Computop, a leading global payment service provider, and ESW, the world’s leading direct-to-consumer (DTC) ecommerce company, announced today that the companies have extended their strategic partnership in several key global markets.
Building on its nine-year relationship with Computop in the UK, ESW will now also use its Paygate payment platform for local acquiring within the U.S., Canada, and Australia, with expansion into future markets already planned.
The move reflects growth in the global ecommerce market, with sales expected to exceed $5 trillion worldwide in 2022, and predicted to continue to grow over the next few years. To support this ongoing growth, the need for a streamlined, secure payments process that includes consumers’ preferred payment methods is critical to drive conversions and reduce abandonments for all ecommerce operations.
Together ESW and Computop empower a seamless online payments experience for ESW’s brand and retailer clients, processing cross-border transactions for ESW globally including the UK, U.S., Canada, and Australia. With this extended partnership, Computop’s Paygate platform will now also process ESW’s payments domestically in North America and Australia, including all major credit cards and key digital payment methods (DPMs) used in these countries.
Computop Paygate facilitates payments with maximum security, enabling connections to more than 350 payment methods and acquirers domestically and globally. With Paygate’s connections to many acquirers, brands like ESW have the flexibility to provide their customers with what’s needed for consumer payments in each geography, and the domestic acquiring offered translates into lower costs and increased conversion rates for merchants. Computop Paygate is a single platform that can be easily and cost-effectively used for both national and cross-border transactions, making it well-suited for ESW’s growing global and domestic needs as it provides a comprehensive, end-to-end shopping solution for brands and retailers worldwide.
Jason Macklin, Vice President of Payments for ESW, commented, “A frictionless, familiar, and secure checkout process is one of the foundational components underpinning a successful ecommerce experience. Globally, consumers’ preferred payment options vary significantly, and by expanding our partnership with Computop we can now deliver the localised, preferred payment options that engender trust, help ensure repeat customers and grow customer lifetime value.”
“The significant expansion of ESW’s work with Computop into new countries is a testament to the strength of our long-term relationship in the UK and the Paygate global payment platform,” commented Philip Plambeck, Senior Vice President, UK Sales, Computop. “We are excited to extend our work together to facilitate ESW’s global payment orchestration for these key markets and look forward to future expansion opportunities.”