Fondy is a global payment platform aiming to simplify the online transaction process for businesses and consumers alike. In a market crowded with similar service providers, this article offers an in-depth look at Fondy’s offerings.
From its headline numbers to an analysis of its products and services, this article aims to provide UK businesses with comprehensive insights into whether Fondy is the right payment solution for them.
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Headline numbers
- Over 10,000 businesses served globally
- Present in 150+ countries
- Supports 150+ currencies
- 90% approval rate for transactions
- 99.9% uptime guarantee
- Average customer satisfaction rate of 4.4/5
Key information
| Feature | Information |
|---|---|
| Founded | 2016, Kyiv, Ukraine |
| Website URL | www.fondy.io |
| Phone number | +44 203 807 4651 |
| FSCS protected? | No |
| FCA regulated? | Yes |
Pros and cons of Fondy
Pros
- Easy-to-use interface for businesses and customers
- Extensive currency and country support
- Competitive pricing
- Robust fraud prevention measures
- Quick and seamless integration with various platforms
Cons
- Not FSCS protected
- May not be ideal for smaller businesses due to setup fees
- Limited in-person customer support
Fondy products and services
Fondy Checkout
Description: A ready-to-use checkout solution that can be integrated with a website or mobile app to accept payments. Supports multiple payment methods including debit/credit cards, digital wallets, and bank transfers.
Costs and fees: £20 per month plus a transaction fee of 2.4% + 20p per transaction.
Fondy Subscriptions
Description: A service that allows businesses to set up recurring payments for subscriptions and memberships. Integrates with various CRM and accounting software.
Costs and fees: £40 per month plus a transaction fee of 2.4% + 20p per transaction.
Fondy Invoices
Description: Allows businesses to create and send invoices directly through the Fondy platform. Provides analytics and real-time tracking of invoice statuses.
Costs and fees: £30 per month plus a transaction fee of 2.4% + 20p per transaction.
Fondy reviews
| Source | Rating |
|---|---|
| TrustPilot | 4.5/5 |
| Google Reviews | 4.2/5 |
| Reviews.io | 4.6/5 |
| Average | 4.4/5 |
Alternatives to Fondy
- PayPal: A well-known, global solution but with potentially higher transaction fees.
- Stripe: Offers an extensive API for custom integrations but can be complex for smaller businesses.
- Square: Excellent for point-of-sale transactions but less robust in online environments.
Additional considerations
When considering Fondy, keep in mind that while they offer competitive pricing and a wide range of services, they do not provide FSCS protection. However, they are FCA regulated, offering some level of assurance and compliance.
Fondy company history
Founded in 2016 in Kyiv, Ukraine, Fondy has swiftly expanded its global footprint, making significant inroads in the UK and European markets.
The company has always focused on facilitating seamless transactions, employing state-of-the-art technology for fraud prevention and user experience.
FAQ
Yes, Fondy is FCA regulated.
Fondy supports over 150 currencies.
Fondy may not be ideal for smaller businesses due to setup fees.
Fondy typically has a 90% approval rate for rapid transactions.
Yes, Fondy offers quick and seamless integration with various platforms.
Fondy offers limited in-person customer support but has an extensive online help centre.
No, Fondy is not FSCS protected.
Yes, Fondy has robust fraud prevention measures.
Fondy charges a transaction fee of 2.4% + 20p per transaction.
Fondy offers a 99.9% uptime guarantee.
Yes, Fondy offers a dedicated service for subscriptions.
Fondy supports debit/credit cards, digital wallets, and bank transfers.
Setting up a Fondy account is generally straightforward.
Yes, Fondy is designed for both domestic and international transactions.
Fondy does not currently offer a mobile app.
You can contact Fondy customer service at +44 203 807 4651.
Yes, Fondy provides detailed analytics and reports.
Fondy is known for its easy-to-use interface.
Fondy occasionally offers promotions, primarily for new customers.
Fondy has an average customer satisfaction rate of 4.4/5.
This comprehensive guide aims to offer UK businesses an in-depth understanding of Fondy’s payment solutions. From its pros and cons to its varied products, this article provides all the information needed to make an informed decision about using Fondy’s services.