Everything You Need To Know About Checkout.Com (Detailed Overview)
So, What is checkout.com?
Checkout.com is an international final technology company that offers payment processes. The company was founded in 2009. At the time when the company started, the actual name used to Opus Payments. The headquarter is in London, United Kingdom. Currently, the company has a valuation of around $40 billion. And when it comes to European fintech startups, the company is at the top with the most value. The platform has various customers, including Netflix, Coinbase, and Pizza Hut.
Company Profile
| Company Name | Checkout Ltd (Formerly Opus Payments) |
| Founded | 2009 |
| Founders | Guillaume Pousaz |
| Industry | Fintech |
| Type | Private |
| Headquarters | London, United Kingdom |
| Area Served | Worldwide |
| Products | Financial Services |
| Employee Number | 100 |
| Revenue | $300 million |
| Website | checkout.com |
Checkout.Com History
Checkout.com was founded in 2009. There was a Swiss national named Guillaume Pousaz who started this company in Singapore. The earlier name of the company was Opus Payments. In the earlier days, the company used to provide payment processes for local merchants in Hong Kong. Within a span of two years, the company entered in profitability zone. The main reason behind this was that the company signed a contract with a Chinese company. The company was a tech gadget trading website, and it operated from Dealextreme.
In 2012, the company changed its name to Checkout.com from Opus Payments. The year was 2013 when the company registered in the United Kingdom. It was the same time when the company got the membership with Mastercard and Visa. Pousaz took another decision, and that was to be partnered with WeChat and Alipay.
The company got $230 million in funding from DST Global and Insight Partners. It was the Series A funding that the company received. After that, there were a couple of additional funding rounds as well. In June 2020, the valuation of the company increased to $15 billion. At the same time, the company acquired Pin Payments, an Australian company. This step enhanced the company to expand its roots to the Australian and New Zealand market.
In early 2022, the company announced that there would be another funding round, and the funding would be around $1 billion. The main competitors were Wise and Revolut at that time, and this funding value increased both competitors. The funding came from various organizations like Tiger Global Management, Qatar Investment Authority, and others.
The company changed its focus a little toward Web3 applications from payment processing. Som checkout.com said that it would invest the funding in the Web3 applications. Last year, the company acquired Ubble, which was a French startup. Ubble was famous for its remote identity verification service. And this decision boosted the company’s success.
What Does Checkout.Com Do?
The payment gateway is comparatively new in the market. There are different features that the platform provides. The company offers its services to almost every medium to large businesses.
Merchant Experience
One of the major factors of this platform is that there are customizable products. The reasons to make customizable products is that merchants can integrate almost any infrastructure partner. Right now, they have done more than 50 different customizable solutions.
Cross-Border Payments
Checkout.com supports payment processing in almost 50+ countries so far. The platform also supports different payments method like digital wallets, cards, and local methods. The platform mainly dominates in the Middle East, Asia Pacific, and Europe.
Pricing
There are different ranges of pricing that the company offers. The factors can be the risk of the business or the type of the business.
Checkout.com Advantages and Disadvantages
When it comes to checkout.com, there are advantages and disadvantages. Here is the list.
Advantages
One of the most interesting features is the customizable solution. So, different businesses can get solutions differently as there are several problems that a business has to face. Other than that, the pricing structure is based on different features that the company provides.
Disadvantages
One of the biggest disadvantages of the platform is that the platform is comparatively new. Also, the platform can be used in most countries but not all. So, you can’t send money to someone who lives where the platform is not supported. Also, not all currencies are supported on this platform. There are not major integrations. And finally, if a business makes mortar and brick payments, then this platform is not useful.
Frequently Asked Questions (FAQs):
Here are some questions and answers about checkout.com that you may find interesting.
Ans: Checkout.com is a payment processing platform that is fast and reliable. Currently, the platform does its payouts in more than 150 currencies. There are also reports and fraud filters as well, and the API is strong and can be done in every payment option. The platform also accepts international debit and credit cards. There are also local payments and alternative methods that the platform also accepts.
Ans: If we talk about working in checkout com, then yes, the company is a very good place to work. There are around 89% of employees who say that it is a great place to work. When it comes to working in a United States company, 57% of people say the place is good, then it is a good company. The data has been taken from the Global Employee Engagement Study.
Ans: There are so many companies that provide payment processing. But checkout.com is one of the best it. Yes, the company is successful, the main reason is that it offers a full-stack online platform. This process simplifies payment processes in global enterprise merchants. With the help of this platform, businesses get support, and there are communities that thrive in the evolving digital economy.
Final Words
So, I hope now you have a well and good idea about the platform. The platform is one of the European startups that has entered the unicorn within a short time. But you need to understand that checkout.com is comparatively new to other platforms. And there are a lot of things to explore more.
I hope you will find this article interesting. If so, then please share and give your feedback.
Thank You.
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Mashum Mollah is the feature writer of Search Engine Magazine and an SEO Analyst at Real Wealth Business. Over the last 3 years, He has successfully developed and implemented online marketing, SEO, and conversion campaigns for 50+ businesses of all sizes. He is the co-founder of Social Media Magazine.
