Ecommpay, an International Payment Service Provider and UK and Europe Direct Bank Card Acquirer, has rolled out Direct Debit payments for
businesses operating in the UK and EU. This strategic initiative, undertaken in
collaboration with GoCardless, a bank payment company, is poised to expand
Ecommpay’s market reach by an estimated 44%, all while preserving existing
payment methods.
Direct Debit has witnessed a remarkable surge in popularity
among consumers, emerging as a trusted and widely used payment option in the
UK. Recent data indicates that a staggering 80% of Britons rely on Direct Debit
for their routine expenditures. Furthermore, insights gleaned from a survey
conducted by Ecommpay at the close of 2023 underscore the prevalence of
subscription-based services among UK consumers, with 54% embracing such
services during the pandemic and a significant portion continuing to do so post-pandemic.
Arthur Ribakovs, Head of Financial Partnerships, Ecommpay, Source: LinkedIn
Arthur Ribakovs, the Head of Financial Partnerships,
Ecommpay, said: “The addition of Direct Debit capabilities further expands
Ecommpay’s already extensive portfolio, including global card acquiring, Open
Banking: Advanced, and 100+ local payment methods via a single integration.
With a full-stack proprietary ecosystem that ensures 99.999% uptime and
around-the-clock business and IT support, Ecommpay is not only strengthening
its presence in the UK and Europe, but continues to improve its offering for
FinTech and e-commerce merchants.
In light of evolving consumer payment preferences and the
pressing need for businesses to address challenges such as fraud prevention and
cart abandonment rates, Ecommpay
has responded proactively by introducing Direct Debit payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term.
Ecommpay has launched Direct Debit payments across BACS and SEPA through GoCardless Embed, our white-labelled solution for payment service providers.
Find out more about the news here: https://t.co/KY8hSd8VLE#payments #news @ECOMMPAYglobal pic.twitter.com/O9iFoKBsMW
— GoCardless (@GoCardless) April 3, 2024
Improved Payment Security and Acceptance for Ecommpay
Merchants
The collaboration with GoCardless empowers Ecommpay’s
merchants to offer subscription-based payment solutions across the
UK and Europe. Notably, this strategic alliance promises improved acceptance
rates and heightened security against fraudulent activities, owing to the
inherent reliability of bank payments.
Ecommpay’s status as a Principal Member of Visa and Mastercard, coupled
with its certifications as a Mastercard MoneySend and Visa Direct partner,
underscores its robust credentials in the payments domain. With a diverse
payment service portfolio and a global footprint spanning 70 countries and 40
currencies, Ecommpay focuses on facilitating swift, flexible, and secure
transactions for businesses and consumers alike.
Ecommpay, an International Payment Service Provider and UK and Europe Direct Bank Card Acquirer, has rolled out Direct Debit payments for
businesses operating in the UK and EU. This strategic initiative, undertaken in
collaboration with GoCardless, a bank payment company, is poised to expand
Ecommpay’s market reach by an estimated 44%, all while preserving existing
payment methods.
Direct Debit has witnessed a remarkable surge in popularity
among consumers, emerging as a trusted and widely used payment option in the
UK. Recent data indicates that a staggering 80% of Britons rely on Direct Debit
for their routine expenditures. Furthermore, insights gleaned from a survey
conducted by Ecommpay at the close of 2023 underscore the prevalence of
subscription-based services among UK consumers, with 54% embracing such
services during the pandemic and a significant portion continuing to do so post-pandemic.
Arthur Ribakovs, Head of Financial Partnerships, Ecommpay, Source: LinkedIn
Arthur Ribakovs, the Head of Financial Partnerships,
Ecommpay, said: “The addition of Direct Debit capabilities further expands
Ecommpay’s already extensive portfolio, including global card acquiring, Open
Banking: Advanced, and 100+ local payment methods via a single integration.
With a full-stack proprietary ecosystem that ensures 99.999% uptime and
around-the-clock business and IT support, Ecommpay is not only strengthening
its presence in the UK and Europe, but continues to improve its offering for
FinTech and e-commerce merchants.
In light of evolving consumer payment preferences and the
pressing need for businesses to address challenges such as fraud prevention and
cart abandonment rates, Ecommpay
has responded proactively by introducing Direct Debit payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term.
Ecommpay has launched Direct Debit payments across BACS and SEPA through GoCardless Embed, our white-labelled solution for payment service providers.
Find out more about the news here: https://t.co/KY8hSd8VLE#payments #news @ECOMMPAYglobal pic.twitter.com/O9iFoKBsMW
— GoCardless (@GoCardless) April 3, 2024
Improved Payment Security and Acceptance for Ecommpay
Merchants
The collaboration with GoCardless empowers Ecommpay’s
merchants to offer subscription-based payment solutions across the
UK and Europe. Notably, this strategic alliance promises improved acceptance
rates and heightened security against fraudulent activities, owing to the
inherent reliability of bank payments.
Ecommpay’s status as a Principal Member of Visa and Mastercard, coupled
with its certifications as a Mastercard MoneySend and Visa Direct partner,
underscores its robust credentials in the payments domain. With a diverse
payment service portfolio and a global footprint spanning 70 countries and 40
currencies, Ecommpay focuses on facilitating swift, flexible, and secure
transactions for businesses and consumers alike.