On this page you will find all the answers to the questions you have about Adyen:
Who is Adyen?
Adyen is a Payment Service Provider or PSP.
It is the intermediary that makes online payments possible by providing an online account (which you can equate to an electronic wallet) for your association.
This is the online account where online payments for memberships, donations, events and stores arrive. Whenever you wish, you can transfer this money from your online account to your bank account.
As a PSP, like a bank, Adyen cannot use the stored money for its own activities.
Why did Springly choose Adyen?
Adyen is one of the biggest players in the sector. In June 2018, Adyen announced that it had completed an IPO valuing it at $17 billion.
In choosing Adyen, we have chosen to work with one of the market leaders. Their services allow us to open up a range of possibilities for Springly organizations regarding online payment (such as payment in installments) and to gain reliability in transactions.
What happens if Adyen goes bankrupt?
First of all, bankruptcy of Adyen is highly unlikely: it is a major player in online payments, valued at $17 billion. Its customers include many technology leaders such as Uber, Ebay, Spotify, Booking.com and iconic retailers such as H&M, Mango, & L'Oréal.
Money collected on behalf of third-parties is truly segregated from the business activity, so in the unlikely event of an Adyen bankruptcy, funds collected for customers would not be impacted.