Assuming you set up a webshop to sell your products or services online — then you should definitely offer your customers various payment methods.

Because: If your customers can only pay you in advance or with a credit card they may not even have, they will likely abandon the purchase. They will flee to a competitor where they can use their favorite payment method.

Popular payment methods in Switzerland include:

• TWINT

• PostFinance

• Visa

• Mastercard

• Purchase on invoice

So you need various payment methods — all well and good, but how should you proceed? This is where the payment provider comes into play.

What does a payment provider do?

A payment provider or payment service provider (PSP for short), which is also a Payment Facilitator (more on that some other time), enables you to accept various payment methods — without needing to have contracts with acquirers. (An acquirer or acquiring bank is a financial institution that provides merchants access to the credit card payment system.)

It handles the electronic payment processing between your company and your customers, takes care of the technical aspects, and the security during transactions.

Online shoppers need it to be fast, safe, and convenient.

What advantages does a payment provider offer you?

A payment provider takes a lot of work off your shoulders — here’s a look at the main advantages you have with a reliable payment provider by your side:

• All payment methods from a single source: With a payment provider that offers various payment methods, you save yourself effort and paperwork. You only need one contract with your payment service provider and don’t have to negotiate with acquirers.

• Highest security: Companies that process payments are subject to strict security regulations. With a reputable payment provider, both you and your customers benefit from secure payment processing with minimized fraud risk.

• Features for clear management: With many payment providers, you can also make use of various features and online tools that support your business and make accounting easier for you.

Is a payment provider worth it for your company?

Acquiring all desired payment methods, maintaining security standards, ensuring payment processing — doing all this without a payment provider is a complicated and exhausting challenge.

Therefore, the answer to this question is definitely yes.

With the right partner by your side, your payments will run securely, quickly, conveniently, and customer-friendly. You save a lot of time and nerves and have more energy to take care of your business.

Payrexx — you can rely on this payment provider.

Payrexx is a Swiss payment provider that supports you in any situation — so you can successfully get started with your business.

• Offer your customers Visa, Mastercard, TWINT, PostFinance and other payment methods — all from a single source, with just one contract.

• Benefit from the highest Swiss security standards.

• Use the simple and intuitive online tools — design your own webshop, create QR payment codes, and much more.

• Contact our reliable and friendly customer service anytime for questions or issues.

At Payrexx, you can test all functions free for 30 days. Try it now — and start receiving your first online payments effortlessly.