Iliadtelecommunications company owned by French billionaire and startup investor Xavier Niel, is launching a payments subsidiary called Stancer. The team has focused on one thing in particular – reducing transaction fees as much as possible.
While French retailers, online stores and businesses can use Stancer starting today, Iliad already uses Stancer for many of its operations, including as a payment processing platform to bill Free’s mobile and internet subscribers. Stancer currently processes 200,000 transactions per day – it represents 6 million transactions per month and a transaction volume of 1.3 billion euros.
Stancer is both an online and offline payment company. When it comes to online payments, Stancer customers can accept card payments as well as SEPA direct debit. It works with both one-time payments and recurring payments. For larger amounts and special use cases, Stancer also supports incoming bank transfers via SEPA.
The startup charges a 0.7% variable fee and a €0.15 fee on card transactions with cards issued within the European Economic Area. For comparison, Stripe charges 1.4% + 0.25€ for payments with a European Economic Area card.
SEPA direct debit on Stancer is slightly cheaper than paying by card with a variable fee of 0.4% and a fixed fee of € 0.10. There are many ways to accept Stancer payments – an API, a popup or iframe, a Stancer-hosted payment page, and CMS plugins.
For brick-and-mortar stores, Stancer can send you a Verifone payment terminal so you can start accepting card payments at your store. Stancer charges a fee of 0.7% + € 0.07 for terminal transactions of EEA cards. This is also quite competitive.
If you don’t have a lot of in-store transactions, or if you don’t have a website with a checkout process, you can also create a payment link to collect payments from your customers’ phones. This link can be shared in email or WhatsApp message. You can also generate QR codes for in-store payments.
Stancer is still in the process of being completed. For example, the company is still working on Apple Pay and supporting Google Pay for online payments. Similarly, it focuses on the current French market.
But it’s an exciting new venture for the Iliad. Stancer introduced more products, such as split payments and Stancer-designed online stores. Arguably, it will never be as big or successful as Stripe, but the payments market is also a huge industry.