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.
About BS PAYONE
BS PAYONE GmbH is one of the leading omnichannel-payment providers in Europe. As a full-service payment service provider, the company offers both standardised and individual payment solutions for point of sale and e-commerce transactions on all devices and across all channels in line with each customer's requirements.
Companies that wish to offer cashless payments to their customers receive from BS PAYONE all products for automated processing of all payment processes from a single source.This includes the acceptance of all common national and international credit and debit cards, alternative payment methods (APMs), POS and self service terminals for stationary trade and the automated and holistic processing of e-commerce and mobile payments. The company provides its customers with the highest degree of quality through the most modern network operations ensuring the highest level of security for the processing of payment data.
BS PAYONE GmbH is headquartered in Frankfurt am Main and employs around 700 employees at nine locations across Europe. The payment-service provider is a subsidiary of the Deutschen Sparkassenverlag, making it part of the Sparkassen Finance Group. BS PAYONE GmbH is licensed by and falls under the oversight of Federal Financial Supervisory Authority (BaFin), and processes more than one billion transactions every year.
In addition to the support provided to numerous Savings Banks (Sparkassen), BS PAYONE works on behalf of more than 255,000 customers in various industries - from small and medium-sized businesses to renowned international key accounts.
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.