Listen to this articleSince its market entry in 2015 Payrexx has established itself as one of the most innovative solution by merging e-payment and e-commerce industries into one customer oriented solution. Payrexx launched its solution by providing its service only to end customers. After just one 1 year of exponential growth, it has discovered the need of large enterprises including financial institutions and payment service providers to have a simple online payment solution and therefore started to offer its solution as a white label. Such strategy has proven to be a success allowing to acquire world-known customers. Payrexx already partners with PostFinance, SIX, UBS, Stripe, ConCardis and many others.
We have 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.
Q: What vision & mission does Payrexx have?
A: The vision of Payrexx is to allow anyone regardless of knowledge and capital to accept online payments, sell physical goods, services and accept donations. With Payrexx, freelancers and sme’s can accept their first online payment within 5 minutes and without any IT background, by using our user-friendly tools such One Page Shop, Virtual POS and Business Paylink. I have been carrying the idea of creating Payrexx for a while since I have been previously running a web design & development company and noticed that payment providers were able to legally approve their customers but struggled to ensure that their gateway easily integrates and works with their customer’s website, CRM, accounting software etc.
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Q: It seems that Payrexx is both an e-commerce and an e-payment solution. Can you please clarify how it works?
A: 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.
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Q: What makes Payrexx unique and differentiates from competitors?
A: A lot!:) Apart from uniting e-commerce and e-payment processes, our tools for accepting payments are also unique. For example, our One Page Shop is the first online shop on one page in the whole world. Once the customer clicks on a One Page Shop link, a simple page with products and payment details opens letting the customer to select the items and proceed with the payment on one page instead of getting forwarded to a complex online shop. Payrexx tools can be integrated into any Content Management System (CMS) worldwide including WordPress, Wix or Jeemdo. Payrexx is also the world’s first meta payment provider allowing to connect & combine several payment providers within a single payment gateway.
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 becoming a competent advisor for every user.
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Q: Which industries does Payrexx suit for?
A: Payrexx is a great fit for NPOs (non-profit organizations), travel & tourism as well as hotels & accommodation businesses, membership & subscription model businesses, health & fitness industries, call centers, diverse types of agencies providing custom & standard services. Our white label solution is suited for businesses that are already providing finance and payment industries, diverse subscription-based businesses, hosting, accounting and ERP software providers.
Q: What is your strategy in 2017?
A: Our primary strategy is an international expansion. After a deep analysis we have found out that we have the highest success chance in the following 25 countries: Australia, Belgium, Brazil, Canada, China, Denmark, Deutschland, Finland, France, Hong Kong, India, Ireland, Italy, Japan, Luxembourg, Mexico, New Zealand, Netherlands, Norway, Austria, Portugal, Switzerland, Singapore, Spain, Sweden, United Kingdom and United States. Payrexx’s marketing website as well as the software back end is already available in 7 languages which will be further extended so that every user in those countries can use Payrexx in their own language. Payrexx pricing strategy supports the goal to allow everyone to get started, which is why the service is available for free. Subscription that is suited for medium -and large-sized enterprises is priced at 49.- USD/ month and offers the best transaction fees for users.
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