Whop launches independent payment structure for online sellers

Whop has launched its independent payment infrastructure to get rid of its reliance on third-party providers and provide digital creators and businesses with faster, more reliable, and lower-cost transactions. The system supports multi-payment service providers (PSP) collaboration to improve acceptance rates and can immediately retry failed payments, with a discounted rate of 2.7% + 30 cents per transaction. It supports global payments through local banks, Bitcoin or stablecoins and integrates with Whop’s ecosystem of storefronts, memberships and analytics tools. Early testing showed that the platform's revenue grew by as much as 10%, and now has processed more than $1.5 billion in sales.