Segpay Introduces New Payment Option Cosmo Payment

FT. LAUDERDALE, Fla.—Payment processing firm Segpay today announced the addition of its newest pay-out solution, Cosmo Payment. This program allows both E.U. and U.K. merchants to settle payments in USD, Euros and GBP. Cosmo Payment also brings another solution for depositing funds to merchants for simple third-party payment. The company aims with this new payment method to widen the options for the cam and fan markets, which it said it has seen experience an enormous amount of growth during the COVID-19 pandemic. Segpay reported that about 60 percent of its business is currently in cam sites and approximately 50 percent of its recent sales leads have been in fan sites. “The addition of Cosmo Payment continues Segpay’s mission of providing the best payment solutions available,” Segpay CEO Cathy Beardsley said. “We felt this new option would simplify payments while also maximizing earnings to many of our merchants.”  Cosmo Payment allows for card payment solutions via card to card or account to card transfers for merchant affiliates, models, content creators and other vendors and contractors. Account holders can transfer funds to their bank, withdraw funds at an ATM and make purchases both online and in person at a brick-and-mortar store. This solution allows merchants to not only globally pay but to also get paid. For more information, visit www.segpay.com.