Crowdfunding technology provider Indiegogo has hired Adyen to provide online payments processing for Indiegogo’s international customers starting with Europe and Canada.
Since launching new currencies, languages and localized programs in December, Indiegogo has seen a 20% increase in international activity on its platform, necessitating a need for a technology that can process transactions across different countries, Indiegogo said.
Indiegogo hosts funding campaigns in markets such as music, charity, small business and film—it’s hosted more than 100,000 campaigns since its founding in 2008. Adyen’s global payments processing capabilities will enable Indiegogo to collect campaign contributions in local currencies throughout Europe and Canada, and route transactions through its network of more than 80 global banks and processing partners to minimize foreign exchange and other transaction fees.
Adyen will provide support for a number of preferred local payment methods, including Maestro in the UK, Carte Bleau in France, Sofortuberweisung in Germany and Austria, Giropay in Germany, iDeal in the Netherlands and TrustPay in Eastern Europe.
"Indiegogo channels funds to tens of thousands of campaigns around the world, so anything we can do to make it easier for our customers to give and receive contributions in their native currencies and languages is a big priority," said Danae Ringelmann, Indiegogo co-founder, in a press release. "Adyen's global reach, broad service offerings, in-market payments expertise and industry leading fraud protection tools make them a perfect partner to support our strategic international growth plans."
In 2012, Adyen processed more than $10 billion in payments transactions worldwide. The company serves 3,000 international merchants and supports 187 currencies and 218 preferred local payment methods used on six continents.