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Computop adds bitcoin

GERMANY | Computop and Bitnet - a bitcoin payments processor - partner to enable global merchants to accept bitcoin as a payment method through Computop Paygate - Computop's global payment processing platform.

Computop Paygate

With just one interface needed, Computop Paygate allows retailers access to over 60 payment methods for e-commerce, MOTO, mobile payment and POS solutions. Now Bitcoin has now been added to Computop's offering. Leading e-commerce solutions including Demandware, hybris, Intershop and Magento all support Computop Paygate as a payment processing solution. 

Blockchain Payments

Bitcoin is a decentralised digital currency that does not depend on any central authority such as a bank to process or validate transactions.  Instead, the computing power from a global network of users is leveraged to authenticate transactions and record them in a distributed and publicly available ledger known as the blockchain. This transparency, coupled with the ability to address points of friction in traditional payments networks, has led to a surge in interest in bitcoin in recent years.

Low Fees, Freedom from chargebacks, No cross-border fees

Through the Computop and Bitnet partnership, merchants are able to offer the bitcoin payment method to customers in a simple, safe and secure manner.  Merchants benefit from low fees and freedom from chargebacks, in addition to being able to extend their global reach without incurring cross-border fees. Merchants will be funded by Bitnet in the local currency of their choice.

'Smooth and risk-free'

“We recognize that the bitcoin ecosystem is growing throughout the world and are excited to be the first European Payment Service Provider to partner with Bitnet to enable merchants to accept payments in bitcoin,” said Ralf Gladis, CEO of Computop. “Through this partnership, retailers don’t have to worry about the management of this evolving payment method. They can simply accept bitcoin as payment from customers, and know that the process will be smooth and risk-free for them.”  

“Our partnership with Computop enables us to extend our bitcoin payments processing functionality to merchants globally,” said Akif Khan, Chief Commercial Officer at Bitnet.  “We look forward to working with Computop to enable merchants throughout Europe, the U.S. and Asia to accept bitcoin payments from their customers.”

   

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About Computop

Computop is a leading global payment service provider (PSP) that provides compliant and secure e-commerce, Point of Sale (PoS), m-commerce and Mail Order and Telephone Order (MOTO) payments globally. The company, founded in 1997, is headquartered in Bamberg, Germany, with local teams in the U.S., UK and China.

Since the recent asset-deal with the Otto Group, all 100 international Otto trademarks now use Computop Paygate to support retail payments. In order to provide a complete multichannel solution for merchants, Computop has an international partner network and a global banking portfolio providing merchants with a seamless and secure transaction process.

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