Adyen

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Adyen
Private
Industry payments technology
Founded 2006
Headquarters Amsterdam, Amsterdam, The Netherlands
Number of locations
San Francisco, São Paulo, London, Singapore, Berlin, Paris, Stockholm, Madrid
Services Payment service provider
Number of employees
300
Website adyen.com

Adyen is a global multichannel payment company offering businesses an outsourced payment solution, which enables merchants to accept payments from anywhere in the world and provides a global payment solution for mid, large and enterprise e-commerce merchants. Adyen serves over 3,500 customers globally. It reported over 100% growth in terms of revenue and 40% growth in new customer wins in 2014, and earnings of $95 million in revenue in 2013, up from $65 million in 2012.[1] It has over ten years of experience in running high-volume payment systems. It is a privately held company.

Adyen offers merchants online services for accepting electronic payments by payment methods including credit cards, bank based payments such as debit cards, bank transfer, and real-time bank transfers based on online banking. Adyen's online payment platform connects to 250 payment methods across North America, Latin America, Europe, Asia, Pacific, and Oceania. From international credit cards to local cash-based methods, like Boleto in Brazil) and internet banking methods like iDEAL in the Netherlands. Adyen provides a single solution, available for three payment acceptance platforms.

The service is used by international and multinationals companies including Facebook, Evernote, Spotify, Airbnb, Mango, Vodafone, Booking.com, KLM, Greenpeace, Soundcloud,[2] Superdry and Groupon.

History[edit]

Adyen was founded in 2006 by a team of payment industry professionals (the core management team hails from Bibit and have been working together for close to twelve years). Headquartered in Amsterdam the company employs around 250 people in offices in ten countries.[citation needed]

Growth[edit]

In 2014, Adyen processed more than USD25B in payment transactions worldwide, a close to 80% increase over 2013. This helped continue the trend of double-digit annual growth that Adyen has experienced since 2007. In December 2014, the company announced a funding round of $250 million.[3]

E-commerce[edit]

Adyen has designed an online payment solution that offers maximum control by offering single screen payment pages, one-click payments, and A/B testing. Adyen supports plug-ins for the leading international e-commerce platforms. They have integration plug-ins for leading platforms such as Magento, Demandware, Prestashop, Hybris, Amadeus and others.

Mobile payments[edit]

Adyen offers their e-commerce solution for mobile iOS or Android or Windows mobile devices. This allows companies to provide payment methods for customers anywhere around the world. When using Adyen's the companies can offer their customer a one click solution. Companies' small screen consumers can choose to be “remembered” on payment pages by storing their payment details on Adyen's secure platform. From then on, customers fill their shopping cart, go to the check out page and click “pay”.

Point-of-Sale payments[edit]

Adyen has launched a mobile point-of-sale. The payment device allows merchants to accept both chip and pin payments from a mobile device – meaning it accepts all credit and debit cards that are widely used across Europe. The Adyen Shuttle offers face-to-face payment solutions, with payment terminals that work directly with a mobile device to receive payments on the go.

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