Offer the payment methods your customers use
See yourself in Europe?
We have the alternative payment options to take you there. Grow your market and lower your risk.
Whether you currently sell into Europe, or are considering making the transition, BillPro provides the leading bank transfer solutions across Europe’s most dominant markets. Bank Transfer enables a simpler, faster and more profitable way to accept payments due to risk reduction, lower processing fees, and advanced settlement timetable.
BillPro offers you a true cross-border payment alternative to credit cards, including:
iDEAL Payments in the Netherlands dominates the bank transfers market there with 59.5% market share. Bank transfers are by far the most popular payment method among Dutch consumers, accounting for more than 63% of all transactions. Consumers make more than 13 million payments via iDEAL every month, and that number is steadily rising. iDEAL payments have grown at more than 20% or higher each year since the company’s founding in 2006.
Giropay connects to more 70% of the banking network in Germany, where Giropay is a popular service among shoppers who prefer to pay for online purchases via direct bank transfers. Giropay is heavily advertised in Germany which contributes to its high adoption rate among the country’s online banking users. Together, Giropay and EPS deliver access to nearly 40 million shoppers across Germany and Austria.
Sofort, another popular German provider of bank transfer services, is connected to more than 90% of Germany’s banks and has more than 12 million users. Sofort also offers multicurrency payment options and is available in a dozen other European countries: Austria, Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia, Spain, Switzerland, and the UK. In late 2013, the company merged with Klarna of Sweden to form Klarna Group, one of the continent’s leading payment providers.
Przelewy24, often referred to as P24, is a popular bank transfer service in Poland, where bank transfers account for the majority (44.6%) of consumer transactions. P24 is linked to all of Poland’s major banks—nearly 100 in all–and has captured approximately 9% of the Polish market.
Teleingreso in Spain offers a cash-in online payment service that allows customers to make a purchase online, receive a unique transaction code, and use it to pay with cash or a card at a local Teleingreso location. The service improves merchant access to unbanked Spanish consumers and those who are concerned about data security and personal privacy online.
How Bank Transfer benefits your business:
- Provides an alternative to credit card payments
- Avoid chargebacks
- No refunds or charge reversals across several markets
- Assured funds and real-time notification
- Popular, high conversion-rate payment methods
- Instant access to European markets
- Applies to merchants in all industries and risk levels