Shoptet selects Salt Edge to offer instant cardless payments

By Gloria Methri

Shoptet, the e-commerce solutions provider has joined hands with Salt Edge to enable instant payments and money transfers from account to account without the need for a payment card.

According to Shoptet’s data, 34% of customers choose account-to-account transfer as a payment method, 31% – cash on delivery, 29% prefer card payments, and only 6% choose cash payment on the spot.

Teaming up with Salt Edge and leveraging open banking-powered payments, Shoptet is enabling more than 30,000 Czech e-shops to use the Shoptet Pay payment gateway and enjoy an instant payment experience.

Salt Edge Payment Initiation solution helps Shoptet to integrate with more than 2,300 banks across Europe to offer merchants an affordable and faster payment option, eliminating the expensive card processing fees from payments. While the Account Information solution will help their merchant clients automatically reconcile payments.

Ondřej Buben, Head of Shoptet Pay said, “The advantage of FinTech and PSD2-enabled payments compared to current online bank transfers is, among other things, that funds do not go through any intermediary, the transfer takes place from account to account, and this results in considerable acceleration, simplification, and is completely safe. And we are excited to partner with Salt Edge, being tied by a common goal to foster innovation and to offer the best payment experience.”

Erica Virlan, Vice President at Salt Edge said, “We have had with Shoptet an instant match in our goals to ease the lives of merchants and various other businesses, giving them the tools to innovate and grow. Open banking offers this flexibility, and we are happy to assist Shoptet in empowering its clients with a safe and faster payment solution powered by open banking.”