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Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach
Combined company will bring a unique combination of eCommerce and subscription management solutions to market through various payment models across the globe.
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New recurring billing capabilities
Recurring Payments via ELV Direct Debit
Avangate has recently introduced recurring billing capabilities on ELV Direct Debit for the German market.
“Each time we add recurring billing capabilities to a payment method we improve renewal rates for our clients and give them additional flexibility in marketing renewals and subscriptions”, said Adriana Iordan, Avangate Product Management Officer.
Avangate currently supports recurring billing via: Visa/MasterCard, PayPal, AMEX, Discover, JCB, Carte Bleue (France) and ELV Direct Debit (Germany).
About 2Checkout (formerly Avangate)
2Checkout, a Francisco Partners portfolio company, is the digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates. The company’s clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe.
Avangate acquired 2Checkout in March 2017. More information about 2Checkout’s Avangate platform and related services can be found on www.avangate.com.
More information on 2Checkout can be found on www.2checkout.com
Media Contact
For media & PR inquiries related to Avangate, please contact:
Delia Ene, Avangate
Phone: +31 20 890 8080
Email:
press@avangate.com
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