Smartstore integrates finAPI payment plugin for Instant Payments in E-commerce
Smartstore is an open-source shop system for sophisticated E-commerce projects in both B2C and B2B. Merchants who choose Smartstore expect maximum flexibility, including in the check-out. Payment methods must be easy to integrate and economically viable at the same time. This is exactly where the collaboration with finAPI comes in.
Challenge: Costs, risk and customer expectations
There is no single ideal payment method in E-commerce. Requirements vary significantly depending on the business model, basket size and target group. Merchants need to design their payment mix in a way that balances customer preferences with economic considerations.
Many shops still rely heavily on credit cards, wallets or direct debit. These methods are well established but come with clear challenges. Transaction costs are often high, payouts are delayed and direct debit carries the risk of chargebacks.
This quickly becomes a decisive factor, especially for higher basket values, in B2B commerce or for margin-sensitive product ranges. Merchants need additional payment methods that reduce costs, simplify processes and accelerate incoming payments.
The solution: Instant Payments as a targeted addition to the payment mix
With the finAPI payment plugin, Smartstore expands its payment offering with Instant Payments. Merchants can flexibly integrate this payment method into their check-out and highlight it where it makes the most sense.
The process is simple and familiar for customers. They select the payment method and are then redirected to a secure payment page provided by finAPI. There, they choose their bank, log in with their usual credentials and authorize the payment using a second factor, for example a TAN. All relevant payment data such as recipient, IBAN, amount and reference are already prefilled. This makes the payment process particularly easy and convenient.
For merchants, this brings clear advantages:
- Immediate settlement within seconds through Instant Payments
- No risk of chargebacks as with direct debit
- Lower transaction costs, especially for higher basket values
- Fewer errors thanks to structured and prefilled payment data
Integration via payment plugin, fast and flexible to implement
Integration is handled via a ready-to-use finAPI payment plugin within Smartstore. Merchants can activate the payment method without major technical effort and embed it into their existing check-out.
For merchants, it is not just about the check-out but the entire payment process
- Faster cash flow through immediate incoming payments
- Higher liquidity and quicker order release
- No risk of chargebacks
- Less manual effort in accounting and payment reconciliation
- Lower costs, especially for larger baskets
There are also advantages in the back office. Since payment data is transferred in a structured way, reconciliation efforts in finance and support are significantly reduced.
For customers, the process remains simple and familiar
- Payment directly from their own online banking
- No manual entry of payment data
- Clear and secure payment flow without media disruption
Result: More control over payments and more efficient processes
With the integration of finAPI, Smartstore expands its shop system with a payment method that complements the existing payment mix. Merchants can manage their payment strategy in a more differentiated way and adapt it to their specific requirements.
Instant Payments enable immediate incoming payments, reduce risks and improve liquidity. At the same time, merchants benefit from more efficient processes in both check-out and back office.
As an additional option in the payment mix, Smartstore creates the foundation for a modern and flexible payment strategy that can be used across many European countries.
More at smartstore.com
Integrate Instant Payments into your payment strategy
Use Instant Payments as an addition to your payment mix and expand your payment offering with efficient account-to-account payments. Get in touch with us, we look forward to the exchange.
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