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 payment methods in Europe. So scroll as much as you’d like and maybe you will find some interesting payment news!
Juni, a fintech company from Sweden that is aimed at ecommerce and marketing entrepreneurs, has raised 21.5 million dollars (18.2 million euros) in a Series A round of funding. The money will be used to focus on Juni's product development and to hire more people.
Shopify has revealed its new Payments Platform. It's a way to integrate third-party payment gateways into Shopify Checkout, so merchants can add them as payment options for their customers. The payment gateways can be created as Shopify apps.
Liberis has been selected by Klarna to provide revenue-based finance to ecommerce companies across 17 countries in Europe and beyond. Liberis has already financed over 17,000 small and medium-sized enterprises with over 575 million euros.
Smart Fintech, an open banking third party provider from Romania, has officially launched SmartPay. This is said to be the first alternative payment solution that is authorized by the National Bank of Romania.
Dutch payments startup Mollie has raised 665 million euros in a Series C funding round. The payment service provider has raised a total of over 780 million euros to date. With the money, Mollie wants to expand further and scale its team.
Three in four European consumers (74 percent) say they will stick to their pandemic online shopping levels, meaning they won't reduce their ecommerce activities now they can shop offline again. So it looks like the shift to ecommerce is here to stay.
Payment and banking service provider FinXP has launched Real Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants. The Malta-based electronic money institution says its transaction fees are lower than many other popular alternative payment methods.
Hokodo, a B2B buy-now-pay-later provider, has raised 12.5 million dollars (10.28 million euros) in a Series A round. The London-based fintech startup will use this money to extend its services across Europe.
UTP Group, a UK payment solution company, now offers its ecommerce customers the ability to receive fund settlement within hours instead of days. It claims to be the first to offer same-day funding online and in stores.
The use of mobile payments has further increased in France. The share was 18 percent in 2018, but has now grown significantly to 38 percent. Currently, half of French consumers intend to use their smartphones for in-store payments in the future.
Lightspeed has announced the launch of Lightspeed Payments in Europe. At first, this payment solution will only available for hospitality merchants in the United Kingdom. Soon it will be available for retailers. Other European markets will also follow soon.
PayPal today announced the launch of Checkout with Crypto. With this feature, PayPal customers can pay with crypto coins alongside other payment methods in their PayPal wallet. Checkout with Crypto is available at millions of global online retailers and other businesses.
Online retailers who sell on Amazon and use a payment service provider (PSP) to receive their Amazon sales proceeds, need to make sure their PSP participates in Amazon's Payment Service Provider program. Here's what is about to change and how you can be ready for the changes.