The transition from PostFinance PSP to Checkout Flex

Notification from PostFinance

PostFinance recently wrote to all its customers to inform them comprehensively about the upcoming transition. For customers, this was a clear signal that they can count on the company's reliability and transparency even in times of change. This proactive communication approach has certainly helped to further strengthen customer trust and loyalty.

Thank you for using PostFinance Basic, Startup or Professional in your online shop. As already informed, the existing solution will be discontinued as of 31 December 2023 and replaced by the Checkout Flex payment solution. You can find further information on the discontinuation of the existing solution in the enclosed termination letter.

The new all-in-one payment service providing solution from PostFinance offers you maximum flexibility in integrating payment methods and choosing acceptance partners. With the user-friendly Checkout Backoffice tool, you also easily manage all settings and online sales in the e-payment module.

For a seamless transition from the existing PSP product to Checkout Flex with the e-payment module, we recommend that you configure the new solution immediately. If you have set up your online shop via a web agency, please involve your contact person in good time.

A compilation of the most important steps for upgrading to Checkout Flex can be found in this booklet. This guide is intended to assist you with setting up the Checkout Backoffice and configuring the main payment methods: credit card, PostFinance payment methods and TWINT.

— PostFinance Notification

PostFinance is discontinuing its previous PSP products (Basic, Startup, Professional) by 31 December 2023 and is instead introducing the more flexible and user-friendly "Checkout Flex" solution. This new solution enables easy management of settings and online sales through the Checkout Backoffice tool. For a smooth transition, it is advisable to configure Checkout Flex as soon as possible and, if applicable, to involve your web agency at an early stage.

Interesting facts on the topic

• PostFinance is one of the leading payment service providers in Switzerland and has a long history in the financial world.

• Checkout Flex was developed to meet the growing needs of the e-commerce market.

• Switzerland has one of the highest e-commerce penetration rates in Europe.

• With Checkout Flex, customers can pay in their preferred currency.

• The system also offers recurring payments, making it ideal for subscriptions.

• The transition from traditional payment methods to digital solutions has transformed the business world in Switzerland.

• By integrating PostFinance and other payment methods such as TWINT and bank transfer, Payrexx doubled its customer base in a short space of time.

An easy switch from PostFinance to Payrexx

An alternative to the new Checkout Flex solution is switching to the all-in-one payment solution from Payrexx. One of the main reasons why many businesses are considering switching to Payrexx is the simplicity of the process. Clear instructions and a dedicated customer support team ensure a smooth transition.

The integration is done quickly, and you can get started with the system on the very same day. The onboarding process is designed to be short and concise, meaning no valuable time is lost. Another decisive advantage is cost efficiency: there are no setup fees at all. This makes switching to Payrexx not only simple, but also economically attractive. With Payrexx, businesses rely on a solution that convinces both in terms of user-friendliness and cost-effectiveness.

The ideal checkout product for merchants

For those considering a switch, Payrexx's checkout product is just the right thing. It was specially developed for merchants looking for a reliable, efficient and user-friendly payment solution. Two options are particularly worth highlighting:

Merchant API

This interface allows you to connect your business system directly and in a customised way to the payment service. This means that you have full control over the payment process and can design it exactly according to your ideas and requirements. It is ideal for those looking for an individual solution and who value maximum customisability.

Shop plugins

For those who use common e-commerce platforms, integration via shop plugins offers a quick and uncomplicated way to integrate the payment service into their online shop. It requires minimal technical effort and makes it possible to accept payments in a very short time.

The online payment market is developing rapidly, and amidst this change, it is of key importance that you always stay up to date. With these integration options, whether through the merchant API or the practical shop plugins, you are optimally positioned to be successful in the digital retail world.

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