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
Bearing in mind companies have special business needs, it is only prudent that they steer clear of buying a one-size-fits-all, ”best” business application. Nevertheless, it would be difficult to stumble on such an app even among widely used software solutions. The correct step to undertake can be to shortlist the varied critical functions which entail consideration such as critical features, pricing, technical skill competence of staff members, company size, etc. Next, you should perform your product research to a full extent. Have a look at some of these Magnius analyses and explore each of the solutions in your list in detail. Such well-rounded research guarantee you stay away from unsuitable apps and subscribe to the one that meets all the aspects your business requires for optimal results.
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 sensible to analyze other subcategories of Payment Gateway Providers listed in our database of SaaS software reviews.
It is crucial to note that virtually no app in the Payment Gateway Providers category is going to be a perfect solution that can meet all the goals of all company types, sizes and industries. It may be a good idea to read a few Magnius Payment Gateway Providers reviews first as specific software can dominate only in a very narrow group of applications or be prepared with a really specific industry in mind. Others may work with an intention of being simple and intuitive and therefore lack complicated features needed by more experienced users. You can also find services that support a wide group of customers and offer a complex feature toolbox, however this frequently comes at a more significant cost of such a solution. Ensure you're aware of your requirements so that you select a software that has specifically the features you look 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 are aware that when you make a decision to buy a Payment Gateway Providers it’s important not only to see how experts rank it in their reviews, but also to check if the actual clients and companies that bought this software are indeed satisfied with the product. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Magnius reviews across a vast array of social media sites. The data is then featured in an easy to digest format revealing 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
Magnius
is waiting for
your first review.
Write your own review of this product
ADD A REVIEWMore reviews from 0 actual users:
Join a community of 7,369 SaaS experts
Thank you for the time you take to leave a quick review of this software. Our community and review base is constantly developing because of experts like you, who are willing to share their experience and knowledge with others to help them make more informed buying decisions.
Sign in with LinkedIn
Why we require LinkedIn?
- Show the community that you're an actual user.
- We will only show your name and profile image in your review.
- You can still post your review anonymously.
OR
Sign in with company emailSign in with company email
Popular Magnius Alternatives
Top Competitors To Magnius By Price
Product name:
Price:
Trending Payment Gateway Providers Reviews
Magnius Comparisons
Product name:
Page last modified
Did you find this review useful?
Yes
No
Thank you for your feedback
How can we make this page better?
Unsure about this software?
FIND ALTERNATIVES
Why is FinancesOnline free?