Spence’s end. While the small world of telecommunications and technology has been staring at Iliad Group (Free) Stancer for several days, the veil was lifted on Tuesday morning. After all, it is not a bank. Stencer “payments provider that offers solutions for merchants and small businesses“. The project was born in 2018 under the leadership of Xavier Neal, the founder of Free. “At Iliad, we’re tired of paying exorbitant fees to get our subscribers. This is how Stenser was born. It is a fairer payment solution“, he tells. Already in 2019, Stancer was used by the Iliad group, while the Stancer Pay solution was offered to merchants and freelancers. The offer covers all distribution channels with low prices and relatively simple implementation.
A merchant must first connect to the Stancer website to register an “ea few minutes“. For online payments, he gets an API (programming interface) to integrate with his website, which allows him to accept payments with Stancer or a payment link for remote dialing (SMS, email, QR code, social networks, etc.). ). For payments in stores (or roaming, for example in markets), the seller has an electronic payment terminal equipped with a Free Mobile card. “We made Iliad an alter ego in the world of payments. Stancer is optional, subscription-free and competitive,” adds George Owen, CEO of Stancer, estimating that it is two to three times cheaper than its competitors.
For physical collection, Stancer receives a variable commission of 0.7% and a fixed commission of 7 cents for transactions over €7. The commission is also 0.7% cents for online payments and a flat 15 cents for transactions over €7. “We want to prevent merchants from having to refuse card payments when the amounts are too small because of too high fees.adds George Owen. The commission rises to 2.5% for payments outside the euro area. The terminal is free for a minimum of 150 transactions per month. Otherwise, 15 euros per month will be charged. In addition to the payment solution, Stancer provides access to a dashboard that summarizes all payments.
With such a pricing stance, Stencer hopes to shake up the payments world, just as Free did in the telecom industry before it. The market is constantly evolving with the arrival of new players, be it startups like SumUp or gigatechs like Apple Pay. ” The time is right to launch an alternative payment solution, we are in an economic context where margins for small merchants and independents are under pressure. We hope to find a response with this targetadds George Owen. In the long term, strategic cooperation with entities of the Free group is planned, which can give a boost to StancerPay. The service was first launched in France, and Stancer “in strategic thinking for other European countries, priority for countries where “Iliad” already existslike Italy or Poland.
Today, Stencer has a team of 25 and continues to recruit. It is targeting at least twenty jobs over the next twelve months.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.