PaybyMe

PaybyMe, established in 2010 by co-founders Emre Gursoy and Doruk Uslu, is a payment services provider headquartered in Istanbul, Turkey. The company operates as an integrated financial management platform, offering businesses a suite of tools for processing both traditional and contemporary payment methods. Gursoy, who also serves as the CEO, leads the company's efforts in enhancing its technologies and expanding its network. Although initially unfunded, PaybyMe has grown to serve over 30,000 businesses across four continents, with a team of more than 30 employees. Following an acquisition in 2023, the company underwent a restructuring to bolster its market position.

The firm's core business revolves around providing comprehensive payment solutions for internet-based companies, including those in social networking, online gaming, digital content, and e-commerce. Its client base spans various sectors such as hospitality, travel, and financial services. PaybyMe generates revenue through transaction fees, offering competitive commission rates for its services. The business model is designed to simplify payment processing for merchants, enabling them to accept payments from customers globally in their local currencies, which helps to reduce transaction costs and improve conversion rates.

PaybyMe offers a diverse range of products and services accessible through a single API integration. This includes Virtual POS (VPOS) and Physical POS terminals that accept all major credit and debit cards like Visa and Mastercard. A key offering is mobile payments, which allows businesses to accept payments via mobile carriers in over 40 countries, expanding their reach beyond traditional credit card users. The platform also supports alternative payment methods such as payment by link, subscription-based billing, and secure card storage. To ensure security, the company adheres to PCI DSS standards and utilizes artificial intelligence for fraud detection. For businesses in Turkey, PaybyMe provides acquiring services that include installment plans and loyalty point programs. The company also has a mobile application that uses NFC technology for contactless payments.

Keywords: payment services provider, financial management platform, mobile payments, online gaming payments, virtual POS, physical POS, e-commerce payments, payment processing, acquiring services, subscription billing, payment gateway, cross-border payments, local currency processing, PCI DSS compliant, fraud detection, API integration, contactless payments, fintech, B2B payments, digital content monetization, online transaction processing, merchant services