August 30, 2015
Checkout.com is diversifying its online banking payment method mix by offering SOFORT, an important European payment method, to its e-commerce merchants. Access to this payment method and others is simpler than ever with Checkout.com’s integrated platform.
A Strong Local Presence in Europe
SOFORT, a popular European payment method, is now available within Checkout.com’s Checkout platform. With one integration, Checkout.com merchants looking to sell in Europe can easily reach up to 18 million additional customers in 13 countries: Germany, Austria, France, Italy, Poland, Spain, the Czech Republic, Belgium, the Netherlands, Switzerland, Hungary, Slovakia, and the United Kingdom.
In addition to providing international credit and debit card processing through its direct acquiring relationship with Visa Europe, MasterCard International, Union Pay International, American Express, Diners Club International and the Discover Network, Checkout.com is building partnerships with rapidly growing local payment providers around the globe in order to offer the most comprehensive cross-border payment solution for the internet.
Checkout.com’s focus on local payments has led to the creation of a unique solution that allows merchants to seamlessly connect all the local payments they need to their website via one single integration, regardless of the solution type (for example, eWallets, mobile payments, online banking or prepaid cards). This product typically targets merchants processing with credit cards who want to expand their reach around the globe by offering local payment options to ensure they never miss a sale again.
Mathieu Altwegg, Checkout.com CEO, says: Our relationship with SOFORT is already a few years old and we are very happy to have them live on our new platform. Relentlessly, SOFORT and the Klarna Group are pushing the innovation agenda in the European payment space.
Dr. Gerrit Seidel, CEO of SOFORT GmbH, says: With Checkout.com integrating SOFORT Überweisung in its portfolio, now even more merchants worldwide are able to make use of our safe and simple payment method and reach out to their customers. The cooperation with Checkout.com helps us not only to strengthen our position in Europe, but especially to drive our global growth.
Founded in 2010, Checkout.com is an international FinTech company offering the most comprehensive cross-border payments for the internet. Checkout offers a fully customisable one-stop solution through one simple integration. Checkout.com’s 100-person team serves e-Commerce merchants worldwide through its London, Dubai, Singapore and Mauritius offices. Further information available at .
With its payment system SOFORT Banking, SOFORT Banking Paycode and the Online Verification System SOFORT Ident, SOFORT offers innovative products to ensure a secure purchasing of goods and digital products on the Internet. The company based in Gauting near Munich (Germany) is part of the Klarna Group, the leading European payment provider.
With its product SOFORT Banking the company is the market leader among the direct transfer systems in Germany. Over 30,000 ecommerce shops handle more than three million transactions with SOFORT Banking per month. Besides Germany, the services are available in Austria, Belgium, Czech Republic, France, Hungary, Italy, the Netherlands, Poland, Spain, Slovakia, Switzerland and the UK.
SOFORT is already an important player in the European payment landscape. It covers 99.9% of banks within its supported geographies, accounting for 13% and 7% of e-commerce transactions in Germany and Austria, respectively, and is continuing to grow.