E-commerce platform, Sellfy has expanded its payment options to include credit card processing using Stripe in North America and Paymill in Europe (reports StrategyEye). The Latvian startup, which is backed by Skype founder Toivo Annus, allows users to upload files from their computer and advertise products with a ‘buy-now’ URL. While the site previously only offered PayPal as it’s only means of payment, the company hopes the addition of credit card processing will expand the service’s appeal and boost adoption.
The platform is gathering popularity among users including self-publishing writers as it only charges a 5% transaction fee compared to 30% charged by Amazon. Developed by the Lithuanian StartupHighway accelerator the site has 9,000 sellers and 16,000 listed products on sale.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.