Alipay, the biggest payments firm of China, will be available in 20 countries across Europe at the end of this year. The mobile payment platform is said to have signed deals with over 100 banks and 40 digital wallets companies in Europe.
As an online retailer you love to make money, right? Of course, that’s what this business is all about! But what are the payment options you can choose from when you want to sell in, let’s say, Spain? Or when you have Dutch customers? Here in this category you’ll find all the articles we’ve ever written about online payments. So scroll as much as you’d like and maybe you will find some interesting payment news!
The popular Dutch payment method iDeal performed well last year. The number of payments with iDeal has increased by 33.8 percent during that period, which is a growth the method hasn’t seen since 2011. More and more foreign online stores are now offering iDeal to Dutch customers.
Adyen, a major Dutch company that processes payments for companies such as Airbnb, Uber, Spotify and Netflix, confirmed it plans to list its shares publicly in Amsterdam. The company announced it will go public on the Euronext stock market next month.
Payments company Square has launched Stand in the United Kingdom. This is a hardware solution to turn an iPad into a point of sale system, so retailers can accept payments and run their business operations from their countertop. The launch of Stand in the UK follows one year after Square itself launched in this European country.
When it comes to paying, German consumers are rather conservative when they are shopping online. Four in ten Germans prefer to pay on account. The second most popular payment method is PayPal, favored by almost one in three online shoppers in Germany.
PayPal and VISA dominate the European ecommerce industry. In almost every country in Europe, one of these two is the most popular payment method for online shopping. Only in the Netherlands, the most popular payment method isn’t PayPal or VISA. Let’s have a look at the top 3 per country.
When you are an online retailer that’s active in the Netherlands, you can’t go around offering iDeal. The payment method now has a market share of 57 percent in its home market. Last year, Dutch online shoppers paid almost 33 billion euros in over 378 million iDeal transactions.
Paylobby, a young startup founded in Munich last year, offers an online comparison portal of payment service providers and consultations. With this tool, it wants to help ecommerce businesses optimize their payment systems for their customers’ needs, while reducing their online payment costs.
Card fraud losses in Europe hit approximately 1.8 billion euros in 2016. The United Kingdom saw the highest losses. The value lost to fraud was worth 646 million euros in 2015, but increased by 9 percent to about 703 million euros last year. Together with France, the UK accounts for almost three-quarters of card fraud across Europe.
Visa will invest in Klarna, one of Europe’s fastest growing online payments companies. Today, the two companies announced they have the intention to develop a strategic partnership in the future. Visa and Klarna want to accelerate ecommerce and mcommerce for the benefit of consumers and retailers in Europe.