Juniqe supercharges its payment stack with Hyperswitch
Headquarters
Berlin, Germany
Presence
13 countries across Europe

About Juniqe

Juniqe is a Berlin-based e-commerce site operating since 2014, and specializes in art prints, apparel and accessories.

Art lovers can discover new designs by independent artists every day.

Payment Challenges

  • Expand to more payment methods
  • Future proof the payment stack with a strategic partner
  • Klarna, a strategically important payment method was unavailable on the current payment stack

With Germany being the primary market of Juniqe, Paypal and Klarna were strategically important payment methods. Juniqe’s primary payment processor mandated Juniqe to migrate the latest version of the API, on which Klarna was not available. Hence, Juniqe was looking forward to future proof the payment stack with a strategic partner.

Solution

Hyperswitch enabled Juniqe to instantly launch the new payments stack with Paypal and Klarna, improving the overall customer experience.

Also, Juniqe ships to 13 countries across Europe, and generates over 40 percent of revenue outside the company’s home country of Germany.

With such global expansion requirements, Juniqe needed to integrate multiple local payment methods such as Giropay, iDEAL, Sofort, Blik.

Impact

Paypal was a strategically important payment method for Juniqe. And by using Hyperswitch, Juniqe was able to directly connect with Paypal rather than offering Paypal through an alternative processor, which helps save on the payment processing costs.

Expand to more payment methods

Hyperswitch future proofed Juniqe payment stack with all the local payment methods such as Giropay, iDEAL, Sofort, Blik and many more from the list of 200+ available payment methods.

Reduce payment processing costs with direct connection

A direct connection with payment methods such as Paypal, Klarna eliminates intermediary fees and provides a savings of up to 0.2% on the Total Gross Merchandise Value.

For instance, in Europe the cost of processing with Paypal varies as below:

Via Paypal Via Stripe* Via Adyen**
Paypal Paypal fees (0.2% + €0.10) + PayPal fees (€0.11) + PayPal fees

*https://stripe.com/de-nl/pricing/local-payment-methods

**https://www.adyen.com/pricing

Streamline payments with Hyperswitch
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