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PayRetailers Review

7.1/10

LatAm payments specialist with a direct Pix seat through Transfeera, a same-CPF betting validation product with public docs, and payout rails that reach into Africa.

  • Founded 2017
  • HQ Barcelona, Spain
  • 265+ team
  • Mid-size
  • B2B-only
  • Updated Aug 15, 2026
Our take

PayRetailers holds the deepest Pix access a processor can have short of being a bank, and it lives in Transfeera, the direct Pix participant it bought with CADE and central-bank approval in December 2024. The same-CPF betting product rides that seat with publicly documented endpoints, and the payout corridors reach eleven African markets on top of seven LatAm ones. The gap is references and terms: not a single operator or merchant is named anywhere in nine years of PR, nothing commercial is published, and the licensing case rests on one supervised Brazilian entity plus a seven-license figure that has never been itemized. That mix suits buyers who run their own diligence and negotiate from a blank slate.

USNot servedUKNot served
300+Payment methods24+Currencies75+PSP connectors
Category
Payment Provider
Best for
Mid-marketEnterprise
Products
LatAm Pay-in APIBetting Pix & CPF ValidationPayout RailsCeleris Card Orchestration
US / UK
US · Not servedUK · Not served
PricingOn request
OwnershipPrivate
Regions
LatAmAfrica
Verdict

Our read

7.1/10
GoodReviewed by Partnerkin ResearchJuly 2026
Coverage & methods8.2

Nine LatAm pay-in markets mixing cash, bank rails, and cards (OXXO, Efecty, Pago Fácil, boleto, SPEI, PSE, Khipu), 300+ methods and 24 currencies, plus payout corridors spanning seven LatAm markets, eleven African ones, and USD.

Licensing & compliance7.4

Transfeera's direct Pix seat and the clean CADE and BCB deal approval carry this. Held down by a regulated footprint that is one country deep and a marketed seven-license figure that is never itemized.

Settlement & payouts7.4

The betting-grade same-CPF validation API shipped December 3, 2024 with public docs, a month ahead of Brazil's regime, and Pix payouts cover every key type. No public T+n terms anywhere.

Trust & track record6.0

Zero named clients in nine years, so trust rests on the regulated Transfeera layer and public documentation rather than references.

Integration & cashier7.4

A fresh public developer portal with OpenAPI spec and Colombia's new Bre-B rail already documented, live Corefy, Paylands, and Yuno connectors, and the Digitain Paydrom partnership.

Commercials & transparency4.8

Nothing public: no rates, no setup fees, no reserves, and no settlement terms anywhere.

Methodology. Our own score, a weighted average of six dimensions, tilted toward coverage and licensing. Under the LatAm-specialist weight set, coverage carries .26 and compliance .20, and those are exactly the two dimensions PayRetailers is built on, so a 7.1 survives a 4.8 on commercials and a trust score capped at 6.0 by the empty reference list, with compliance held at 7.4 by the single-country licensing depth. Read the full methodology

Strengths
  • A regulated Brazil rail: Transfeera, a BCB payment institution and direct Pix participant (ISPB 27084098, DRCT since November 4, 2024), acquired with clean CADE and central-bank approval in December 2024.
  • Purpose-built betting Pix compliance: real-time same-CPF and bank-account validation with publicly documented endpoints, launched December 3, 2024, weeks before Brazil's regime went live.
  • Real payout rails in public docs: seven LatAm corridors, eleven African markets, universal USD, and Brazilian Pix payouts across every key type including Pix-only mode.
  • Cash, bank, and card breadth across nine pay-in markets (OXXO, Efecty, Pago Fácil, boleto, SPEI, PSE, Khipu), with docs fresh enough to already cover Colombia's new Bre-B rail.
  • Two acquisitions in seven months rebuilt the stack: Transfeera brought the regulated Pix layer in December 2024, Celeris brought card orchestration across 75+ acquirers in June 2025, and ISO 27001 plus 27701 sit on the Transfeera side.
Watch-outs
  • The regulated footprint is one country deep: the group's supervised entity is Brazilian, and the marketed seven-license footprint has never been itemized with jurisdictions, register numbers, or an entity mapping.
  • Zero named operators or merchant case studies anywhere in nine years of PR, so reference calls are not an option.
  • Card acquiring stays partner-routed across 75+ acquirers with no principal scheme membership, and the Celeris deal was made explicitly to deepen the card side of the stack.
  • Commercial opacity is total: no pricing, no settlement T+n, no rolling-reserve terms, no support SLA, nothing public to benchmark a term sheet against.
Best for

Cross-border operators entering regulated Brazil who need compliant same-CPF Pix, full-key-type payouts, and a licensed local stack without building their own entities, plus multi-market LatAm operators who want cash, bank, and card pay-ins through one API.

Not for

Operators who need a principal card acquirer, US-facing projects, crypto-first brands, or any procurement process that requires named client references and public pricing before a contract gets signed.

Similar providers
Pay4FunAstroPaydLocalEBANX
Where you can run it

Markets & licensing

The regulated Brazil layer runs through Transfeera, a BCB payment institution and direct Pix participant (ISPB 27084098) that PayRetailers acquired with CADE and central-bank approval in December 2024. Beyond that single supervised entity, the company markets a seven-license footprint that has never been itemized, so Brazil is where the licensing case lives.

United States
No US rails

PayRetailers has no US money-transmitter footprint and does not market US processing. That is by design: the product carries merchants from anywhere into Latin America, so a US-facing operator needs a different vendor, while a US company entering Brazil or Mexico is exactly the target customer.

United Kingdom
Not a UK player

There is no FCA authorization and none is claimed. A UK-licensed operator would use PayRetailers only for its LatAm expansion, contracting through the Spanish holding or the local entities, with the UK side of the business untouched. For that use it works, for UK domestic processing it is simply out of scope.

Also serves grey / unregulated markets.
B2B licenses
Brazil BCB payment institution (Transfeera)Brazil
E-money issuer, direct Pix participant (DRCT) · CNPJ 27.084.098/0001-69 · ISPB 27084098 · Pix DRCT since Nov 4, 2024
Further licenses (marketed)Not disclosed
Part of the marketed seven-license footprint · Never itemized publicly

Licensing tier: Deep in one country only. Brazil rests on Transfeera, the other entries in the marketed seven-license footprint are never itemized, and no gambling-supplier licenses exist because Brazilian payment firms comply through BCB status rather than the SPA operator regime.

Certifications
ISO 27001 (Transfeera)ISO 27701 (Transfeera)
Live & certified markets
Brazil (BCB)

Brazil is the licensed footprint. The other eight pay-in markets run on local method and banking relationships that the vendor does not document as licenses.

Restricted
US

No US money-transmitter licenses exist and no US processing is marketed.

Coverage

Methods & rails

What you can reach

Payment methods300
Card acquiringVia Partners
Fiat currencies24
Cryptocurrencies0
Cash networkYes
Own consumer walletNo
PSP connectors75
APIREST payments API v2 with an OpenAPI spec and per-country integration guides
DocsPublic

A2A rails

PixSPEIPSEKhipuBre-B

Flagship local methods

PixBoletoSPEIOXXOPSEEfectyKhipuPago Fácil

Payout rails

Bank transferPix

Processing features

Smart routing
How it connects

Integrations & engineering

One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.

Distinctive fieldThe partner map below covers the regulated group companies, live orchestrator integrations, and named partnerships.
One unified API

One REST integration against the payments API v2, documented publicly at payretailers.dev with an OpenAPI spec and per-country guides for Brazil, Mexico, Argentina, Chile, Colombia, and Peru. Brazilian betting merchants add the customer-account validation endpoint, which checks in real time that a Pix key or bank account belongs to the player's CPF in either data-only or micro-deposit mode. Payouts run through a separate documented parameter set covering seven LatAm corridors, eleven African markets, and USD. Cards route through the Celeris orchestration layer across 75+ acquiring partners, and a hosted checkout exists with little public detail on customization depth.

Time to integrate

No integration time is published. Scope the build from the payretailers.dev country guides and the OpenAPI spec.

Regulated group companies
The entities behind the Brazil stack
Transfeera Instituição de Pagamento S.A. (direct Pix participant since Nov 4, 2024, ISO 27001/27701, São Bento do Sul)Pay Retailers BR Serviços de Pagamentos Ltda (Campinas operating entity, opened 2019)Celeris (Amsterdam orchestration platform, 75+ acquiring partners, acquired Jun 26, 2025)
Orchestrators & gateways
Third-party platforms with live PayRetailers integrations
Corefy provider integrationPaylands by PaynoPainYuno partner integration
iGaming platform reach
The documented iGaming-side reach
Digitain's Paydrom payment solution, a named partnershipNo casino-platform connector list exists, so confirm your platform's route in the sales process
Stack:REST payments API v2OpenAPI spec and llms.txt on payretailers.devCustomer-account validation endpoint for Brazilian PixPer-country integration guides (BR, MX, AR, CL, CO, PE)Celeris orchestration layer for cards
Product stack

Products & tools

Four things ship under one contract: a pay-in API across nine LatAm markets, a betting-grade Pix validation layer built for Brazil's same-CPF regime, payout corridors that reach into Africa, and the card orchestration bought with Celeris in 2025.

Track record

The history

Sales decks get rewritten for every deal. A dated record doesn't.

PayRetailers was founded in 2017 in Barcelona by Juan Pablo Jutgla, an accountant by training who has worked in finance since 1995, and it remains founder-led and private with no disclosed venture rounds. The Brazilian operating entity opened in Campinas in January 2019 as LocalPay do Brasil and was later renamed Pay Retailers BR. Two acquisitions in seven months then reshaped the company: Transfeera, cleared by CADE and the Banco Central do Brasil on December 19, 2024, brought a direct Pix seat, and Celeris, announced June 26, 2025, brought card orchestration across 75+ acquirers.

123MAnnual transactions
300+Local payment methods
24Currencies
~265Headcount
7 LatAm + 11 African + USDPayout corridors

Corporate

Legal entity
PayRetailers Latam Holdings S.L. (Spain)
Countries served
9
Product lines
Payments API v2Payout RailsBetting Pix & CPF ValidationCeleris Card OrchestrationHosted Checkout
Acquisitions
  • Transfeera (2024)
  • Celeris (2025)
Offices
SpainBulgariaMexicoBrazilArgentinaChileCosta RicaEcuadorParaguayColombiaPeru

Leadership

Juan Pablo Jutgla
Founder & CEO, PayRetailers · since 2017
Sunil Jhamb
Founder & CEO, Celeris (joined via the 2025 acquisition) · since 2025

Milestones

  1. Founded in Barcelona by Juan Pablo Jutgla as a cross-border processor aimed at merchants entering Latin America.

  2. Brazilian entity opens in Campinas in January as LocalPay do Brasil, later renamed Pay Retailers BR.

  3. Sofia development center announced (September 5) with a plan to hire 150+ tech roles, alongside offices across nine LatAm countries.

  4. Transfeera becomes a direct Pix participant (DRCT) on November 4.

  5. The betting Pix same-CPF product launches December 3, a month before Brazil's regime takes effect, and CADE plus the BCB approve the Transfeera acquisition on December 19.

  6. Celeris acquired June 26 for card orchestration across 75+ acquiring partners, and the company takes Best Payment Solution Provider at UF AWARDS Global (June 18).

Where they're pushing next

  • Regulated Brazilian betting (same-CPF product live since Dec 2024)
  • Colombia (the new Bre-B instant rail is already wired)
  • Africa (eleven payout markets)

Awards & recognition

Best Payment Solution Provider, UF AWARDS Global (forex/CFD circuit, announced at iFX EXPO International)
win2025
The company

Longevity and ownership

Switching vendors is expensive, which makes the company's staying power part of the purchase. What the contract says about your data decides how expensive an exit gets.

9 yrsTrack record
30 yrsLeadership tenure
Key people public
Yes
How it stacks up

PayRetailers vs alternatives

No two vendors describe themselves the same way, which makes their own claims hard to line up. Every name here answers the same fields, so you can see where this one sits against the closest alternatives.

AttributePayRetailersPay4FunAstroPay
Founded201720182009
Team265+150+320+
US marketRestrictedRestrictedRestricted
PricingOn requestOn requestNot published
Methods300+
Currencies24+1+11+
Coins0+0+1+
EMI / PI licensesBrazilBrazilUK, Denmark, Brazil +1
SettlementNot publishedFull amount funded to the merchant account on Pay4Fun GO, pitched as fast with no published T+nNot published
Instant payoutsYesYes

The take: Pay4Fun is the Brazil pure-play: BCB-licensed and deep in the local consumer market, but centered on one country. AstroPay is a consumer wallet distributed as an APM through other PSPs, strong on player reach and without operator-side compliance tooling. PayRetailers is the only one of the three with multi-market rails, a direct Pix seat in the group, and a betting-grade same-CPF product, so it wins on scope while both rivals beat it on local name recognition.

Commercials

Settlement & commercials

PayRetailers prices per deal, so exact figures land in the contract rather than on a public rate card.

Pricing is on request across the board: no per-transaction rates, setup fees, monthly minimums, rolling-reserve terms, or settlement T+n appear anywhere public. Marketing language implies tailored volume-tiered deals, so budget a full commercial discovery before shortlisting.

The deal

Processing feeOn request
Rolling reservenone stated

Money movement

Merchant settlementNot published
FX handlingAutomatic conversion to the merchant's preferred currency across 24 supported currencies (Jul 2026).

Onboarding path

  1. 1Talk to sales first, since pricing, settlement terms, and reserve policy are all negotiated per deal with nothing public to anchor on
  2. 2Pass KYB onboarding, with Brazilian betting flows contracting through Transfeera
  3. 3Scope your method mix per market from the payretailers.dev country guides and the OpenAPI spec
  4. 4Integrate the payments API v2, adding the customer-account validation endpoint if you take Brazilian betting deposits
  5. 5Configure payout corridors across the seven LatAm markets, the eleven African ones, or universal USD
  6. 6Go live, keeping in mind players see the local method, never a PayRetailers brand
Available as add-ons:Subscriptions and recurring payments (documented on the developer portal)Hosted checkout marketed as a one-stop solution, public detail thinMicro-deposit account validation mode for BrazilAutomatic FX conversion to the merchant's preferred currency
Request commercials
Working with them

Support & account management

You can't demo service before you sign, so what a vendor puts in writing is the only floor you can hold it to.

Es, Pt, EnNo published SLA
Questions

Frequently asked

The things operators actually ask before signing.

Which licenses does PayRetailers hold in Brazil, and through which entities?+

The regulated layer is Transfeera Instituição de Pagamento S.A. (CNPJ 27.084.098/0001-69), acquired with CADE and BCB approval in December 2024: a BCB payment institution and direct Pix participant since November 4, 2024. Brazilian betting flows contract through it, and the same-CPF validation product runs on its Pix seat. The wider marketing cites seven licenses in total, and the list behind that figure has never been published, so ask for the jurisdiction-by-jurisdiction mapping in the sales process.

How does PayRetailers handle Brazil's same-CPF rule for betting deposits?+

Through a purpose-built product Transfeera launched on December 3, 2024, a month before the rule took effect on January 1, 2025. Brazilian regulation requires betting transactions to come only from bank accounts registered to the player's own CPF, and the API validates that match in real time: POST /payments/v2/services/customer-account/validate checks a submitted CPF against a Pix key or bank account in either data-only or micro-deposit mode, returns a validation ID with explicit error codes, and the wider product adds intelligent routing, automated handling of non-compliant transactions, and support for multiple registered accounts per bettor. The docs are public at payretailers.dev, so your engineers can read the whole flow before the first sales call.

Does PayRetailers do player payouts, and in which countries?+

Yes, and the corridors sit in a public developer reference anyone can check. Seven LatAm markets in local currency (Argentina ARS, Brazil BRL, Chile CLP, Colombia COP, Ecuador USD, Mexico MXN, Peru PEN), eleven African markets including Nigeria, Kenya, Ghana, and South Africa, plus universal USD payouts. Brazil payouts run over bank transfer and Pix with every key type (CPF, phone, email, random key), including a Pix-only mode. What is missing publicly is any settlement timing or fee schedule, so T+n goes on the sales-call agenda.

Which platforms and orchestrators have PayRetailers connectors?+

The named set: Corefy lists a PayRetailers provider integration, Paylands (PaynoPain) documents one, Yuno lists the company as a partner, and Digitain's Paydrom payment solution has a named partnership. No casino-platform connector list exists beyond that, so if your stack runs on a specific casino platform, confirm the route in the sales process rather than assuming a pre-built connector.