Payments

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!

Shopify supports multi-currency payouts

By Arjan - November 28, 2024 - Subject(s): Cross-border, Payments, Software.

Shopify now supports payouts in multiple currencies for European merchants. For many larger online retailers, this eliminates a key reason to operate multiple stores simultaneously or opt for alternative ecommerce software.

Mollie launches in Italy

By Pleuni - November 14, 2024 - Subject(s): Launch, Payments.

Dutch payments fintech Mollie has announced that it is expanding to Italy. Businesses in the country can now use the payment platform for online transactions. The platform has also added Italian local payment methods.

Only 2% of Germans have tried Wero so far

By Arjan - November 11, 2024 - Subject(s): Cross-border, Payments.

Wero, the new payment service backed by major European banks, remains largely unknown and unloved in Germany. Despite an introductory campaign, seven out of eight Germans report being unaware of the payment method, and only 2 percent have tried Wero so far.

Alibaba introduces seller protection program in Europe

By Arjan - October 31, 2024 - Subject(s): Marketplaces, Payments, Trustmarks.

With Trade Assurance, Alibaba introduces what it calls a new standard for safe and transparent digital B2B trade in Europe. The service portfolio is initially available for businesses in France, Germany, Italy, and Spain.

Kaufland offers loans as payment

By Pleuni - June 21, 2024 - Subject(s): Marketplaces, Payments.

German online platform Kaufland is collaborating with Consors Finanz, a provider of consumer loans and part of BNP Paribas Group. Online shoppers can now use a loan financing option to purchase products on the platform.

PayPal remains most popular online payment method in Germany

By Arjan - April 23, 2024 - Subject(s): Consumer behavior, Payments, Statistics.

PayPal was the most used online payment method among German online shoppers in 2023, like the year before. However, the American company saw its share of the local payment market decrease. Buy now, pay later services are on the rise.

eBay Germany discontinues cash on pickup

By Arjan - September 13, 2023 - Subject(s): Marketplaces, Payments.

eBay sellers in Germany can no longer accept cash payments from customers when they pick up their orders. Click & collect is still available, but payments must be made through the "existing standard payment processing”.

Sprinque expands to Germany and Spain

By Pleuni - September 12, 2023 - Subject(s): Launch, Payments.

Dutch B2B payments provider Sprinque is announcing its launch in Germany and Spain with new offices in those countries. The company wants to eventually offer its payments platform to the complete European market.

BNPL is growing strongly in Germany

By Arjan - September 6, 2023 - Subject(s): Consumer behavior, Payments.

Buy now, pay later (BNPL) is experiencing significant growth in Germany, especially among young consumers. Schufa has reported a 30 percent increase in BNPL usage in just one year. The credit agency warns about the risks associated with deferred payments.

Klarna reaches 100 million European users

By Pleuni - August 23, 2023 - Subject(s): Payments.

Swedish fintech Klarna now has more than 100 million European users on its platform. It has also achieved a 14 percent year-on-year GMV growth in the second quarter in Europe. Within the United Kingdom, the GMV growth was even higher, 26 percent.

Zalando pioneers with save now pay later

By Arjan - July 27, 2023 - Subject(s): Payments.

Zalando has partnered with Savrr, a relatively unknown start-up until recently. Together, they offer German Zalando customers a new service: 'save now buy later', the counterpart of 'buy now pay later'.

iDeal transactions in the Netherlands increased 7.9%

By Pleuni - July 4, 2023 - Subject(s): Payments.

Last year, more than 1.2 billion payments in the Netherlands were fulfilled through iDeal, the popular local payment method. This is an increase of 7.9 percent compared to 2021. The online payment method shows strong growth, despite a decrease of 5 percent in ecommerce purchases within the country.