What is Adyen?

Adyen is the payment service provider (PSP) that processes online payments collected by your nonprofit on Springly. This page answers the most frequently asked questions about it:

• Who is Adyen?
• Why did Springly choose Adyen?
• What happens if Adyen goes bankrupt?
• What are the differences between Adyen and S-Money?

Who is Adyen?

Adyen is a Payment Service Provider, or PSP.

It is the intermediary that makes online payments possible by providing an e-wallet for your nonprofit.

This e-wallet is where online payments from memberships, donations, ticketing, and your online shop are deposited. Whenever you're ready, you transfer that money from your e-wallet to your bank account.

As a PSP, like a bank, Adyen cannot use the funds held in your account for its own operations.

Why did Springly choose Adyen?

By choosing Adyen, we chose to work with one of the market leaders. Their services unlock a wide range of online payment options for nonprofits using Springly, including installment payments. They also deliver greater transaction reliability.

Adyen is one of the biggest players in the industry. In June 2018, Adyen announced its IPO, which valued the company at $17 billion.

What happens if Adyen goes bankrupt?

First, an Adyen bankruptcy is extremely unlikely: it is a major player in online payments, valued at $17 billion. Adyen counts many technology leaders among its clients, including Uber, eBay, Spotify, and Booking.com. It also works with iconic brands such as H&M, Mango, L'Oréal, Etam, and Comptoir des Cotonniers.

Funds collected on behalf of third parties are kept separate from the company's own assets. In the unlikely event of an Adyen bankruptcy, funds collected for nonprofit clients would therefore not be affected by that process.