Full-Time
Posted on 12/5/2024
Integrates multiple payment gateways for transactions
No salary listed
Senior, Expert
No H1B Sponsorship
Remote in USA
Remote employees must be based in the United States, and the company cannot support remote employees residing in California or New York.
Spreedly operates in the online payments industry by connecting various platforms, merchants, and payment providers to facilitate online transactions. It integrates with over 100 payment gateway providers and third-party API endpoints worldwide, allowing clients to process payments efficiently and securely. Businesses can choose any payment service they prefer, which is essential for those operating in multiple markets and currencies. Spreedly generates revenue through fees for its integration services, data analytics, and other value-added services that enhance payment processes. A unique aspect of Spreedly is its ability to provide performance metrics, enabling businesses to compare their payment gateway success rates and processing speeds against industry averages. The goal of Spreedly is to make online payments accessible to everyone and help businesses optimize their transaction processes.
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$78.8M
Headquarters
Durham, North Carolina
Founded
2008
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Company Match
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Sabbatical Leave
Hybrid Work Options
Professional Development Budget
Conference Attendance Budget
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
ProcessOut and Trustly partnered to simplify bank payments for merchants across Europe. By integrating ProcessOut’s payment orchestration platform and Trustly’s pay-by-bank payment network, the companies are making it easier for merchants to offer Trustly’s instant bank payment solutions, according to a Thursday (March 6) press release. The combination enables merchants to add Trustly to their payment stack with one click and ensure the highest chance of success for transactions with features like dynamic failover and data-driven insights, the release said
Open payments platform Spreedly is working with Trustly to give merchants pay-by-bank access.The collaboration, announced Thursday (Feb. 6), gives businesses using Spreedly access to Trustly’s pay-by-bank capabilities, thus increasing Trustly’s U.S. market reach.“Our collaboration with Spreedly represents a significant step towards a unified payments experience becoming the industry standard,” Trustly Vice President of Enterprise Growth Ross McFerrin said in a news release.“By integrating Trustly’s pay by bank offerings with Spreedly’s orchestration platform, we’re providing merchants an all-in-one solution that allows them to choose the best payment methods to offer their customers while simplifying the complexity of payment integrations.”According to the release, the integration of Trustly’s pay-by-bank and account authentication capabilities is designed to support merchant growth at scale while allowing for secure and compliant payment processing.“Trustly’s proprietary bank connectors and patented risk engine, combined with Spreedly’s dynamic transaction routing, will provide merchants with reduced operational risk and improved authorization success,” the companies added.Real-time pay by bank data and intelligent routing, the release said, will streamline the payment experience for consumers, leading to higher conversion rates.The partnership comes during an “exciting time” to be in the open banking and pay-by-bank space, as Trustly Chief Product Officer Adam D’arcy told PYMNTS earlier this year.As that report notes, open banking has been around for years, growing in popularity in the U.K. and Hong Kong. The U.S., however, has only just started to embrace its potential.Pay by bank is poised to complement — and not compete with — existing payment methods such as digital wallets. D’arcy argued that wallets such as Apple Pay and Google Pay could someday incorporate pay-by-bank functionality, in the same way that they’ve integrated buy now, pay later (BNPL) solutions.“It’s still very nascent, particularly in the U.S.,” he said, citing the need for standardization and broader consumer education before such integrations become widespread.This adoption depends on dual participation by merchants and consumers
Payment failures are a major challenge for merchants, especially as they expand globally. Consumers expect seamless transactions, and payment declines can lead to abandoned purchases, lost sales and damaged loyalty. According to a PYMNTS Intelligence report, “How Open Payments Boost Performance,” in collaboration with Spreedly, open payments platforms help merchants improve conversion rates, track key performance metrics, and reduce involuntary churn, particularly for subscription businesses. Increasing Customer ConversionFalse declines — when a payment is incorrectly rejected — are a costly problem for merchants. According to the report, $157 billion in U.S. eCommerce sales were at risk due to false declines in 2023
In the modern business landscape, adopting open payments platforms is no longer optional; it’s a necessity. A PYMNTS Intelligence report, “Three Things You Need to Know About Open Payments,” a collaboration with Spreedly, reveals three themes about open payments connectivity that every business owner should know. From safeguarding operations against downtime to optimizing transaction processing and leveraging open banking, these platforms help businesses stay competitive and efficient in a fast-paced environment
dLocal, the leading payment platform connecting global merchants to emerging markets, today announced the expansion of its partnership with Spreedly, the world's leading Open Payments Platform.