PayDo Launches Acquiring with Apple Pay and Google Pay: What Does It Mean for Merchants?

PayDo, a one-contract one-dashboard fintech solution, recently became a principal acquirer for Apple Pay and Google Pay. These digital wallets are the most popular among the 350+ alternative payment methods offered by PayDo, so the development is obviously convenient for the international payers – but what does it mean for merchants?

First, let’s take a few steps back.

What Is Apple Pay and Google Pay Acquiring?

Acquiring allows a business to accept digital wallet payments and receive the money in its merchant account. The acquirer works between the merchant, the customer’s card issuer, and the card network.

Apple Pay or Google Pay acquiring means handling wallet payments from approval through settlement, then making sure the merchant receives the funds.

The process is near-instant and happens fully behind the scenes. Usually, neither the customer nor the merchant see the majority of these inner workings – they only get notifications when certain stages are done.

1. The customer chooses Apple Pay/Google Pay at checkout.
2. They confirm the payment with some type of check (pin, face ID, fingerprint or other).
3. The wallet sends a secure token instead of card details.
4. The acquirer routes the payment request through the card network for approval.
5. The merchant receives confirmation that the payment has been accepted.
6. The funds transfer to the merchant account.

What Principal Acquiring Means for Merchants

The acquirer is usually a third party, separate from the merchant or the PSP, but if a PSP gets principal acquirer status, they can act as the acquirer, taking on the duties described above. This is exactly what PayDo did, a decision that grants certain advantages to payment processing.

• The processing happens faster. A more direct route shortens the time needed for authorization.
• More clients complete the checkout when it is fast. Digital wallets already help with simplifying payments, but making them more efficient means yet another boost to user experience.
• More independence. Merchants are less tied to the rules, delays, and potential disruptions of third-party providers.
• One less account to manage. Using the same platform for your merchant account and acquiring means all of the data is stored in the same system.

Part of a Larger Plan

This move follows PayDo’s earlier launch of direct acquiring for Visa and Mastercard. Together, these services allow merchants to process the world’s most common payment methods through one system, supporting PayDo’s overall goal to create a unified all-in-one fintech solution.

With direct acquiring now available for Apple Pay and Google Pay, as well as for Visa and Mastercard, PayDo is presenting itself as a practical option for eCommerce businesses that want to reach a broad international client base without needing multiple providers.