Prepared for James C. | Delivered February 25, 2020
Europe: ECommerce Payment Processors
To understand the ecommerce payment processor market in European researching the top ecommerce payment processors and their trajectories for the countries of the U.K., Netherlands, Germany, Sweden, and Austria (if available) or Europe as a whole.
is the largest payment processing company in the U.
handling 40% of credit card transactions. However, Worldpay is
a complete ecommerce solution.
is the most popular ecommerce platform in the U.K.
is another top payment processing company in the U.
with 20 million U.K. users.
is the U.K.'s fastest growing fintech company that tripled its processing volume from 2017 to 2018.
A few of the top payment processing companies for
in the U.K. are Stripe, iZettle, and Square.
The Netherlands B2C ecommerce market size is
as of 2015.
ecommerce payment processors in the Netherlands are iDeal, 2Checkout, Stripe, PayPal, and Klarna.
is favored because it allows consumers to transfer money directly from bank accounts.
out is popular since it offers 12 different payment methods (i.e., American Express, direct debit).
Purchases on mobile apps
is one of the key factors contributing to the growth of ecommerce in the Netherlands and iDeal boosted transactions by 33.8% in 2017 because of mobile purchases.
Major payment processors
in Germany include Adyen, Authorize.net, Klarna, PayPal, and Stripe.
Digital wallets and ecommerce methods of payment are growing in Germany, but
for buying goods online is still favored.
PayPal, Apple Pay, and Android Pay
are expected to overtake bank transfers in Germany in a few years.
of security and convenience, along with the usage of mobile phones, is helping to boost this type of payment.
While our research couldn't identify the top payment processor we were able to find some of the most popular that include:
QuickPay, Wirecard, Braintree, and Worldpay
Sweden's ecommerce market is
$12 billion Euro
is moving towards a cashless society with credit cards making up
of purchases. The country is also in the developmental stages of creating
Klarna (a Swedish company) and PayPal seem to be the
payment process companies.
has a smaller market for ecommerce than other European countries, but it is growing.
for local merchants and usage of mobile phones are two key factors.
Austria has a
Euro ecommerce market value.
Amazon and PayPal are
of the top companies in Austria.
, Adyen, Stripe, and Klarna are also present.
Electronic Payment Standard
is a popular domestic online bank that 80% of merchants in Austria accept.
A few of the
for ecommerce in Austria are clothes, sporting goods, travel, and books.