Magnius Review
What is Magnius?
Magnius is a white-label payment gateway for banks, PSPs and merchants. Users can build comprehensive, intelligent, and branded digital payment solutions. Magnius enables companies to optimize payment operations and experiences and helps them increase revenues and minimize costs and risks.
Users can integrate various systems and functionalities with their own white-label digital payment solution through its RESTful API. They can set up different types of payment methods, currencies, transactions, and settlements. Magnius allows them to easily onboard merchants or customers, enable intelligent and automated payment routing, and access detailed reports and audit trails.
Magnius also lets them protect the security and integrity of their transactions using fraud detection engines, chargeback reports, and configurable notifications. The platform permits banks, PSPs, and acquirers to configure flexible, merchant-specific subscription and pricing models and bill their merchants automatically. Users can build, edit, and customize their payment pages.
Show MoreOverview of Magnius Benefits
Fully White-Label Payment Solution
Magnius enables users to create their own innovative and competitive online payment solution without worrying about infrastructure or development costs. They can implement a fully white-label payment system for processing and handling transactions across channels, countries, and currencies.
The branded payment system is hosted on AWS cloud infrastructure with separate environments for testing and production. Magnius also takes care of all system integration, customization, maintenance, and management tasks. They’ll obtain complete visibility and control of all transactions being processed through the payment system.
For instance, merchants can intelligently and automatically route transactions and payments based on customer and acquirer-specific rules. These rules cover payment method, country, and spending. Meanwhile, Magnius allows PSPs and acquirers to set up, handle, and adjust buy and sell rates for specific merchants. They can also create various levels of hierarchy for every merchant account and permit merchants to add multi-currency bank accounts.
Risk, Dispute, and Compliance Management
The payment platform provides merchants, PSPs, and acquirers with a suite of tools that aid them to effectively handle risks, disputes, and compliances. With its fraud detection engines, they can immediately discover, investigate, and stop suspicious and fraudulent activities that can lead to revenue losses.
Additionally, using webhooks and alerts, they can monitor events and activities at the account or transaction level without navigating between multiple systems and applications. Magnius enables them to identify and understand the exact causes and details of chargebacks and disputes through comprehensive reports as well.
Automated Operations
Magnius automates merchant, PSP, and acquirer operations. Users can access instant reports and notifications for all merchant or customer KYC and onboarding activities in one place. The platform has a smart fallback feature that allows merchants to automatically retry a transaction through a second acquirer when the first one didn’t authorize it. This helps merchants increase their sales and conversion rates and lower their transaction fees.
Merchant billing and settlement are streamlined too. PSPs and acquirers can set up fees in a subscription, fixed, or percentage pricing model and instantly send invoices to merchants. They can track the complete lifecycle of transactions and view settlement reports where sales, rate, and payout details are included.
Show MoreOverview of Magnius Features
- White-Label Payment Solution
- AWS Hosting
- Payment Methods & Connectors
- Multiple Currencies
- Payment Routing
- Intelligent Fallback
- Fraud Detection Engines
- Webhooks & Alerts
- Webshop Plug-ins
- Merchant Management
- Merchant Onboarding
- Automated Merchant Invoicing
- Dynamic Settlement
- Transaction Control
- Audit Trails
- Payment Pages
- Reports
What Problems Will Magnius Solve?
1. Banks don’t have the time or resources to develop sophisticated PSP technology. Magnius can help instantly.
2. Acquirers help clients receive credit card payments but usually lack the possibilities to offer alternative payment methods. Magnius offer this by default.
3. Other platforms are outdated and not easy to use. PSPs like to use Magnius services to move over to this platform. Magnius can help with moving the merchants.
Awards & Quality Certificates
Magnius Position In Our Categories
Knowing that companies have their own business-related requirements, it is only practical that they avoid getting a one-size-fits-all, “perfect” solution. Nevertheless, it would be hard to find such an app even among recognizable software systems. The better step to do would be to shortlist the numerous important aspects that necessitate investigation including major features, plans, technical skill levels of the employees, business size, etc. Thereafter, you should follow through your product research thoroughly. Read these Magnius review articles and scrutinize the other software products in your list in detail. Such detailed research ensures you drop unsuitable apps and select the one which has all the benefits your business requires.
Position of Magnius in our main categories:
TOP
100
Magnius is one of the top 100 Payment Gateway Providers products
If you are interested in Magnius it might also be beneficial to investigate other subcategories of Payment Gateway Providers gathered in our base of SaaS software reviews.
It's essential to keep in mind that virtually no app in the Payment Gateway Providers category is going to be an ideal solution that can fulfill all the needs of all business types, sizes and industries. It may be a good idea to read a few Magnius Payment Gateway Providers reviews first as specific solutions might dominate just in a really small set of applications or be prepared with a very specific type of industry in mind. Others might operate with an intention of being easy and intuitive and therefore lack complicated features desired by more experienced users. You can also come across apps that support a large group of users and provide a powerful feature set, however this in most cases comes at a higher price of such a software. Ensure you're aware of your needs so that you pick a service that offers specifically the features you search for.
How Much Does Magnius Cost?
Magnius Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are Magnius pricing details?
Magnius Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
Magnius’ enterprise pricing information is only available on request.
User Satisfaction
Positive Social Media Mentions
25
Negative Social Media Mentions
0
We realize that when you decide to buy a Payment Gateway Providers it’s vital not only to find out how professionals rank it in their reviews, but also to discover if the real people and companies that bought this software are genuinely satisfied with the product. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Magnius reviews across a wide range of social media sites. The information is then featured in a simple to understand format indicating how many users had positive and negative experience with Magnius. With that information at hand you should be equipped to make an informed purchasing decision that you won’t regret.
Video
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
- Open API
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Magnius?
Magnius integrates with the following:
- Woocommerce
- Magento
- Demandware
- Prestashop
- Opencart
- Hybris
- Salesforce
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