02 MARCH 2021, LONDON – Checkout.com, the leading connected payments provider has been chosen by British premium, digitally-native Home and Living brand, The Cotswold Company, as its new online payment service provider.
The Cotswold Co., an online leader in premium furniture, upholstery and home decor, is the go-to online destination for forever furniture. As consumers spent more time than ever at home in 2020, appetite for home interior improvements rocketed. The Cotswold Co. has been at the forefront of this trend as a destination of choice for many shoppers, seeing a 50% year-on-year jump in online sales and mobile payments. The company chose Checkout.com to help it seize this opportunity, going live ahead of a busy festive period.
The integration to Checkout.com gives Cotswold Co.’s customers a wider range of payment methods. For the first time, Cotswold Co.’s customers can pay with Google Pay and Apple Pay new payment methods unlocked by Checkout.com - offering customers greater flexibility and convenience, while unlocking additional revenue opportunities for the business. Demand for these capabilities has increased as mobile commerce continues to grow. According to Statista, the number of users opting for mobile wallets in the UK will reach 18.9m in 2025, up from 11.9m users in 2020*.
As more consumers opt for online shopping, Cotswold Co. will also future-proof its ecommerce payment processing strategy by taking advantage of Checkout.com’s industry-leading connected payments platform, offering payment gateway, processing and acquiring services via a single integration. This unified proposition offers Cotswold Co. access to granular reporting, enabling continued optimisation of the checkout process, to offer a frictionless experience for their customers.
Paul Marshall, Finance Director at Cotswold Company said: “A customer’s journey with our furniture starts online. That’s why our customers deserve a seamless shopping experience. We selected Checkout.com as the specialist in digital payments, to not only offer our customers a greater choice of payment options but to future-proof, as customers shift to purchasing on-line, our eCommerce business with its best-in-market platform.”
Commenting on the partnership Moshe Winegarten, Senior Vice President at Checkout.com, said: “We’re proud that The Cotswold Company have selected Checkout.com as their payment service provider. Our market-leading Connected Payments platform offers merchants the tools they need to unlock more value from every transaction and create a frictionless shopping experience for customers. We look forward to supporting Cotswold Co. with their continued growth.”
Checkout.com is the payment provider of choice for major fintech businesses globally, counting the likes of THG (The Hut Group), Farfetch, Klarna as customers. Since the start of the pandemic, it has seen a 250% increase in digital transactions on its platform as businesses switch to online payments. The company recently announced Series C funding, which tripled its valuation to $15bn, making it EMEA's most valuable venture-backed business and one of the largest fintechs globally.
Checkout.com press contact: Lewis Jones, Communications Manager, +44 799 0068 671, [email protected]
Checkout.com empowers businesses to adapt, innovate, and thrive with the Connected Payments™they deserve. The company’s technology makes payments seamless. Flexible solutions, granular data, and instant insights help global enterprises launch new products in new markets and create outstanding customer experiences. They provide the fastest, most reliable payments in more than 150 currencies, with in-country acquiring, world-class fraud filters and reporting, through one API. And they can accept all major international credit and debit cards, as well as popular alternative and local payment methods. Checkout.com launched in 2012 and now has a team of 1000 people across 17 offices worldwide, offering local expertise where it’s needed. Find out more at www.checkout.com
*Mobile POS Payments - United Kingdom. (n.d.). Retrieved February 24, 2021, from https://www.statista.com/outlook/dmo/fintech/digital-payments/mobile-pos-payments/united-kingdom?currency=GBP