SegPay Grows International Client Base by 18 Percent

FT. LAUDERDALE, Fla. — Internet payment processor SegPay announced today that it has grown its EU client base by 18 percent and has launched a new payout structure.

The company attributed the growth to new offerings, expanded service and a greater emphasis on security for the European marketplace. SegPay also noted that the new payout structure makes it the only IPSP in the EU to convert payouts directly through the acquiring bank, making the process more secure. This model mirrors the payout process for their U.S. clients.

In addition to its growing client base in the last year, SegPay has also seen an increase in the number and volume of transactions coming from the EU.

“International markets have proved a major growth area for SegPay,” CEO Cathy Beardsley said. “We ensure that we are not only compliant with all regulations, but provide industry leading service to make sure our clients get paid before we do. The strategy has paid off with more clients picking SegPay for their IPSP needs.”

The company noted that it previously used a third party trust to convert EU payouts. By switching payouts to come directly from the bank, SegPay now furthers its mission of keeping client funds secure.

Other benefits of the new service include: client funds are always held by SegPay’s acquirer; the new service helps maintain compliance with MasterCard’s Payment Facilitator Model; and it conforms to the EU Payment Services Directive for safe guarding client funds.

SegPay said it began moving EU payouts to its acquirer in August and has now completed the transition for all EU IPSP clients.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Federal Appeals Court Vacates FTC 'Click to Cancel' Rule Pending Review

The U.S. Court of Appeals for the 8th Circuit on Tuesday vacated the Federal Trade Commission’s “click-to-cancel” rule aimed at making it easier for consumers to cancel online subscriptions, pending further review.

FSC Drops Florida AV Lawsuit in Wake of SCOTUS Decision

A U.S. district court judge granted on Tuesday a motion by Free Speech Coalition to dismiss the trade association’s lawsuit over Florida’s age verification law, a case that had been on hold pending the Supreme Court’s recent ruling on the constitutionality of state AV laws.

Ukrainian President Responds to Porn Legalization Petition

President Volodymyr Zelensky responded Tuesday to an OnlyFans model’s petition to decriminalize pornography in Ukraine, stating that he would wait for the legislative process to play out “in accordance with established procedure.”

Only Tax Deductions Joins Pineapple Support as Sponsor

Adult industry accounting firm Only Tax Deductions has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

Adult Empire Launches 'Conversations' Podcast Series

Adult Empire has launched a new official podcast series hosted by Nicole Chappelle and Charlie.

Sex Work CEO Launches 'Teams Plan' for AI Assistant

Sex Work CEO has introduced the new Teams Plan for its AI-powered, NSFW text generator, GPTease.

2025 XBIZ Amsterdam Website Launches With Call for Speakers

XBIZ is pleased to announce that the website for its annual European conference, XBIZ Amsterdam, is now live.

NC Governor Vetoes Bill Targeting Adult Industry, Override Possible

North Carolina Governor Josh Stein today vetoed a bill imposing new regulations that adult industry observers have warned could push adult websites and platforms to ban most adult creators and content.

25,000 Sign Petition to Legalize Pornography in Ukraine

An OnlyFans model’s petition to decriminalize pornography in Ukraine has amassed the 25,000 signatures required for official consideration by President Volodymyr Zelensky.

WannaCollab Joins Pineapple Support as Supporter-Level Sponsor

WannaCollab has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

Show More