Payment Radar
Checkout.com launches new platform, acquiring, payouts, and issuing products for North American merchants
Checkout.com announced triple-digit US growth and launched new products for North American merchants, including a new solution for platforms/ISVs, direct acquiring via a Limited Purpose Bank, expanded payouts with RTP in the US and Pay-to-Card in Canada, and US issuing…
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What changed
Checkout.com has expanded its North American footprint with a suite of new product capabilities aimed at merchants, platforms, and payment facilitators. The company announced triple-digit growth in the US and introduced a new solution designed specifically for platforms and independent software vendors (ISVs). Additionally, the company launched direct acquiring services through a Limited Purpose Bank, expanded payout options with Real-Time Payments (RTP) in the US and Pay-to-Card in Canada, and introduced US issuing capabilities. These additions represent a significant shift in the product landscape for payment service providers operating in the region.
Why a business should care
For merchants, particularly those operating as platforms, marketplaces, or ISVs, these new capabilities offer a more integrated approach to payment processing and money movement. Direct acquiring via a Limited Purpose Bank can potentially streamline how funds are settled, while expanded payout options like RTP provide faster access to funds for recipients. The introduction of US issuing capabilities allows businesses to create their own branded cards, which can enhance customer loyalty and control over transaction flows.
Who it affects
This announcement primarily impacts US and Canadian merchants, with a specific focus on platforms, ISVs, marketplaces, and businesses that rely on complex payment flows, such as those in ecommerce, fintech, gaming, crypto, and travel. Businesses that currently use third-party processors for payouts or acquiring may find these new direct options relevant to their operations.
What to consider doing
If you operate a platform or marketplace in the US or Canada, request a demo of the new platform solution and direct acquiring capabilities from your current payment provider or Checkout.com to understand how these tools could optimize your payment flows and liquidity.
Uncertainty and risks
While the announcement highlights new product launches, the verified assessment identifies no specific risks at this time. However, merchants should be aware that integrating new payment solutions can involve technical complexity and potential changes to existing workflows. The long-term impact on fees, processing times, and regulatory compliance will depend on the specific terms and conditions of the new products, which are not detailed in the current announcement.
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