Brite Payments and OXID eSales Join Forces to Revolutionize Instant E-Commerce Payment Solutions

Brite Payments, a prominent FinTech company based in Sweden, has recently forged a strategic partnership with OXID eSales, a leading provider of scalable e-commerce solutions in Germany. This collaboration focuses on enhancing payment processes through the integration of Brite Instant Payments and Brite Instant Payouts into OXID’s e-commerce platform, ensuring seamless and secure transactions for merchants.

The Benefits of Brite Payments and OXID eSales Collaboration

This partnership aims to improve the overall payment experience by allowing merchants to offer fast and reliable payment options. The integration is executed via a simple plugin, which also simplifies the often-complex refund process in e-commerce transactions.

Key Features of the Integration

• Frictionless Checkout Experience: Addresses the rising demand for smooth transaction processes.
• Pay by Bank Capabilities: Enhances transaction speed and cash flow predictability.
• Reduced Fraud Risks: Offers merchants a competitive edge in the e-commerce landscape.

Understanding OXID eSales and Brite Payments

OXID eSales is renowned for its flagship product, OXID eShop, catering to both B2B and B2C merchants across various sectors. The platform’s scalability and flexibility empower online retailers to customize checkout processes, ultimately improving user experience and boosting sales.

On the other hand, Brite Payments leverages open banking technology to facilitate real-time, secure transactions through its Brite Instant Payments Network (Brite IPN). This allows consumers to make purchases without the need for registration, manual card entry, or additional app downloads.

Streamlining E-Commerce Refunds

Brite’s Instant Payouts feature significantly simplifies the refund process, which has historically been a challenge for many online merchants. This feature is especially relevant given current consumer trends in Germany, OXID’s primary market.

Consumer Trends and Market Insights

According to research conducted by Brite, a notable 67% of Germans are familiar with Pay by Bank services, while 36% of individuals aged 18–29 utilize this method on a daily or weekly basis. Furthermore, 40% of German consumers express willingness to explore new digital payment methods, indicating significant growth potential in the region.

Expert Insights

“OXID is trusted by leading brands as an experienced and innovative provider,” stated Brite Payments CEO, Lena Hackelöer. “Brite Instant Payments can be seamlessly integrated into existing shops, creating a smooth payments experience for consumers. Merchants benefit from real-time transaction processing, leading to predictable cash flow, reduced fraud risk, and lower operational costs.”

Gerd Kasdorf, the head of sales at OXID eSales, remarked, “With Brite Instant Payments, merchants can expand their checkout options with a leading Pay by Bank provider, offering customers a fast and convenient payment method. OXID is dedicated to simplifying the checkout process, and instant payments align perfectly with this goal.”

For more information about Brite Payments and OXID eSales, you can visit their official websites: Brite Payments and OXID eSales.