Latest news with #PaymentHub
Yahoo
27-03-2025
- Business
- Yahoo
Commercetools unveils Payment Hub
Germany-based commerce platform commercetools has launched its commercetools Payment Hub, aiming to provide enterprises with 'full control' over their payment strategies. This offering is claimed to offer potential cost savings by removing 'premium fees' linked to bundled payment models. Besides, commercetools has deepened its alliance with Stripe, positioning the financial infrastructure platform as the inaugural global payment service provider to integrate with Payment Hub. The payment hub is said to allow businesses to negotiate directly with leading payment service providers, in contrast to commerce platforms that require merchants to use proprietary payment systems and extract a percentage of gross merchandise value, the release stated. It features 'pre-built' integrations and a simplified setup process, facilitating the implementation of payment solutions for businesses. Through commercetools Connect, the platform provides pre-integrated solutions and configuration options, enabling enterprises to potentially lower payment processing costs by avoiding the transaction fees. The new platform allows enterprises to selectively activate or deactivate payment service providers, thereby ensuring full control over their payment strategy. Businesses can accept cross-border transactions, multiple currencies, and diverse payment methods. Commercetools has indicated that additional integrations are expected to be introduced soon. Enterprises now have the option to configure and manage payment gateways directly within the Merchant Center or through the Solution Hub. commercetools chief product officer Shiri Mosenzon Erez said: 'Enterprises shouldn't have to sacrifice revenue for convenience. commercetools Payment Hub makes sure that enterprises get the best payment partnerships on their terms — without hidden fees, vendor lock-in, or inflated transaction costs. Most commerce platforms build their business on payment fees. We don't. We focus on delivering the best commerce software and innovations, taking the complexity out of payments so our customers can focus on driving their business forward.' Stripe global alliances and channels lead Terry Wise stated: 'commercetools has demonstrated their ability to create powerful and highly customised composable commerce experiences for some of the largest companies in the world. With this new integration, commercetools users will be able to build robust payments experiences out of the box, in a fraction of the time it previously required.' "Commercetools unveils Payment Hub " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
25-03-2025
- Business
- Associated Press
commercetools' New Payment Hub Puts Enterprises in Charge of Payment Strategy and Costs
The Payment Hub debuts with Stripe as a launch partner, giving enterprises greater control over payment costs and provider choice — without hidden fees or vendor lock-in. MUNICH, March 25, 2025 /PRNewswire/ -- commercetools, the most versatile platform for enterprise commerce innovation, today introduced commercetools Payment Hub, a new destination that gives enterprises full control over their payment strategy –– without the excessive fees charged by other commerce platforms that double as payment providers. commercetools has also expanded its partnership with Stripe, a financial infrastructure platform for businesses, as the first of several global payment service providers (PSPs) to integrate with Payment Hub. commercetools Payment Hub is designed to offer enterprises unmatched flexibility, cost savings, and freedom of choice — eliminating the premium fees imposed by bundled payment models. Unlike commerce platforms that force merchants into proprietary payment systems and take a percentage of gross merchandise value (GMV), commercetools Payment Hub allows businesses to negotiate directly with leading PSPs, reducing costs and improving profitability. With pre-built integrations and a simplified setup process, enterprises can integrate and go live within minutes, removing the complexity of payment orchestration — often one of the most challenging aspects of eCommerce. 'Enterprises shouldn't have to sacrifice revenue for convenience. commercetools Payment Hub makes sure that enterprises get the best payment partnerships on their terms — without hidden fees, vendor lock-in, or inflated transaction costs,' said Shiri Mosenzon Erez, Chief Product Officer at commercetools. 'Most commerce platforms build their business on payment fees. We don't. We focus on delivering the best commerce software and innovations, taking the complexity out of payments so our customers can focus on driving their business forward.' With pre-integrated solutions and seamless configuration via commercetools Connect, Payment Hub enables enterprises to: Lower payment processing costs by sidestepping the inflated transaction fees imposed by bundled commerce platforms and securing more competitive rates through direct PSP integrations. Stay in control of payment strategy with the freedom to seamlessly activate or deactivate top-tier PSPs of choice, ensuring full control over payment strategy without being locked into a single provider's terms. Expand globally with ease by accepting cross-border transactions, multiple currencies, and a diverse range of payment methods without operational complexity. Deliver a frictionless checkout experience with enterprise-grade payment solutions designed for scalability, speed, and efficiency. Businesses can minimize disruptions and maximize conversions with seamless payment processing. 'commercetools has demonstrated their ability to create powerful and highly customized composable commerce experiences for some of the largest companies in the world With this new integration, commercetools users will be able to build robust payments experiences out of the box, in a fraction of the time it previously required,' said Terry Wise, Global Alliances and Channels Lead at Stripe. Connectors available via the Payment Hub accelerate time to market with integration standardization, enterprise-grade security and managed runtime environment. Enterprises can easily manage and switch between globally recognized payment providers, with additional integrations coming soon. As more commerce platforms shift to payments-first business models — where merchants are charged high transaction fees to subsidize software costs — commercetools takes a different approach. Unlike competitors that skim revenue through GMV-based fees, commercetools gives its customers full transparency and control over their payments with a commerce-friendly order processing model. Available immediately to customers, commercetools Payment Hub makes it easier for enterprises to run, scale, and integrate payments seamlessly into their tech stack — optimizing costs, customizations, and provider flexibility. Businesses can configure and manage payment gateways directly within the Merchant Center or through the Solution Hub. For more information or to schedule a demo, visit commercetools is the leading enterprise commerce platform built to power innovation and versatility for the world's leading brands. Our composable, cloud-native technology provides the flexibility to design tailored, scalable commerce experiences across any channel, at any scale — whether in stores, on social media, through connected devices, or in augmented reality. By removing the constraints of legacy systems, commercetools enables companies to innovate freely, personalize at scale, and quickly launch new channels to meet the evolving demands of their customers. As trusted partners to brands like Audi, Danone, Eurail, NBCUniversal, and Sephora, commercetools helps its customers set the pace of innovation, deliver exceptional experiences, and achieve sustainable growth. With commercetools, businesses don't just adapt to change — they lead it.
