Checkout.com Handles ~50% of Coinbase’s Non-US Acquiring
Checkout.com has been instrumental in powering Coinbase's payment operations outside the US since 2020, as revealed in a recent case study. The partnership has significantly improved Coinbase's acceptance rates by 13 percentage points while achieving a 50% reduction in fraud incidents.
This collaboration highlights Checkout.com’s growing role in the cryptocurrency space, particularly as demand for reliable payment solutions continues to rise among digital asset platforms. As Coinbase operates globally, having robust non-US payment handling is crucial, especially in light of increasing regulatory scrutiny and market competition.
Key takeaways
- ▸Checkout.com has been supporting Coinbase's payment operations outside the US since 2020.
- ▸Acceptance rates for Coinbase have improved by 13 percentage points since partnering with Checkout.com.
- ▸Fraud incidents in Coinbase's non-US transactions have been cut by 50% under this partnership.
- ▸Checkout.com now manages roughly 50% of Coinbase’s non-US acquiring.
- ▸The partnership underscores the growing need for robust payment solutions in the crypto industry.
Why this matters
This development is significant for both Checkout.com and Coinbase as it demonstrates the effectiveness of tech-driven solutions in enhancing payment processing for cryptocurrency platforms. As the competition in the crypto space intensifies, maintaining high acceptance rates and reducing fraud are essential for fostering consumer trust and compliance, giving both companies a competitive edge.