity for merchants by eliminating the need to work with a disparate group of gateways, risk management providers, processors, and acquirers.
So, we can summarize that the key benefit of Adyen is the ability to streamline the entire process from the merchant's perspective. It is a big benefit to have one payment platform if you are an international business like Uber, Booking, Spotify, etc. You become more competitive and your business becomes easier.