The transition from PostFinance PSP to Checkout Flex

In the ever-changing digital world, corporate offerings are also adapting to the latest technology trends. As part of these dynamic developments, the PostFinance company has decided to phase out the PSP products Basic, Startup and Professional by the end of the year. However, this does not mark the end, but rather the beginning of a new era in payment processing: PostFinance Checkout Flex.

Transition - Checkout Flex will replace current PSP services effective December 31, 2023.

Message from PostFinance

PostFinance recently wrote to all its customers to inform them in detail about the upcoming transition. This was a clear signal to customers 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 the trust and loyalty of customers.

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

The new payment service providing complete solution from PostFinance offers you maximum flexibility in the integration of payment types and the choice of acceptance partners. With the user-friendly checkout back-office tool, you can 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 store 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 support you in setting up the Checkout back office and configuring the most important payment types: credit card, PostFinance payment types and TWINT.

- Message PostFinance

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

Interesting facts about 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, which makes it ideal for subscriptions.

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

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

A simple switch from PostFinance to Payrexx

An alternative to the new Checkout Flex solution is to switch to Payrexx's all-in-one payment solution. One of the main reasons many businesses consider 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, you can start using the system the same day. The onboarding process is designed to be short and precise, so no valuable time is lost. Another key advantage is cost efficiency: There are no setup fees at all. This makes the switch to Payrexx not only easy, but also economically attractive. With Payrexx, companies rely on a solution that is convincing both in terms of user-friendliness and in economic terms.

The ideal checkout product for merchants

For those considering making the switch, Payrexx's Checkout product is just the ticket. It was developed specifically for merchants who are looking for a reliable, efficient and user-friendly payment solution. Two options are particularly worth highlighting:

Dealer API

This interface allows you to connect your business system directly and customized 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 who are looking for an individual solution and value maximum customizability.

Store plugins

For those who use common e-commerce platforms, integration via store plugins offers a quick and easy way to add the payment service to their online store. It requires minimal technical effort and allows accepting payments in no time.

The online payments market is evolving rapidly, and in the midst of this change, it's crucial that you stay on top of the latest developments. With these integration options, whether through the merchant API or the handy store plugins, you're ideally positioned to succeed in the digital commerce world.

Would you like to convince yourself of Payrexx? Register and test all functions free of charge for 30 days.