Planet Payment
Planet Payment, founded in 1985 and headquartered in Galway, Ireland, provides payment processing and multicurrency solutions for financial institutions and merchants, with current emphasis on its Planet Tax Free VAT refund service and unified commerce capabilities following the 2021 Advent International take-private.
- Company typePrivate
- Founded1985
- HeadquartersGalway, Ireland
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
Planet Payment firmographics
Firmographics- Name
- Planet Payment
- Website
- https://planetpayment.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Planet Payment, founded in 1985 and headquartered in Galway, Ireland, provides payment processing and multicurrency solutions for financial institutions and merchants, with current emphasis on its Planet Tax Free VAT refund service and unified commerce capabilities following the 2021 Advent International take-private.
- Ownership category
- akta.pro rank
Planet Payment industry classification
Industry- Product category
- Payment Processing & Multicurrency Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)
- akta.pro secondary industries
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Cross-Border FX, Multi-currency Settlement & Dynamic Currency Conversion (THACAJAF), Cross-border Payments & FX for E-commerce (CRAFALAF)
Keywords
Where Planet Payment is headquartered
LocationHeadquarters
- HQ city
- Galway
- HQ country
- Ireland
- HQ region
- Europe
Markets served
Planet Payment business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Planet Payment product offering
Product offeringCore offering
Planet Payment provides payment processing and multicurrency solutions for financial services institutions, with its flagship product Planet Tax Free enabling international shoppers to receive VAT refunds on purchases made abroad. The company powers payments for both consumers and businesses through a unified product portfolio spanning tax free shopping, VAT refund processing, and broader payment infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Planet Tax Free
- Multicurrency Payment Processing Solutions Payment processing and multicurrency solutions for financial services institutions, enabling cross-border transactions and unified commerce capabilities.
Companies that use Planet Payment
Customer profileIdeal customer profiles1 record
Planet Payment technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Planet Payment competitors and assessment
Company assessmentBroad incumbents
- Checkout.com: Checkout.com provides global payment processing optimized for cross-border digital commerce with multi-currency capabilities, addressing the same enterprise merchant and platform use cases Planet Payment serves via 3C Payment and Proximis.
- Fiserv: Fiserv is a large financial services technology provider offering merchant acquiring, processing, and multi-currency capabilities through its Clover and Carat platforms, providing broad competition in the same merchant and FSI processing space.
- Adyen: Adyen is a global payments platform providing unified online, mobile, and in-store processing with multi-currency settlement, competing for the same large enterprise and FSI-led cross-border payment volumes as Planet Payment.
- Worldpay: Worldpay is a large global merchant acquirer and payment processor offering multi-currency and cross-border processing to merchants and financial institutions, broadly overlapping Planet Payment's core processing capabilities at greater scale.
Emerging players
- PPRO: PPRO provides cross-border payment infrastructure and local payment method orchestration for payment service providers and platforms, addressing adjacent cross-border processing needs comparable to Planet Payment's merchant and platform integrations.
- Wise (TransferWise): Wise is a cross-border payments specialist offering multi-currency accounts and low-cost FX transfers, intersecting Planet Payment's multicurrency and cross-border processing capabilities for both consumer and business use cases.
Direct peers
- Global Blue: Global Blue is the most direct competitor in tax-free shopping and VAT refund services for international shoppers, operating in the same product category and serving the same cross-border retail and tourist spend use case as Planet Tax Free.
- Currencycloud: Currencycloud (now part of Visa) provides cross-border payments infrastructure and multi-currency wallets via APIs to banks and financial services institutions, directly paralleling Planet Payment's multicurrency processing value proposition for FSIs.
- Planet (formerly MYPINPAD / Ingenico-owned Planet brand ecosystem): The broader Planet brand (weareplanet.com) is the unified commerce platform entity linked directly from Planet Payment's Tax Free site, representing the parent platform combining payment processing, gateway, and tax-free shopping capabilities.
Regional players
- Nexi: Nexi is a leading European payment processor and acquirer with multicurrency and cross-border e-commerce capabilities, overlapping Planet Payment's European-focused merchant and cross-border processing footprint.
Market position
Customer concentration
Planet Payment social profiles
Digital presencePlanet Payment financial estimates
Financial estimateRevenue estimate
Valuation estimate
Planet Payment leadership team
Management profileNumber of profiles
Profiles3 records
Planet Payment funding detail
Funding detailFunding overview
Funding rounds7 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Planet Payment M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Planet Payment
What does Planet Payment do?
Planet Payment provides payment processing and multicurrency solutions for financial services institutions, with its flagship product Planet Tax Free enabling international shoppers to receive VAT refunds on purchases made abroad. The company powers payments for both consumers and businesses through a unified product portfolio spanning tax free shopping, VAT refund processing, and broader payment infrastructure.
When was Planet Payment founded?
Planet Payment was founded in 1985. It employs 1,001 to 5,000 people.
Where is Planet Payment based?
Planet Payment is headquartered in Galway, Ireland, in the Europe region.
Who are Planet Payment's main competitors?
Broad incumbents on record are Checkout.com, Fiserv, Adyen and Worldpay. Emerging players are PPRO and Wise (TransferWise). Direct peers are Global Blue, Currencycloud and Planet (formerly MYPINPAD / Ingenico-owned Planet brand ecosystem). Nexi is listed as a regional player.
Does Planet Payment have an API?
No public API is recorded for Planet Payment.
What industry is Planet Payment in?
Planet Payment's product category is Payment Processing & Multicurrency Services. Its primary akta.pro industry code is THALAHAE, Cross-Border Payments & FX (multi-currency wallets, DCC, remittance), with a secondary code of FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 52232 and its SIC code is 6199.