How PSP Flexibility Drives Higher Approval Rates and Growth
Why you should choose FastoPayments over going directly When businesses start accepting payments, one of the biggest decisions is whether to partner with a Payment Service Provider (PSP) or go directly to an acquirer. While going direct can seem straightforward, it often limits flexibility, slows down scaling, and reduces control. In today’s payment landscape, flexibility […]
MobilePay for Merchants: Scale, Adoption, and What It Means for the Nordics
MobilePay by the Numbers MobilePay was launched in 2013 by Danske Bank and has grown into one of the most popular payment apps in the Nordics. After merging with Vipps in 2023, the unified group now serves more than 11 million users across Denmark, Finland, and Norway, processing over 1.3 billion transactions annually. In Denmark […]
Pre-Authorization Strategies to Boost Approvals and Reduce Risk
What Pre-Authorization Really Means Pre-authorization is much more than a fraud prevention tool. It is a payment optimization strategy that validates a cardholder’s intent and card status before a charge is finalized. In simple terms, it’s a small hold or zero-amount verification that checks if a payment card is valid, funded, and approved by the […]
Why Travel Businesses Struggle With Payments and How to Fix It
Wero by the Numbers Wero was introduced in July 2024 as the official wallet of the European Payments Initiative (EPI). The initiative is backed by a powerful consortium of European banks and payment providers, including BNP Paribas, Deutsche Bank, DZ Bank, ING, Société Générale, UniCredit, and Worldline. This institutional backing ensures that Wero is not […]
iDEAL Payments – Scale, Adoption, and What It Means for Merchants
iDEAL by the Numbers Launched in 2005, iDEAL is the dominant online payment method in the Netherlands, handling more than 70 percent of all Dutch e-commerce transactions. By 2023, iDEAL processed over 1.3 billion transactions, and volumes have continued to grow steadily year after year. Unlike card-based systems, iDEAL is a bank-to-bank payment scheme. Consumers […]
LPMs vs Cards: The Now and the Future
Introduction The way customers pay is shifting at a pace we have never seen before. Credit and debit cards remain the most recognized payment option worldwide, but local payment methods (LPMs) are rewriting the rules in markets from Europe to Latin America to Asia. For merchants, the real question is no longer whether to accept […]
Wero Payments: Scale, Innovation, and What It Means for Merchants
Wero by the Numbers Wero was introduced in July 2024 as the official wallet of the European Payments Initiative (EPI). The initiative is backed by a powerful consortium of European banks and payment providers, including BNP Paribas, Deutsche Bank, DZ Bank, ING, Société Générale, UniCredit, and Worldline. This institutional backing ensures that Wero is not […]
Klarna Payments: Scale, Innovation, and What It Means for Merchants
Klarna by the Numbers Klarna is one of the largest fintech companies in the world. In 2024, they served more than 111 million active consumers and partnered with 790,000 merchants across 26 countries. Their Gross Merchandise Volume reached nearly 93 billion USD, with a record-breaking month exceeding 10 billion USD in transactions. Klarna processes around […]
Local Payment Methods Every Merchant Should Support in 2025
Introduction Global expansion is no longer just about shipping products abroad. The real challenge for merchants is getting paid. Customers trust the payment methods they know, and without them, cart abandonment skyrockets. In fact, studies show that up to 69% of shoppers have abandoned a purchase when their preferred payment method was not available. Other […]
How BIN Routing Boosts Approval Rates for Merchants
BIN-Level Routing: The Hidden Engine Behind Higher Approval Rates Introduction Merchants lose billions every year due to failed transactions. In fact, global ecommerce businesses lose an estimated 118 billion dollars annually to false declines alone (Aite-Novarica). BIN-level routing is one of the most powerful ways to reduce that loss, increase approval rates, and improve the […]