Openpay
Payment gateways
Installment payment and buy now pay later (BNPL) software
Payment processing software
Payment software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if Openpay and its alternatives fit your requirements.
Free Trial unavailableFree version unavailable
Small
Medium
Large
- Education and training
- Professional services (engineering, legal, consulting, etc.)
- Retail and wholesale
What is Openpay
Openpay is an installment payments platform that lets merchants offer buy now, pay later plans at checkout. It supports merchant integration via APIs and plugins so businesses can present payment plans and manage transactions and settlements. The product is typically used by retail and service merchants that want to increase conversion by offering structured repayment options alongside standard card payments.
Installment plans at checkout
Openpay is designed around installment-based payments rather than only single-payment card acceptance. Merchants can present repayment schedules during checkout and route eligible purchases into a plan. This aligns with use cases where customers need predictable payments for higher-ticket items. It can be deployed alongside existing checkout flows rather than requiring a separate purchasing process.
Merchant integration options
The platform commonly provides API-based integration for custom checkouts and prebuilt integrations for common commerce platforms. This supports both engineering-led implementations and faster deployments for smaller merchants. Integration typically covers payment initiation, plan selection, and transaction status updates. These capabilities are important for embedding BNPL into existing payment and order workflows.
Operational tools for BNPL
Openpay focuses on BNPL-specific operational needs such as plan management and settlement handling. This reduces the need for merchants to build internal tooling for installment tracking. It also supports reconciliation workflows by providing transaction and payout information. These features differentiate it from general payment software that does not natively model installment plans.
Geographic availability varies
Openpay’s availability and supported markets can be limited compared with larger global payment processors. Merchants operating in multiple countries may need additional providers to cover all regions. Local regulatory and underwriting requirements can also affect where BNPL can be offered. Buyers should confirm supported countries, currencies, and local compliance coverage for their target markets.
Not a full payments stack
While Openpay supports installment payments, it may not replace a full payment gateway and processor for all payment methods and geographies. Merchants may still require separate providers for alternative payment methods, in-person payments, or broader acquiring coverage. This can increase operational complexity when consolidating reporting and reconciliation. Integration planning should account for multi-provider payment orchestration if needed.
Underwriting and eligibility constraints
BNPL transactions typically depend on customer eligibility checks and risk controls that can introduce declines or friction. Approval rates and decisioning rules may vary by market and merchant category. This can affect conversion and customer experience compared with standard card payments. Merchants should evaluate how eligibility decisions are communicated and how fallbacks to other payment methods are handled.
Seller details
Openpay Group Ltd
Melbourne, Victoria, Australia
2013
Public
https://www.openpay.com/
https://x.com/openpayau
https://www.linkedin.com/company/openpay
