FORT LAUDERDALE, Fla. – Online payment processing provider Segpay has announced the addition of Cosmo Payment as a new pay-out solution for EU and UK merchants. With Cosmo Payment, merchants in those geographies can settle payments in USD, Euros and GBP. Segpay noted that the introduction of Cosmo Payment “also brings another solution for depositing funds to merchants for simple third-party payment.”

“The addition of Cosmo Payment continues Segpay’s mission of providing the best payment solutions available,” said Segpay CEO Cathy Beardsley.  “We felt this new option would simplify payments while also maximizing earnings to many of our merchants.”

In its announcement, Segpay said that during the pandemic, the company “has seen an amazing amount of growth in both the cam and fan markets.”

“Cam models and the entire cam segment became top financial performers as cam models, influencers and performers moved to fan programs to further monetize their brands,” Segpay added in its statement, noting that about 60% of Segpay’s current business is in cam sites and “approximately 50% of recent sales leads have been in fan sites.”

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, Segpay noted in its announcement. 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 convenient solution allows merchants to not only globally pay but to also get paid,” Segpay added.

For more information about Segpay and the services offered by the company, go to Segpay.com.