Industry SectorsConsumer/RetailPaymill and PAY.ON Form Strategic Partnership

Paymill and PAY.ON Form Strategic Partnership

Germany’s PAY.ON, an international provider of web-based payment infrastructure services and payment service provider (PSP) Paymill, which was founded last June, have agreed on a strategic partnership, which they said will aim to develop new customer segments.

Under the agreement, Paymill will use PAY.ON technology to optimise its existing payment processes and increase the choice of payment type selections for customers of listed merchants. In turn PAY.ON will gain access to new merchant segments that Paymill is acquiring from its technological solution.

Paymill gives online stores and service providers on the internet the ability to integrate card payments on their websites, offering a simple application programming interface (API), fast onboarding process and transparent pricing.

Integration of the service is facilitated for merchants by simple copying and pasting of a few lines of code into the source code of their websites. The service includes providing of payment methods and secure payment processing in the background. Besides newly-developed workflows for simpler, direct integration of merchants, PAY.ON makes additional payment methods, such as direct debit and 3D Secure, available to Paymill merchants.

“Simple integration of familiar payment methods is the key to success for more turnover for online stores and an increasing number of software as a service (SaaS) providers,” said Markus Rinderer, chief executive officer (CEO) of PAY.ON. “Consistent implementation of this fundamental principle currently makes Paymill a very popular payment service provider in the European area.

“We are really excited that collaboration with Paymill has given us this opportunity to establish a foothold with a new technology and a new payment service offering for merchants. For PAY.ON, this also means logging into an interesting, self-determined merchant community.”

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