Payolution launches e-commerce payments service in Netherlands

Dutch market debut with online retailer Bergfreunde

payolution, a white-label e-commerce and pay-later solutions provider and part of Paysafe Group plc (PAYS.L), has launched in the Netherlands. The Dutch rollout of the payment offering marks the first time payolution’s services have been offered in a non-German language.

payolution enables businesses to provide their customers with the ability to buy online and then pay later, after receipt of the goods or via a payment plan.

The push into the Netherlands has been made in partnership with German-based climbing specialist Bergfreunde, an online retailer for mountain sports gear, which payolution already works with in Austria, Germany and Switzerland.

As part of the collaboration with Bergfreunde, which stocks more than 25,000 products from more than 350 manufacturers, payolution is providing an end-to-end white-labelled payment service enabling the retailers’ customers to pay later online. With its full service offering, payolution takes care of the upfront payment and handles all technical and operational aspects of their pay-later solution.

“We have built a strong brand in the Netherlands in recent years, a market where consumer trust in our products and services is essential,” said Bergfreunde Managing Director Ronny Höhn. “A quick, simple and flexible checkout process is an essential part of this and being able to purchase sports equipment by invoice via our online offering will further spur trust and customer engagement.”

The Dutch e-commerce market generated turnover of 16.1 billion euros in 2015, a 16.1% increase on the previous year and well above the 2.2% growth seen in general retail in Europe, according to a Netherlands B2C e-commerce report published in April 2016 by the Dutch ecommerce association Thuiswinkel.org. Some 12.9m people shopped online last year in the Netherlands: 93% of the country’s population.

Commenting on the Dutch e-commerce market and the launch in the Netherlands, payolution CEO Bernhard Linemayr said: “These figures speak to a very engaged digital community of shoppers. Merchants are increasingly looking for payment solutions that support their online retail needs and provide consumers with more choice. Our digital ‘pay by invoice’ service addresses that market need.”

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe makes transactions easy by enabling fast, convenient and secure ways to pay-before, pay-now and pay-later through its digital wallets, prepaid solution, payment processing and card issuing & acquiring products and services. We believe that every point of every payment should be relevant, simple and secure. With nearly two decades of experience, Paysafe is trusted by merchants, and by consumers in more than 200 countries and territories, to move and manage money via more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe’s brand portfolio includes NETELLER® and Skrill®, paysafecard®, payolution® and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com

For further information, contact:

Paysafe Group plc
Anna Howard, Head of Corporate Communications
+44 (0) 20 3826 9822 / anna.howard@paysafe.com

Tavistock (Financial PR)
Simon Hudson / Mike Bartlett / Andrew Dunn
+44 (0) 20 7920 3150 / paysafe@tavistock.co.uk