German Start-up in payment processing, Paymill and Sofort Banking, a well-used payment system in various European countries that allows for direct online payment from the customer’s bank to the merchant, have joined forces shortly after Paymill received additional funding from US-based Blumberg Capital
Sofort banking, with its alternative payment solutions, has become vital in the E-Commerce space. This was made clear in the 2013 ePayment study which indicates that over 25,000 online shoppers are responsible for 2 million payments every month, by Sofort Banking.
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Paymill is a growing PSP in Europe with customers in 37 countries. It is focused on card payment and offers its merchants a transparent API for hosting payment pages on their own sites.With excellent synergy, this union can only be promising for Paymill customers.