Checkout.com expands online banking with Sofort payment option

Source: Checkout.com

Checkout.com is diversifying its online banking payment method mix by offering Sofort, an important European payment method, to its e-commerce merchants.

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”.

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