Opyn Pay Later Plugin

Opyn is the Italian fintech with over 10 years of experience, which offers technological financial services to companies and financial institutions.

Opyn Pay Later is a service to manage B2B payments in a flexible and secure way.

It allows the merchant to maximize and simplify sales, improve cash flows, reduce administrative costs and outstanding risks; at the same time, it offers the buyer an innovative and 100% digital payment service.

Opyn Pay Later differs from other standard BNPL services for its full flexibility.

What we aim to do is listen to the needs of each single customer to find the solution that best suits for his business and fits his needs.

Before the online integration, the merchant can choose what types of payment plans are offered to his business buyers.

Features

• Instant outcome of the customer's credit analysis
• 100% personalized payment plans
• Upfront payment
• Soft collection included
• Safe and secure transactions
• 360° support for buyers and merchants

Opyn Pay Later: an end-to-end service

• Customer credit rating: we have analyzed more than 50.000 companies to provide our customers risk-free decisions and check credit frauds starting from just few data.
• Taylored payment methods: our platform allows the setting of a variety of payment solutions: net terms, installments and financing options. B2B customers will be happy to pay as they prefer.
• Soft collection and 360° support: we handle collection activities, technical and commercial support so you can focus on achieving growth and generating revenue.

How Opyn Pay Later’s plug-in works

1. A buyer visits the e-commerce site and adds items to the cart.
2. At checkout, the buyer will see the “Opyn Pay Later” button among the available payment methods.
3. Once the button has been clicked, the buyer will have to authenticate himself
4. Opyn Pay Later conducts credit eligibility and fraud risk checks and shows the payment terms for which the buyer has been approved.
5. The buyer selects the preferred payment options and confirms his order.
6. The merchant receives the payment according to the created payment plan.

Security and Compliance 

For payment management, Opyn Pay Later relies on Stripe which meets the PSD2 requirements of Strong Customer Authentication (SCA) in Europe using technology that scans each transaction to activate Dynamic 3D Secure only when required. 

Opyn Pay Later does not require any payment data entry within its platform as Stripe manages the transaction. Opyn Pay Later, in fact, uses the Stripe checkout form to enter payment data. 

The customer enters all sensitive payment data into a payment page created directly by Stripe's PCI DSS verified servers. 

Stripe qualifies for the simplest method of PCI validation with a pre-populated SAQ A. Stripe tokenizes sensitive payment information to ensure card details are never shared with Magento. All card details are securely stored on Stripe's PCI-DSS Level 1 verified servers. 

For more information: https://commercemarketplace.adobe.com/stripe-stripe-payments.html#description