About Hoodpay
A merchant-of-record payments platform for internet entrepreneurs. It enables businesses to accept payments via credit cards, digital wallets, and cryptocurrency while automating global tax compliance, fraud prevention, and financial reporting.
Hoodpay is a merchant-of-record (MoR) payments platform specifically designed for internet entrepreneurs selling digital products. Unlike standard payment processors, Hoodpay manages the complexities of global sales tax compliance, financial risk mitigation, and fraud prevention on behalf of the merchant. The platform supports a diverse range of payment methods, including major credit cards, digital wallets like PayPal and Venmo, and direct cryptocurrency payments. Its checkout experience is engineered for high conversion, and the platform provides robust developer tools, including a comprehensive API and webhooks for custom integrations. Merchants benefit from built-in dispute management, real-time revenue analytics, and automated tax remittance. While the platform is highly accessible for digital-first businesses, high-volume merchants can access bespoke onboarding and dedicated account management. Support is provided through a customer hub and standard support channels, with a 24-48 hour response window.
Pros & Cons
- Acts as a merchant of record to simplify global tax compliance and regulatory oversight.
- Supports a wide variety of payment methods including direct cryptocurrency transactions.
- Includes built-in fraud prevention and automated chargeback defense tools.
- Provides detailed real-time analytics and revenue reporting dashboards.
- Offers a developer-friendly API for seamless integration into custom web applications.
- Payouts for card payments are restricted to a bi-monthly schedule between the 1st and 15th.
- Standard support response times are limited to a 24-48 hour window.
- Card payment processing requires a standard verification procedure before activation.
- Pricing for high-volume businesses is not fixed and requires contact with the sales team.
Features
Key features
Acts as the authorized reseller to handle global sales tax collection and remittance.
Supports debit/credit cards, digital wallets, and direct cryptocurrency payments.
Deploys AI-based tools to identify and block anomalous transactions before they occur.
Automates chargeback defense processes for merchants at no additional cost.
Provides real-time dashboards for tracking gross revenue, net income, and customer payment history.
Additional features
Offers branded payment pages optimized for conversion.
Facilitates payouts to over 200 geographies.
Allows developers to create events and listen for payment status updates.
Provides access to status timelines, metadata, and event logs.
Generates and sends receipts automatically for customer purchases.
Supports recurring billing models for digital products and services.
Enables merchants to set custom risk thresholds for manual payment approval.
Provides a developer-first interface for integrating payment flows into custom applications.
Pricing
Monthly plans
5.5% + 50¢ per card transaction; 1% + 10¢ per crypto transaction; 2.5% per wallet transaction.
Source: vendor pricing page →Countries & Languages
Available in
Interface languages
Billing currencies
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About Hoodpay
A merchant-of-record payments platform for internet entrepreneurs. It enables businesses to accept payments via credit cards, digital wallets, and cryptocurrency while automating global tax compliance, fraud prevention, and financial reporting.
Hoodpay Details
Hoodpay's In-App Market Place
Does Hoodpay have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
7
Mini Apps
1. Hoodpay Cart Abandonment Recovery: This add-on helps merchants recover lost sales by sending automated follow-up emails to customers who have abandoned their shopping carts without completing a purchase.
2. Hoodpay Automatic Invoicing: This add-on generates and sends invoices automatically to customers after each purchase
streamlining the billing process for merchants.
3. Hoodpay Subscriptions: With this add-on
merchants can offer subscription-based payment options to their customers
allowing for recurring billing for products or services.
4. Hoodpay Fraud Prevention: This add-on helps merchants detect and prevent fraudulent transactions by implementing advanced security measures and fraud detection algorithms.
Pricing Options
Plans
Monthly plans
5.5% + 50¢ per card transaction; 1% + 10¢ per crypto transaction; 2.5% per wallet transaction.
Source: vendor pricing page →Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), HKD (HK$), INR (₹), SGD (S$)
Pros & Cons
- Acts as a merchant of record to simplify global tax compliance and regulatory oversight.
- Supports a wide variety of payment methods including direct cryptocurrency transactions.
- Includes built-in fraud prevention and automated chargeback defense tools.
- Provides detailed real-time analytics and revenue reporting dashboards.
- Offers a developer-friendly API for seamless integration into custom web applications.
- Payouts for card payments are restricted to a bi-monthly schedule between the 1st and 15th.
- Standard support response times are limited to a 24-48 hour window.
- Card payment processing requires a standard verification procedure before activation.
- Pricing for high-volume businesses is not fixed and requires contact with the sales team.
Hoodpay's Support Options
Email Address
support@hoodpay.comDocumentation
https://docs.hoodpay.com/Community Forums
https://community.hoodpay.com/Hoodpay's Alternatives
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