GAUTING, Germany | Sofortbanking, a direct payment method from German Payment Network AG, is partnering with UK payment processor, SecureTrading, to enable merchants to offer their customers bank-to-bank online transfers, without registering or using a card.
The continued growth in e-commerce has resulted in the increase of cross-border payments methods to match the way consumers are shopping through multi-national websites. The partnership aims to give merchants a market advantage by enabling them to offer their customers alternative ways to pay at a lower cost. The companies hope that by collaborating they’ll also be able to expand into new markets, while giving merchants a real time alternative to traditional card payments and access to faster transactions.
“This is a new alternative payment method for SecureTrading, giving our merchants further choice for purchases. Partnering together keeps the cost of transactions at a minimum and enables fast delivery of goods and services, which in turn enhances the customer experience,” said Ian Hughes, CTO at SecureTrading.