Take, for example, the local football club: The club tournament is approaching, the table is set, and all the volunteers are ready to help. A catering stand is supposed to ensure the well-being of the players and visitors, with drinks, fryers, and cakes already organized. Now, all that's missing is a simple way to collect payments.

Rather than relying on cash, registering extra with TWINT, or even purchasing an expensive terminal, the club opts for the simple yet comprehensive solution – Payrexx. Or more precisely: Payrexx Tap to Pay.

What exactly is Payrexx Tap to Pay?

The Swiss payment provider from Thun has specialized in the needs of SMEs, clubs, start-ups, and non-profit organisations and knows: It must be straightforward, user-friendly, and cost-effective. This is precisely where the newly developed product “Tap to Pay” comes into play.

The SoftPOS technology, short for “Software Point of Sale,” allows merchants to accept payments directly via their smartphone. With the Android application, anyone can easily collect payments on the spot, directly through their device, without complex registration processes or expensive technology. Mobile, flexible, and modern.

Here's how it works:

All incoming transactions are clearly compiled in the football club's Payrexx account, providing the cashier with a clear overview of all amounts received later on. And when the tournament is over, the use cases for Payrexx do not stop: Membership fees, trial training sessions, crowdfunding, or jersey sales can also be processed by the club directly via the various Payrexx products.

Of course, Payrexx Tap to Pay is not only suitable for the exemplary football club. The application has been developed in such a way that a wide range of use cases are conceivable. Whether it's fitness centres, swimming pools, kiosks, food trucks, hairdressers, florists, cleaning services, craftsmen, dentists, taxi drivers, street artists, or music societies: Anywhere the phone has internet reception, Tap to Pay can be used to receive payments.

What should the new product achieve?

For Payrexx, Tap to Pay is a milestone on the path from pure e-commerce to omnichannel provider. While the company from Thun has so far primarily focused on online merchants, Tap to Pay is now the first product aimed specifically at taking on-site commerce into account. Thus, Payrexx opens up a new target group – consisting of small merchants, associations, non-profit organisations, or indeed clubs, whom Payrexx wants to support in receiving payments on-site.

While international and listed payment providers focus on large, high-revenue companies and often offer poor conditions to the small ones, Payrexx is committed precisely to these. Starting itself as a start-up in Thun, Payrexx knows exactly the challenges of an SME. Accordingly, Payrexx’s vision is: Everyone should be able to trade – regardless of their experience or financial possibilities.

This attitude is ultimately reflected in the costs. As these can be crucial for small merchants, they have been kept as low as possible with Payrexx Tap to Pay. Both the Payrexx account and the application can be obtained free of charge. With transaction costs of 1.65 % + 0.15 EUR, Payrexx can not only keep up with the competition but also partially undercut it.

Payrexx Tap to Pay is currently only available for Android devices, as Apple only released the NFC technology for Swiss applications this year. Payrexx is working tirelessly to bring Tap to Pay to iPhones and iPads as soon as possible.