Computop and Bitnet Enable Merchants to Accept Bitcoin as Payment


Computop, a leading payment service provider (PSP), and Bitnet, a bitcoin payments processor, today announced a strategic technology partnership. Through this partnership, global merchants will be able to accept bitcoin as a payment method on Computop Paygate.

Bamberg and Belfast – June 30, 2015 – Bitcoin is a decentralised digital currency that does not depend on any central authority such as a bank to process or validate transactions.  Instead, the computing power from a global network of users is leveraged to authenticate transactions and record them in a distributed and publicly available ledger known as the blockchain. This transparency, coupled with the ability to address points of friction in traditional payments networks, has led to a surge in interest in bitcoin in recent years.

Through the Computop and Bitnet partnership, merchants are able to offer bitcoin as a payment option to customers in a simple, safe and secure manner.  Merchants benefit from low fees and freedom from chargebacks, in addition to being able to extend their global reach without incurring cross-border fees.  Merchants will be funded by Bitnet in the local currency of their choice, whilst enjoying the seamless transaction flow they have come to expect through Computop Paygate.

“We recognize that the bitcoin ecosystem is growing throughout the world and are excited to be the first European PSP to partner with Bitnet to enable merchants to accept payments in bitcoin,” said Ralf Gladis, CEO of Computop.  “Through this partnership, retailers don’t have to worry about the management of this evolving payment method. They can simply accept bitcoin as payment from customers, and know that the process will be smooth and risk-free for them.”  

“Our partnership with Computop enables us to extend our bitcoin payments processing functionality to merchants globally,” said Akif Khan, Chief Commercial Officer at Bitnet.  “We look forward to working with Computop to enable merchants throughout Europe, the U.S. and Asia to accept bitcoin payments from their customers.”   

 

About Bitnet:
Bitnet provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin payments. Bitnet’s engineering, product, and business development team helped build and manage the world’s largest payment gateway, CyberSource (NASDAQ: CYBS), which was sold to the world’s largest payment network, Visa (NYSE: V), for $2 billion in 2010. Bitnet has offices in San Francisco, California; Belfast, Northern Ireland; and Singapore. For more information visit https://www.bitnet.io

About Computop

As one of the very first payment service providers, Computop offers its customers around the world local and innovative omnichannel solutions for payment processing and fraud prevention. The internally developed Computop Paygate payment platform enables seamless integrated payment processes for e-commerce, at POS and on mobile devices. Retailers and service providers have the flexibility and freedom to choose from over 350 payment methods enabling them to specifically tailor their payment options per country. Technologies such as biometric authentication and self-learning algorithms improve security and convenience for retailers and consumers alike.

Computop, a global player with its head office in Germany and locations in China, England and the USA, has been servicing large international companies in the service, retail, mobility, gaming and travel industries for more than 20 years. These companies include global brands such as Amway, C&A, Fossil, the entire Otto Group, Sixt, Swarovski and Wargaming. Computop also provides its payment system to banks and financial service providers as a white-label solution. In total, the certified carbon-neutral company processes commercial payment transactions with a combined value of USD 35 billion annually in 127 currencies. With its individual and secure solutions, Computop makes a major contribution to the future of international payment processing.

Press contact

Jessica Mularczyk
Ascendant Communications for Computop

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