Kiel, 05 April 2016 – Germans’ favourite payment method online is on invoice, as the 20th ECC-Payment-Studie payment study has just confirmed. Yet what is easy and convenient from the consumer’s perspective is one of the more complex payment processes for merchants: the goods are delivered to the customer before the seller receives payment. With the integration of payolution, PAYONE is now offering shop operators a simple and secure way to offer their customers payment on invoice.
This partnership further extends the payment service provider’s wide range of payment options.
payolution’s portfolio services include not just purchase on invoice, but also secure payment by instalments and monthly billing. payolution provides comprehensive receivables management from the time of purchase. This means the merchant does not need to worry about potential default, and can immediately count on the invoice sum in their liquidity planning.
“In payolution, we have gained a strong and highly experienced partner for purchase on invoice. Both merchants and customers alike will benefit from this attractive purchase on invoice alternative: a payment option so popular in Germany will attract online consumers, while the payment guarantee provides security for online traders”, said Jan Kanieß, founder and co-CEO of PAYONE as he welcomed the new partnership.
“PAYONE is the perfect business partner for us – and there are two reasons for that: their comprehensive expertise as a full-service payment provider for large and international businesses, and also – perhaps even more importantly – their excellent service standards. Right from our initial discussions, I was struck by how well our products and indeed our teams worked together”, added Bernhard Linemayr, CEO of payolution.
PAYONE offers solutions (SaaS) to companies for the fully automated and comprehensive handling of all payments in e-commerce. The payment service provider is a company of the Savings Banks Finance Group and is approved as a payment institution by the Federal Financial Supervisory Authority. The range of services includes receiving and handling national and international payment types, cash and risk management and all financial services. Standardised interfaces and extensions allow for simple integration into existing e-commerce and IT systems with maximum security standards.
PAYONE is one of the 50 fastest-growing technology companies in Germany and has more than 4000 e-commerce customers from a variety of sectors and countries. This list includes well-known companies such as Immonet, Globetrotter Ausrüstung, HD PLUS, Fujitsu, Zalando, Hawesko, Sony Music and Hallhuber. PAYONE has around 150 employees.
payolution GmbH has been providing innovative solutions for purchase on invoice, payment by instalments and monthly billing for online traders in Germany, Austria and Switzerland since 2011. A key aspect of the company’s service is its white label approach: payolution manages all aspects of payment processing for its partners, but the customer sees only the merchant’s familiar design. This leaves the focus on the provider’s valued brand and customers continue to purchase from their trusted merchant, who can in turn offer consumers the most popular payment method in the region at no risk. payolution has been part of the international Paysafe Group plc since August 2015.