Close
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.
Find out more:
Software Bought Online and Paid with Cash in US
Avangate Teams Up with PayNearMe to Help Software Vendors Reach Millions of US Shoppers
Software Buyers Can Order Products Online and Pay with Cash at 6,200 7-Eleven Stores
Amstelveen, The Netherlands – May 18, 2011 – Avangate, a full-service provider of eCommerce and partner-management solutions for software vendors, announced today the integration of a payment application from PayNearMe, the cash payment network, enabling consumers to pay for software purchased online with cash at nearly 6,200 7-Eleven stores across the U.S. Avangate is the first eCommerce provider for the software industry to implement this payment method.
Through this integration, Avangate makes it possible for software companies to provide products and services to a potential market of up to 60 million US households that do not have a debit or credit card or consumers who simply prefer to pay with cash. Orders are placed at vendors’ online stores, via secure pages powered by Avangate, with payment taking place at 7-Eleven stores. Avangate is notified of consumers' payments immediately, and transactions are completed automatically, including the delivery of the software products instantly via email.
“We are continuing our efforts to localize the Avangate ordering interface for numerous countries and regions to assist software companies entering new markets and increase revenue in existing ones,” said Adriana Iordan, Product Management Officer at Avangate. “The implementation of local payment methods is one facet of this process that proves time and time again to boost conversion rates. In a world led by cards and electronic payments, cash still has a word to say which cannot be ignored.”
“PayNearMe has proven the ideal partner for this opportunity in the US market: integration is seamless and operations are transparent to us and our clients.” added Iordan. “The vast network of 7-Eleven stores that PayNearMe brings to the relationship provides an easy and convenient way for people to pay for the software they want to buy online, which they may not find elsewhere.”
"Software distribution continues to move online, which makes maintaining an offline payment channel increasingly difficult,” said John Minor, head of product at PayNearMe. “Avangate is a natural partner for PayNearMe, as our payment platform allows for funds to be delivered to software vendors risk-free, and also allows for real-time notification of payment. With PayNearMe, software vendors working with Avangate can serve the sizable market of individuals who need to or prefer to pay with cash."
About PayNearMe
PayNearMe is the cash payment network that enables consumers to pay conveniently with cash for a wide variety of goods and services from leading companies in e-commerce, consumer finance, transportation and beyond. Consumers pay easily at a local store, starting at 6,200 7-Eleven stores across the United States. PayNearMe was selected as Best in Show at FinovateFall 2010 and FinovateSpring 2011. For more information, visit www.paynearme.com
PayNearMe is the cash payment network that enables consumers to pay conveniently with cash for a wide variety of goods and services from leading companies in e-commerce, consumer finance, transportation and beyond. Consumers pay easily at a local store, starting at 6,200 7-Eleven stores across the United States. PayNearMe was selected as Best in Show at FinovateFall 2010 and FinovateSpring 2011. For more information, visit www.paynearme.com
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
Avangate Newsletter
Whether it's news you're looking for or an expert's advice on how to sell software, SaaS or digital goods online, you came to the right place. Find guidance in our latest eBooks, webinars, reports and conversations with industry thought leaders to further increase revenue, maximize the value of every customer, and expand global reach.
