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.
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2Checkout (formerly Avangate), an ecommerce, payments and subscription billing solutions provider, has announced that it will support WeChat Pay. The payment method is now available to 2Checkout vendors on the Avangate platform without additional integration.
Avangate (soon 2Checkout), the software company which recently acquired the global payments processor 2Checkout, will hire 45 specialist in the next two months for its Bucharest office.
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2Checkout.com Inc. has been acquired by Avangate Inc., an international e-commerce and software subscription billing company that will take on 2Checkout's simpler name in the union. Terms were not disclosed.
Avangate, the global ecommerce and subscription-billing platform, has acquired 2Checkout, a global payment processor.
For a company looking to grow via acquisitions, the increasing complexity of the payments business can be an advantage. That's what Atlanta-based Avangate Inc. is banking on. On Friday, the online processor for digital goods clinched a deal to acquire 18-year-old e-commerce gateway 2Checkout.com Inc., and its appetite is hardly satisfied.
Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor.
In a Nutshell: Merchants in countries around the world have experienced an average 40% increase in sales thanks to Avangate's single, global payment solution. Avangate's platform accepts 130 currencies in 35 different languages, provides each merchant with a state-of-the-art analytics dashboard, and helps increase credit card authorization rates. Avangate prides itself on taking a holistic approach to accepting payments, ensuring that no customer gets left behind, no matter where in the world they are.