PayMongo
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
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What is PayMongo
PayMongo is a payment processing platform that helps businesses in the Philippines accept and manage online payments. It supports card payments and local payment methods through APIs and hosted checkout options for ecommerce and digital services. The product focuses on developer-friendly integration and operational tools for payment collection and reconciliation.
Local payment method coverage
PayMongo is built for merchants operating in the Philippines and supports commonly used local payment rails alongside card payments. This can reduce the need to stitch together multiple providers for domestic acceptance. It is particularly relevant for local ecommerce, subscriptions, and on-demand services that need familiar consumer payment options.
API-first integration options
PayMongo provides APIs that allow engineering teams to embed payments into web and mobile applications. This supports custom checkout flows and backend automation for payment status handling. For teams without deep engineering resources, hosted payment pages can reduce implementation effort compared with fully custom builds.
Operational payment management tools
The platform includes tools to create payment links or collect payments without building a full checkout experience. It also provides transaction records that support basic reconciliation and customer support workflows. These features help small and mid-sized businesses start accepting payments quickly and manage day-to-day payment operations.
Primarily Philippines-focused footprint
PayMongo’s strongest coverage is for Philippine merchants and local payment methods. Businesses with significant cross-border acquiring needs may require additional providers for other regions. This can add complexity for companies expanding internationally or operating multi-entity payment setups.
Limited BNPL as core feature
While it can be used alongside installment or pay-later offerings via partners or external arrangements, BNPL is not the primary focus of the platform. Organizations seeking a dedicated BNPL program (credit decisioning, consumer financing terms, and merchant subsidy controls) may need a specialized provider. This can limit suitability when BNPL is a central checkout requirement.
Ecosystem depth varies by use case
Compared with larger global payment platforms, the breadth of add-ons (for example, advanced fraud tooling, extensive alternative payment methods, or multi-country settlement options) may be narrower. Some businesses may need third-party services for risk management, chargeback workflows, or complex reporting. Fit depends on transaction volume, compliance needs, and required integrations.
Plan & Pricing
Pricing model: Pay-as-you-go (per successful transaction). No setup fees or monthly fees for standard payment processing; merchants are charged only when a payment succeeds. Free tier/trial: Sign-up and the Essential support plan are free (no monthly fee). No time-limited free trial found on official site.
Example costs / rates (official PayMongo site)
- Cards (Visa & Mastercard) — One-time payment: 3.5% + ₱15 per successful transaction. Foreign (non-Philippine) cards: additional +1% surcharge.
- QR PH (in-store QR) — 1.5% per transaction.
- E-wallets:
- GCash (includes GCredit) — 2.5% per transaction.
- GrabPay — 2.2% per transaction.
- Maya — 2.0% per transaction.
- ShopeePay — 1.9% per transaction.
- Online banking (selected banks) — 0.8% or ₱15 (whichever is higher) per transaction.
- Buy Now, Pay Later (BillEase) — 1.5% per transaction.
- Payouts / Disbursements — ₱10 per transaction (Instapay / PESONet outbound fee).
Other paid products (officially listed):
- PayMongo Storefront (Storefront AI, 1 active storefront): ₱349 / month.
- Protect (fraud detection): ₱120,000 / month platform fee + ₱2.90–₱2.45 per screen (tiered).
- Instant settlement: up to 2% (QR PH, Bank transfer) or up to 3% (Cards, BNPL) depending on method (paid to access instant settlement feature).
- Wallet activation / management fees: ₱150 one-time activation; wallet monthly fees shown for inactive/active wallets (₱100/month inactive, ₱75/month per active wallet) on platform products.
- Support Plans: Essential — Free; Advanced — 0.3% of monthly TPV (minimum ₱58,888); Premium — 0.5% of monthly TPV (minimum ₱78,888). Event coverage and hourly/day rates also listed (e.g., Event+ (Day) ₱150,000).
Discounts / Enterprise pricing:
- Custom / volume pricing and enterprise/platform packages are available by contacting sales (custom pricing for high-volume merchants or platform offers).
Notes & VAT:
- Official documentation indicates transaction fees are presented VAT‑inclusive on the developer docs, while some pricing pages note VAT treatment; merchants should confirm VAT handling with PayMongo directly.
(Information sourced only from PayMongo’s official website pages: Pricing and product docs.)
Seller details
PayMongo, Inc.
Manila, Philippines
2019
Private
https://www.paymongo.com/
https://x.com/paymongo
https://www.linkedin.com/company/paymongo/
