Fungies

Fungies operates a payments and commerce platform for digital products, acting as Merchant of Record so that sellers do not have to register for tax in the markets they sell into. The platform combines a no-code store builder, hosted checkout and embeddable checkout elements with product types including digital downloads, game keys, game assets, software keys, gift cards, one-time payments and subscriptions. An admin dashboard covers orders, payments, subscriptions, reporting, users, discounts, apps and developer settings, alongside documentation, an API reference, a help center and affiliate management.

As Merchant of Record, Fungies is registered for VAT across 27 EU member states, US sales tax and GST, and collects, remits and files these taxes under its own registrations. Tax is calculated from the buyer's location and displayed before payment; each order is itemised into tax owed, platform commission and the seller's net proceeds. Checkout is localised in the buyer's language and currency, is PCI-compliant and applies 3D Secure where issuers require it. The company states sellers can launch a store on their own domain in about five minutes, with templates, sections, hosting and SEO included.

The platform supports more than 250 payment methods through a single integration, spanning cards (Visa, Mastercard, Amex), global wallets (Apple Pay, Google Pay, Revolut Pay), bank transfers and debits (SEPA direct debit, iDEAL, Multibanco vouchers), buy-now-pay-later options such as Klarna, Korean local wallets including Naver Pay, Kakao Pay, Samsung Pay and Payco, and crypto and stablecoin payments without the seller holding the asset. Digital delivery of files, licence keys or subscriptions is automated on payment clearing, followed by a compliant invoice.

Business model

Fungies is the Merchant of Record on transactions processed through its platform, taking on payment processing and tax obligations on behalf of sellers and passing net proceeds to the seller's connected payout account.

Transaction-based commission of 5% plus 50 cents per sale, with processing fees included in the commission. The company states there is no platform fee, monthly minimum, compliance retainer or setup cost, and that pricing is negotiable at higher sales volume. Accounts are free to start with no upfront costs or credit card required.

Traction

The site reports more than 17,000 stores created on the platform, availability to sell into 150+ countries and support for 250+ local payment methods.