Adyen and Vivid initiate instant card payment services with immediate payouts tailored for Small and Medium-Sized Enterprises (SMEs) across Europe.
Small and medium-sized businesses (SMBs) across Europe are set to benefit from a new card acquiring solution launched by Vivid, in partnership with Adyen. This innovative payment platform is designed to simplify payment acceptance, eliminate cash flow gaps, and provide instant access to earnings for SMBs.
The solution addresses a significant pain point for SMBs by eliminating the usual multi-day waiting periods to receive funds from card payments. Businesses can now receive their revenues in real-time, enabling them to pay suppliers, cover wages, and invest in growth without delay.
Key features of this solution include instant access to funds, seamless payment acceptance, competitive pricing, wide availability across the EU, and support for SMB growth. The partnership offers this advanced card acquiring service at a fraction of the cost compared to traditional solutions, making it accessible even to freelancers and small businesses.
The new service integrates seamlessly with popular platforms such as WooCommerce, OpenCart, Wix, and others, allowing businesses to accept card payments effortlessly with one single integration for online and POS. SMBs can also send invoices with integrated payment links for fast online payment.
Hella Fuhrmann, Country Manager DACH at Adyen, commented that the Adyen for Platforms model allows Vivid to offer a seamless way to accept payments online and in-person, and access funds instantly. Alexander Emeshev, Co-Founder of Vivid Money, stated that partnering with Adyen brings enterprise-grade payment technology to the smallest businesses in Europe.
According to Visa, 34% of European micro and small merchants still do not accept card payments. High costs and complicated onboarding processes are the main reasons why many small businesses remain offline when it comes to accepting payments. However, Vivid and Adyen's card acquiring solution aims to remove these barriers, allowing SMEs and entrepreneurs to accept Apple Pay, Google Pay, and card payments with ease.
Research shows that accepting digital payments can lead to increased customer spending (55%) and turnover (41% to 15%) for small businesses in Europe. By removing payment delays and simplifying cash flow management, the solution helps smaller businesses compete more effectively in the fast-paced digital economy and supports their scaling efforts.
Vivid, a leading financial platform for European entrepreneurs and SMEs, is launching this card acquiring solution with Adyen, marking a powerful step toward solving the everyday cash flow and complexity challenges that small businesses face. The service is available to all Vivid Business customers throughout the European Union.
[1] Vivid Press Release, (2022). [link] [2] Adyen Press Release, (2022). [link] [3] Visa SMB Survey, (2021). [link] [4] European Commission, (2020). [link]
- By partnering with Adyen, Vivid Money brings an advanced card acquiring service to small businesses, enabling them to accept Apple Pay, Google Pay, and card payments easily, as reported in the press release from Vivid (2022).
- As stated in the Visa SMB Survey (2021), accepting digital payments can lead to increased customer spending and turnover for small businesses in Europe, a benefit that Vivid's card acquiring solution, available to all Vivid Business customers throughout the EU, aims to provide by removing payment delays and simplifying cash flow management.
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