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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 payments. So scroll as much as you’d like and maybe you will find some interesting payment news!

41% of German shoppers prefer to pay on account

Wallet

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. Continue reading

Top 3 of payment methods per European country

Payment methods in Europe

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. Continue reading

iDeal now has a market share of 57% in the Netherlands

Dutch payment method iDeal

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. Continue reading

German startup Paylobby compares payment providers

Paylobby

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. Continue reading

UK and France account for 73% of European card fraud

Credit card

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. Continue reading

Visa invests in Klarna

Visa invests in Klarna

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. Continue reading

Worldpay lets merchants accept payments on smartphone

Worldpay

Payments processor Worldpay has launched a pilot scheme, which enables microbusinesses to accept payments from costumers with an app instead of needing a card terminal. What is said to be an industry first could really help small businesses with accepting card payments easily. Continue reading

Klarna becomes a bank

Klarna

Klarna has been granted a full banking license by the Swedish financial supervisory authority Finansinspektionen. This means Klarna can operate as a bank, something it wanted for a long time. With a banking license, Klarna kan now broaden its product portfolio for customers and merchants. Continue reading

Ulmart plans to start accepting bitcoin

Ulmart.ru

Ulmart, the biggest online retailer of Russia, has announced it has plans to start accepting bitcoin as one of the payment methods. When things go through, the popular crypto currency will be accepted on Ulmart starting the first of September later this year. Continue reading

Purchase on account is payment method with highest revenue in Germany

Ecommerce in Germany

German consumers still like to pay for their online purchases only after they have received the goods. Most online retailers adapt to this, even when they offer payment by e-wallet or credit card in the first place. Purchase on account has further strengthened its leading position as the most revenue-intensive payment method in the German ecommerce industry. It’s followed by direct debit and PayPal. Continue reading

Dutch banks to launch all-in-one app Payconiq

Payconiq

Six major Dutch banks – ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS – have announced they will launch an all-in-one app this summer. This app, Payconiq, enables users to make direct payments online, in-store and peer-to-peer. Continue reading

Payment service provider Mollie expands in Europe

Mollie

Dutch online payment processor Mollie is gearing up for expansion throughout Europe in order to become the first tech-driven European payment service provider. After achieving success in its home country the Netherlands and neighboring country Belgium, Mollie has now established new teams in France and Germany. Continue reading

Checkout friction main cause of abandoned baskets

Checkout

Retailer’s don’t like abandoned baskets. But why do consumers leave their online shopping carts? In the United Kingdom, friction in the checkout is seen as the biggest driver of basket abandonment. A lack of payment methods and a lack of lending or credit options are other popular reasons for consumers to abandon the payment process. Continue reading

23% of Dutch ecommerce happens via mobile

Mcommerce

Online shopping via a smartphone or tablet continues to increase in popularity in the Netherlands. The number of online purchases that happened using the smartphone, grew 68 percent compared to 2015. Now, 9 percent of online purchases in the Netherlands happen via the smartphone, while the tablet accounts for 14 percent. Continue reading