Payza, a UK-based payments platform, has launched direct credit card processing to online businesses and merchants in Europe.
The e-commerce merchants will be eligible for the no monthly fee Payza business account to process Visa and MasterCard payments for rates starting at 2.9%.
Approved Payza business account holders can also accept direct Payza e-wallet, Bitcoin and Interac Online (Canadian debit card network) payments at low cost, without any monthly account set-up fees.
Payza will also provide business account holders with easy-to-use tools and UX-optimised payment flows to ensure their clients will get a seamless shopping experience.
The Payza business account will provide vendors with a simple checkout process, easy payment button integration, hassle-free shopping cart integration and multiple payment options.
It will also offer advanced security and intelligent fraud prevention to protect merchants’ transactions.
Payza global executive vice president Firoz Patel said: "Our new low-rate direct merchant processing account is first being launched to European merchants because they face some of the most complex everyday barriers to running their businesses, like the costs of cross-border disputes, restrictions to selling cross-border within and outside of the EU, delivery costs, and taxation rules.
“Our direct merchant business account will provide Europeans a simpler, faster and more affordable way to do business."