Collection services for alternative means of payment

Collection services for alternative means of payment

Easy handling of transactions with alternative payment methods: SIX has the solution for you – now and in the future.

Digital wallets and other alternative means of payment are becoming increasingly popular in Europe. For example, around 60 per cent of all e-commerce transactions in the Netherlands today use the iDEAL payment system. At SIX Payment Services, transactions with iDEAL – and with other alternative means of payment – have been processed via the Saferpay payment gateway for quite some time. Until now merchants had to have a bank account in the Netherlands for payments and conclude a separate agreement with an iDEAL acquirer.

Simple receipt of payment without a new bank account

All this is now a thing of the past – thanks to SIX’s new collection service for iDEAL: e-commerce retailers using our payment gateway Saferpay can immediately accept payments via iDEAL. SIX collects the payments and transfers them straight to the merchant; a bank account with a Dutch bank is no longer necessary. The advantage of this solution is obvious: The merchant only enters into one contractual relationship with SIX – for debit and credit cards and iDEAL – and can continue to use his/her existing bank account. All payments and the complete reporting process run via SIX as usual.

Prepared for the future

SIX’s new collection service for transactions using iDEAL is just the beginning: In order to make it as easy as possible for you to open up new business areas, we will also soon offer direct processing for other popular alternative payment methods, such as Alipay, etc.