Since its market entry in 2015 Payrexx has established itself as one of the most innovative payment platform by merging e-payment and e-commerce industries into one solution. During the past 3 years Payrexx team has been working hard in order to identify its perfect users and identified several industries that Payrexx platform suits well for. Payrexx now wants to introduce its solution on the UK market and empower local npo’s to raise more funds by accepting online donations. Lonare has decided to interview its founder and CEO, Ivan Schmid, who has developed the Payrexx concept and also has led the company from its foundation until today.
What vision & mission does Payrexx have?
The vision of Payrexx is to enable anyone to start selling online without any background in ecommerce. With Payrexx, individual users and companies can accept their first payment within a few minutes without a website and coding skills. The idea to create Payrexx has been on my mind since a couple of years which is mainly inspired by my previous project which is a web development and design company. Payment has always been a pain once we wanted to enable our customers to start processing credit cards as well as alternative payment methods on their website because it took weeks before payment providers and acquirers were able to approve their application. In addition we were going through multiple tech issues since large financial institutions were too slow updating their API and generally were not ready to support scalable e-commerce and e-payment businesses. Payrexx solves all those problems and eliminates all the complex steps. You simply sign up and start processing.
It seems that Payrexx is both an e-commerce and an e-payment solution. Can you please clarify how it works?
There are solutions on the market like Shopify and Wix that allow to build and design the content and payment providers such as PayPal or Stripe that provide technical infrastructure to accept payments. Payrexx users get all-in-one. On one hand we have got innovative tools to accept payments that can be set up in a few minutes and similar way as Content Management Systems (CMS). On the other hand we have got integrated payment providers that a user can activate in a few seconds. Anyone can place an account with us and play around with the software by testing the tools and payment providers. Once users are convinced that our solution is the right one for them, they can immediately start transacting with Payrexx Payments having Stripe in the background as their acquirer or apply for a contract with another payment provider directly from their Payrexx account, receive an approval after a couple of days and start accepting payments.
On top on that we have got we enable npo’s to design & customize donation forms by drag & drop which they can afterwards send to their potential and current by email, sms, share on social media or simply link to their website.
What makes Payrexx unique and differentiates from competitors?
A lot!:) Payrexx does not only merge ecommerce and epayment but is also the world’s first meta payment provider allowing to connect & combine several payment providers within a single payment gateway. This enables our merchants to achieve global reach by offering local and global payment methods within a single checkout.
The last but not least is the superior customer support. Payrexx employees are experts with years of experience in both industries. They can answer every question related to online payments becoming a complete advisor for every customer.
Which industries does Payrexx suit for?
We do serve multiple industries and are able to provide any business with a complete online payment solution. However, as mentioned earlier our platform suits especially well non-profit organizations that need a simple way to accept payments. If they choose Payrexx, they do not need to hire a developer or have any IT background themselves. Our user account is built in a simple and intuitive way and even if they have a problem our team will always respond to their request immediately. Costs are important as well. I can guarantee that Payrexx belongs to the most cost-effective solutions on the market in order to accept online payments.
What is your strategy in 2018?
Our primary strategy is onboard more customers on the UK market. Payrexx has everything required in order to achieve that goal. We have signed an integration agreement with Worldpay which currently the leading payment processor on the UK market by processing more than 42% of all online payments on the UK market. Our team has also conducted an internal analysis of the non-profit organization and realized that more 70% among the largest non-profit organizations in UK are not accepting donations by such important payment methods such as Visa and MasterCard. We are keen to change this and enable every npo to accept online payments.
About Payrexx
Payrexx AG is headquartered in Thun and was founded by Ivan Schmid. During a short timeframe the startup has managed to acquire already 7000 customers. Payrexx is the first provider of the e-business cloud solution, offering payments from 1 touch point. Using Payrexx, anyone can start selling immediately through all online channels. 4 innovative tools from Payrexx called Business Paylink, One Page Shop, Virtual POS cover needs of every customer. Companies, institutions, public organizations and privates can immediately start accepting credit card payments. Apart from end customer solutions Payrexx also provides complete white label solutions for financial institutions. Payrexx already partners with PostFinance, SIX, UBS, Stripe, ConCardis and many others.
See more at www.payrexx.com