PSD3: what can we expect?
Online Payment Platform Blog
by Richard Straver
2w ago
PSD2, the European payment services directive, came into force in 2019. Although this does not seem long ago, work is currently underway on its successor: PSD3. The contours of this are slowly becoming visible. In any case, what can we expect from this new directive? PSD2 was supposed to be innovative legislation that was to boost competition and innovation in the sector through open banking, among other things. It would also remove barriers for new entrants to the payments market. Specifically for marketplaces and platforms, PSD2 meant they could provide new payment services and solutions to ..read more
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Beyond payment security: how escrow elevates trust and reliability in platform transactions
Online Payment Platform Blog
by Richard Straver
3w ago
In the dynamic landscape of e-commerce and digital transactions, ensuring a smooth and safe customer experience is paramount. One pivotal mechanism that stands at the forefront of this assurance is the concept of escrow. It's perceived as the ultimate guardrail for payment security. However, escrow contributes to the customer experience in many more ways that are essential to both buyers and sellers.   What is escrow? With an escrow payment, the buyer's deposit is held in a secure account of a trusted third party, usually a Payment Service Provider (PSP) until all conditions of the transa ..read more
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How the new iDEAL impacts customer experience on platforms and marketplaces
Online Payment Platform Blog
by Richard Straver
2M ago
This year the new iDEAL will be rolled out. What does the new and improved version of this popular online payment method in the Netherlands have to offer, how will it benefit consumers and merchants, and how can marketplaces and platforms prepare? Let’s shed some light on this. The iDEAL payment method was launched in 2005 by a consortium of Dutch banks: ABN AMRO, ING Bank and Rabobank. It was a major gamechanger back then, as iDEAL provided a single system for online payments that could be leveraged by all banks. Plus iDEAL allowed consumers to make online payments significantly easier, faste ..read more
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Unpacking trust in online shops and marketplaces
Online Payment Platform Blog
by Richard Straver
3M ago
There is a well-known saying that trust takes years to build, seconds to break and forever to repair. Online retailers and marketplaces should be well aware of this, given the fierce competition for customers and the ever-increasing number of online shopping options. Whether it is about the trust of consumers in the lawful handling of their personal data, the quality of the product or the security of the payment process – without building and maintaining trust, customers will quickly move on to the competition. At OPP, we play a vital role in helping online shops, marketplaces and platforms to ..read more
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Investment management platform Bloqhouse automates 'one to many' payments through partnership with OPP
Online Payment Platform Blog
by Thomas van Rees Vellinga
5M ago
Bloqhouse provides an investment management platform that connects fund managers, lenders and crowdfunding platforms with investors. Any company raising and investing market capital can easily use Bloqhouse to set up a digital process that is fully compliant with laws and regulations. As an innovative scale-up, Bloqhouse continuously works to optimise its platform. For instance, it was also looking for a smart way to automate 'one to many' payments. For this, the company works together with platform specialist Online Payment Platform (OPP). With an approachable cloud-based platform that allows ..read more
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Next step in front-end evolution: new Merchant interface
Online Payment Platform Blog
by Richard Straver
5M ago
As previously highlighted, we are in the process of enhancing the entire OPP front-end infrastructure to deliver what we believe are best-in-class user experiences for our partners, merchants, and buyers. We are pleased to announce a significant achievement in this journey: the launch of our new Merchant interface. This updated interface works smoothly on all devices, is easier to use, and provides merchants with more helpful information and options. We'll be releasing the Merchant interface gradually, and it will be available for all our users by February.     The primary objective ..read more
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Sharefunding platform Broccoli chooses OPP to handle cash flows
Online Payment Platform Blog
by Thomas van Rees Vellinga
7M ago
Broccoli is a Dutch sharefunding platform. It helps sustainable entrepreneurs in the food and agribusiness sector obtain equity in exchange for shares. In doing so, it offers a strong alternative to traditional financing. Moreover, it helps innovative entrepreneurs who, among other things, are building fairer food chains and making production processes more sustainable, to grow further. To ensure that money flows smoothly between investors, the companies and the platform, and to meet the requirements set by the crowdfunding regulation, Broccoli chose platform specialist Online Payment Platform ..read more
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AFIR: How to set up a scalable and compliant payment infrastructure for charging networks
Online Payment Platform Blog
by Thomas van Rees Vellinga
7M ago
With already more than 550,000 stations across Europe, the number of electric charging stations is growing rapidly. As almost half of all stations are in the Benelux countries and Germany, it’s clear that there’s a lot of work to be done in the EU. A new regulation for the deployment of Alternative Fuels Infrastructure (AFIR) aims to boost the number of publicly accessible electric recharging stations in Europe and also urges creating a more user-friendly recharging experience. However, this also entails some challenging obligations for charging point operators. An important one being payments ..read more
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Geldvoorelkaar.nl combines compliance and scalability in partnership with OPP
Online Payment Platform Blog
by Thomas van Rees Vellinga
7M ago
Geldvoorelkaar.nl is the first crowdfunding platform in the Netherlands. Since 2011, it has focused on funding projects in SMEs, to which it has now contributed more than EUR 530 million. The new crowdfunding regulation forced the company to partner with a payment service provider. Geldvoorelkaar.nl chose Online Payment Platform (OPP) and now has the perfect combination of compliance and scalability while still having the freedom to set up its own platform users' customer journey. To ensure the smooth flow of money between investors and entrepreneurs in need of credit, Geldvoorelkaar.nl worked ..read more
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OPP and PayPal strengthen partnership
Online Payment Platform Blog
by Richard Straver
9M ago
Online Payment Platform is strengthening its partnership with PayPal. This allows marketplaces and platforms working with OPP to offer their users new payment options. The expanded capabilities will help provide merchants and sellers with an even better experience and drive conversion. The extended partnership between OPP and PayPal will further optimize payments and payment options with PayPal. For instance, marketplaces and platforms that work with Online Payment Platform can now personalize the payment experience for their users by only carrying out a single integration. Also the incoming a ..read more
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