In the past three years, we’ve recognised that credit & debit card payments coupled together with a digital wallet like PayPal, lets you cover the majority of online transactions in Europe. With that combination of payment methods, you’re able to cover over 90% of online purchases in the vast majority of European countries – which…
While the world of online payments may seem simple on the outside. There’s a lot complexity happening in the background, and with it comes a whole lot of terms you’ve probably never heard of. During our day-to-day activities we tend to get asked a lot about what these terms mean. So we created this blog…
[red_box]Important: The following new rules by Visa are mandatory for recurring payments starting April 18th, 2015, please make sure to comply by then.[/red_box] Do you run a subscription business and want to build trust with your customers while reducing the amount of chargebacks you receive? By selling products or services that are paid for regularly (e.g.…
Having worked in e-commerce for the past four years, I’ve seen many arguments for and against 3-D Secure (Verified by Visa and MasterCard SecureCode). The majority of these against focus on an apparent hit on your conversion with 3-D secure, which adds an additional step to your checkout and increases the friction experienced by your customers paying…
No matter what fast moving consumer good you’re purchasing – in most cases you can always find a subscription for it. The busy consultant, who gets new black socks every month (London Sock Company), the girl next door, that wants to try out cosmetics every month (LoveLula), the old lady whose subscription is filled with…
When you’re in a startup it’s very easy to get caught up in the thick of things – making time fly by so quickly and things easy to forget. This time last year we introduced Elektronisches Lastschriftverfahren (ELV) as a new local payment method for Germany. ELV is essentially direct debit, whereby merchants directly pull…
Bitcoin has been gaining widespread media attention recently – and to be honest, we often get asked about this whenever we’re attending events. But while to most observers Bitcoin may seem to be a new means of online payment it was first introduced in 2008. Satoshi Nakamoto (presumed to be an alias) is credited with being the founder and…
This is a post written by Gunther Greven (VP Strategy, PAYMILL) and Stefan Sambol (COO, PAYMILL) Credit card fraud is an unpleasant but very present phenomenon – particularly in daily e-commerce business. In distance selling situations, card data is transmitted in large numbers via internet connection around the globe and is processed by numerous parties in a…
The basket is filled to the brim but the actual buying process is interrupted in the middle. “Lying abandoned” shopping carts are a thorn in the side of every online retailer. Listrak has estimated that 18 billion euros is the total value left in abandoned shopping carts. Why is the check-out addition to a concise store…
Many of your have probably heard about SEPA and the changes which will occur from 2014 onwards. Here you find a few words from us how we are going to deal with the topic. What is SEPA and how does PAYMILL deal with it? The Single European Payments Area (SEPA) is the Europe-wide unification of…