Green paytech ReforestPay to launch in UK and EU
ReforestPay, a new sustainability focused paytech that intends to plant a tree for every transaction the firm processes, is set to launch for merchants in the UK and EU this year.
The payments processor says it integrates with most e-commerce platforms, including WooCommerce, OpenCart and PrestaShop.
For every online transaction conducted through the payment gateway, a tree is planted and the customer is notified.
Merchants pay per transaction only and ReforestPay has no signup fees. The transaction fee is 29p on top of interchange, card scheme and acquirer fees.
ReforestPay has partnered with Eden Reforestation Projects and intends to plant one million trees in the next five years.
The company is part of the Reforest Group, whose stated aims are to reforest the world, fight climate change and make it easier for people to save the planet through the provision of affordable services.
Based in Gloucestershire in the UK, the paytech is currently only available to merchants in the UK and EU but it has plans to expand into North America and Australia.
ReforestPay says its plugin is PCI DSS Level 1 compliant and 3DS secure and has built in DDOS protection.
The firm was founded in December 2021 by Matt and Bethan Unsworth and is open for signups now.