Checkout.com Reviews: UK Fees & Pricing (December 2023)

Checkout.com is an all in one solution in payment technology, eliminating the need for intermediaries. The company specialises in processing international payments for eCommerce businesses.

Checkout.com’s payment gateway can be used with many popular shopping cart platforms.

Sections

Checkout.com Credit Card Processing & Payment Services

Checkout.com is a direct acquirer of all major card schemes, some of which are listed below. It accepts international cards and many of the most popular global alternative payment methods. Checkout.com uses 20 payment methods on five continents, in 159 currencies.

Visa
Mastercard
American Express
JCB
Diners
Discover cards
Apple Pay
PayPal
SoFort
iDeal
Alipay
Qiwi
POLi
Maestro
Mada
Union Pay
WeChat
Google Pay
Visa Checkout
Boletol
GiroPay
SEPA
Klarna

Other Checkout.com Products and Services

Shopping Cart Integrations: Magento, Prestashop, Drupal Commerce, Magento 2, OpenCart, Shopify, SalesForce Commerce cloud and WooCommerce.

Checkout.com Pricing & Fees

Checkout.com publishes its “simple, transparent, no strings attached” prices on its website.

Interchange++ pricing model in regions where applicable.

Interchange++ is a payment processing fee structure that standardizes the commissions collected by card issuers such as Visa and Mastercard. The amount varies based on card type, the customer’s issuing bank, merchant location, and other parameters. Checkout.com passes those fees directly through to merchants and charge a single, consistent markup that never changes, so merchants know exactly what they are paying.

Plus:

No setup fees
No account maintenance fees
No surprise fees

Source: Checkout.com

To see how that compares have a look at: UK Merchant Account and Credit Card Processing Fee Comparison.

Checkout.com Features

Fraud prevention using Prism
Global reach
The Hub is a dashboard for monitoring and analyzing transactions
Dedicated relationship manager
24/7 integration team
Month to month contract
No early termination fee

Company Background

Checkout.com offers unified payment technology to help companies accept more payments worldwide through one integration. They handle every step of the payment process on a proprietary technology platform, so merchants benefit from feature parity across regions, faster processing speeds, greater reliability, and full data visibility.

Processing 150+ currencies, Checkout.com has direct access to Visa, Mastercard, American Express, all major international cards as well as popular alternative and local payment methods. Customers include global businesses like TransferWise, Deliveroo, EasyGroup, and Samsung.

Their mission is to partner with businesses to increase revenue by optimizing their payments, supporting international expansion, and meeting the dynamic needs of their customers.

Checkout.com has 300+ employees across seven offices in Europe, Middle East, US, and Asia.

Checkout.com was founded by Guillaume Pousaz in 2010. It was originally known as Opus Payments and changed its name to Checkout.com in 2012. The company’s headquarters is in Tottenham Court Road, London.

Checkout.com launched publicly in April 2012, serving merchants in Asian and Europe and is proud of the fact that they were profitable from the very beginning. December 2012 saw The Financial Conduct Authority in the UK authorise Checkout.com as a payment institution. In May 2013, the company became of principal member of MasterCard International, followed in June by becoming a principal member of Visa Europe.

Checkout.com continued to expand in 2013 by opening up operations in the UAE. In 2014, the company became a principal member of UnionPay, Diners and Discover. There was great excitement within the company in July 2015, when they rolled out ‘The Hub’ so merchants could access detailed real-time reporting analytics.

In April the following year, Checkout.com launched its proprietary authorisation and clearing platforms. Later that year, its employee headcount reached 100.

Last year, 2017, saw Checkout.com become a principal member of JCB International and expand into the United States.

Checkout.com Pros & Cons

Overall, Checkout.com has mostly positive reviews on Trustpilot, earning 7.8 out of 10.

The following pros and cons are based on information available on Checkout.com’s website and reviews from Trustpilot.

Pros:

Low Prices
Excellent service and support
Fast set up

Cons:

Have to have 3 months with over 10K volume before you can open an account
Sometime slow to reply to emails