For almost a third of all online shoppers in Germany, purchase on account is the most popular payment method. Last year, this method gained even more sales than in the year before. PayPal ranked second among the payment methods with the highest turnover.
Payments - archive
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 findRead more about Payments
Swedish fintech company Klarna has entered Spain today with the launch of its ‘buy now, pay later’ service. This service allows shoppers to pay in three interest-free installments at some online retailers across the Southern European country.
Analysis shows that 58 percent of European checkouts have at least three basic errors, which could complicate the checkout process for customers. Many online stores don’t automatically verify the card number or they let customers attempt to pay with an expired card date.
Stripe has expanded its payment services in Europe. The American tech company is now generally available in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta. The payments company can now support businesses in 29 countries across Europe.
Payments platform VibePay has opened up its APIs for bank-to-bank payments and subscription payments, making payments available for retailers, businesses and SMEs. The move comes after the UK-based company secured about 1.4 million euros in funding.
eBay will introduce its managed payments experience in the United Kingdom, making this the third market to offer the new payments experience, after the US and Germany. The service offers buyers flexibility and choice in payment methods, while giving sellers a better way to manage their businesses.
German consumers prefer to pay with PayPal when they are shopping online. This payment method was the favorite of 57 percent of customers who have a preferred way to pay for their online orders.
BigCommerce introduced a collection of multi-currency features, which enables merchants to present and process online purchases in over 100 foreign currencies. This should make it easier for online stores to sell cross-border to shoppers across Europe and beyond.
Payoneer has acquired Optile, a German payment platform that gives businesses access to any payment method and provider. With the acquisition, Payoneer wants to further build a platform that drives global growth for enterprises, marketplaces and small and medium-sized business worldwide.
Cards are the preferred payment method in Europe, for both consumers and merchants. The use of cards has expanded over the past few years, with 87 percent of European consumers feeling comfortable paying by card.
Payments Europe is a new association, formed by European and global card-based payment solution providers. The new organization wants to present the industry’s common views and advocate for a fair regulatory environment in Europe.
Payconiq, a mobile payment app supported by several Benelux banks, wants to expand further in Europe. To achieve this goal, it just raised 20 million euros in a funding round led by its existing shareholders.
Most growth of a European country’s ecommerce market can be expected in the Czech Republic, where it’s predicted the online retail industry will grow 16 percent between now and 2021. That’s more than in other European markets.
Dutch online payment processor Mollie has raised 25 million euros from a group of technology and payment entrepreneurs. With the money, Mollie wants to accelerate its expansion through Europe.
Consumers in Europe think security is more important than convenience when it comes to paying online. But in the UK, the difference is quite small. Over half of Brits chose security, while 43 percent selected convenience.