PagSeguro is a financial services and digital payments company based in São Paulo, Brazil, and incorporated in the Grand Cayman, Cayman Islands. Founded in 2006, the company primarily offers payment processing software for e-commerce websites and mobile applications and point of sale terminals. It has been traded as a public company on the New York Stock Exchange since January 2018 with the ticker symbol PAGS.
PagSeguro is part of Universo Online (UOL group), which, according to Ibope Nielsen Online, is Brazil's largest Internet portal, with more than 50 million unique visitors and 6.7 billion page views every month. In 2015, it was recognized as the "Best Payment Method" by the Congresso Afiliados Brasil (Brazil Affiliates Congress).
PagSeguro is an e-commerce company that intermediates payment between sellers and buyers by offering a billing option via email for traders who do not have a site or well-structured e-commerce and it has agreements with several banking institutions so that sellers can offer buyers different payment methods. These banking institutions receive the payment and transfer it to the seller after making sure that there was no fraud in the operation. The service offers over 25 payment methods.
For purchases in which the customer neither receives the product nor does it as agreed, a dispute (claim) can be started. PagSeguro mediates the dispute, in order to help the buyer to receive either the product or the money back, as well as to help the seller to have the transaction value refunded or to return it to the buyer.
In May 2016, PagSeguro launched Split Payment, a tool that acts on transaction commissioning models.