SEOshop, provider of e-commerce software in the cloud, is from December 1st the first webshop platform in Europe to offer their own payment service. Merchants were previously forced to negotiate their own pricing with payment methods and payment service providers. Paul Alfing, chair e-Payments Committee Ecommerce Europe: “this could provide hudge benefits for merchants”. Not only will they benefit from the scale, which leads to lower prices, but this could also make it easier to acquier cross border payment solution.
According to SEOshop, the market for electronic payments is very opaque for most merchants, because transaction costs depend on volume and negotiation and many owners of growing online stores are struggling to make proper arrangements. The new solution, called SEOshop Payments, is unique because the SEOshop e-commerce platform has a much stronger bargaining power than its customers. SEOshop leverages this economy of scale to offer packages with a much lower cost per transaction than is usual in the market and webshop owners need not negotiate themselves anymore.
For more information about SEOshop visit their website.