Iliad Launches Stancer, a Low-Cost Payment Fintech for Small Merchants

This Tuesday, September 27th, the Iliad fintech company announced the creation of Stancer, a fintech company whose ambition is to “break the codes of payment for businesses.”

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In reality, this is not a creation from scratch

Stancer has existed since 2018. Its mission was to manage the payments of the group and various subsidiaries operating in commerce and e-commerce, in order to limit their costs. But it is now opening up to merchants, with a first offering called StancerPay, a physical and online payment solution.

Stancer’s promise is based primarily on pricing, with fees “two to three times cheaper than the competition” (banks and fintech companies) on credit card payments. The fee is 0.7% of the payment amount in the EEA zone, plus a fixed fee of 0.15 euro online, and no fixed fee for payments on terminals under 7 euros (0.07 euro above that). The solution is available without commitment and the mobile payment terminal for physical stores, manufactured by the American Verifone, is provided free of charge.

Stancer is only the first product in a suite of solutions

“We estimate that on a 30-euro cash receipt, the merchant saves about 50% with Stancer. On a physical receipt of 2 euros, the savings can go up to 80%,” says the start-up’s press release. “Stancer is a fairer payment solution. We first created it for ourselves, and now, after testing and refining it for several years, we want to simplify the lives of other professionals. Stancer was created by merchants, for merchants”, said Xavier Niel, the head of Iliad.

Iliad’s strategy is to focus on volume and to do so, it is starting with a large customer, itself. The fintech company has managed more than one billion euros in payments over the last 12 months.

Approved by the ACPR as a payment institution, Stancer has been headed by George Owen, a former business lawyer, since May 2022. The fintech company intends to launch in the future a complete suite of technological tools for merchants, both in physical stores and online (split payment, e-commerce site creation and hosting, scoring).

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(Featured image by AhmadArdity via Pixabay)

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