News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Stripe Adds Local Payment Methods for Europe

Stripe Adds Local Payment Methods for Europe

For merchants in Europe or those in other countries that would like to sell in Europe, the ability to accept favored local payment methods is vital. In countries like Germany and the Netherlands, where credit cards are not the online payment method consumers prefer, being able to offer SOFORT and iDEAL will increase conversion. Stripe, a company founded to make credit card acceptance simple for U.S.-based online merchants, has grown quickly in other countries. To continue that growth, the company this week announced support for Giropay, iDEAL, Bancontact, SEPA Direct Debit and SOFORT. When the online payments provider announced in late November a new $150 million capital investment, international expansion was high on its list of priorities. The company revealed the news of the additional payment methods on its blog and noted that U.S. businesses that want to sell in Europe will have access to them soon. Stripe said its customers in Europe can begin accepting any of the new payment methods now. “”For Stripe users, supporting these varied payment methods requires integrating just one unified API. Payments made with any of these different methods will show up in the Stripe Dashboard, which makes reporting and reconciliation easy,” Stanislaus Polu, software engineer at Stripe, said in the announcement. “These payment methods also work with the rest of the Stripe stack: you can design great mobile flows, create subscriptions, or build support for these payment methods into your Connect platform.”