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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!

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

Splitit’s interest-free installment payment solution focuses on Europe

Splitit

Splitit enables consumers to pay for online purchases with interest-free monthly payments. The fintech startups lets consumers use their existing credit cards and divide the total cost up to 12 payments. Ecommerce News talked to the company, which is now aiming most of the marketing efforts towards Europe. Continue reading

PayPal has over 200 million active accounts

PayPal

The PayPal community of customers, which consists of consumers, merchants and charities, has exceeded 200 million active accounts. Also, 50 million PayPal consumers have opted in to use One Touch, the company’s quick payment system. Continue reading

Klarna acquires German payment company Billpay

Klarna

Klarna today announced it acquired BillPay, a German online payment company that’s active in several European countries. With the acquisition, Klarna wants to strengthen its position in Europe and further grow in the region. Continue reading

Stripe supports popular European payment methods

The most common payment methods in Europe.

Payments company Stripe has today introduced support for five popular payment methods in Europe: Bancontact, Giropay, iDeal, SEPA Direct Debit and Sofort. By offering these payment methods, Stripe becomes a lot more interesting for European businesses. Continue reading

German payment method Paydirekt attracts DocMorris

Paydirekt

Paydirekt, the online payment method set up by major (saving) banks in Germany, has attracted another top retailer. From now on, customers of online pharmacy DocMorris can pay for their online order with Paydirekt. Continue reading

Apple Pay launches in Spain

Apple Pay in Spain

Apple has launched its mobile payments service Apple Pay in Spain. It supports cards from Banco Santander, Carrefour, Ticket Restaurant and American Express. At the moment, Apple Pay in Spain can be used at 27 major retailers, including Media Markt and Bershka. Continue reading

Ecommerce Europe wants risk-based approach to electronic payments authentication

Authentication

Ecommerce Europe is concerned that the proposed one-size-fits-all approach to authentication undertaken by the European Banking Authority won’t help the ongoing fight against online fraud. The European ecommerce association thinks it will only damage the European ecommerce sector and opts for a risk-based approach. Continue reading

Why Google chose Poland to launch Android Pay

Android Pay

Google just launched its own payment system, Android Pay, in Poland, making this only the second country in Europe where consumers can use Android Pay to make mobile contactless payments. But why Poland and not, for example, Germany or France? Piotr Jan Pietrzak explains why. Continue reading