Agora Pay & PAYSTRAX launch new payment acceptance solution in Hungary

By Megha Bhattacharya

The Hungarian payment company Agora Pay has launched a new smart payment acceptance solution for the Hungarian market using PAYSTRAX’s payment infrastructure and network of payment connections. With Agora Pay’s new smart payment acceptance solution, Hungarian merchants can now accept Visa and Mastercard card payments independent of banks, with fast delivery of payments and simple, transparent pricing.

The card payments are accepted with an easy-to-use app on pocket-sized mini terminals, which are extremely convenient for micro-merchants and SMEs. Utilizing Agora Pay’s and PAYSTRAX’s unique onboarding model, new merchants are onboarded online in only 3 days on average, and do not have to pay any monthly or sign-up fees.

“Agora Pay is an innovative Hungarian payment technology provider that makes life easier for Hungarian businesses with the smooth introduction of bank card payments. The solution we have developed combines Hungarian developer expertise, knowledge of the domestic payment market and a passion for up-to-date, modern technologies. We believe in continuous improvement, simplicity, transparent pricing, but most of all we consider it our personal mission to make smart bank card acceptance available to anyone with the help of the Agora Pay solution,” said the company’s management.

The new payment acceptance solution is fully PCI-DSS compliant, and with PAYSTRAX’s Principal Membership License with Mastercard and VISA, it accepts all card types and European currencies, including the Hungarian Forint, which is the clearing and settlement currency.