Assuming you are building a webshop to sell your products or services online – then you should definitely offer your customers different payment methods.

Because: If your customers only have the option to pay in advance or with a credit card, which they may not even have, then they will probably 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 account

So you need different payment methods – nice and good, but how do you have to proceed? This is where the payment provider comes into play.

What does a payment provider do?

A payment provider or payment service provider (in English: Payment Service Provider, or PSP for short) who is also a Payment Facilitator (more on that another time) enables you to accept various payment methods – without needing to have contracts with acquirers for that. (An acquirer or acquiring bank is a financial institution that allows 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.

For online shoppers, it must be quick, secure, and convenient.

What advantages does a payment provider bring you?

A payment provider takes a lot of work off your hands – here's a look at the most important benefits you have with a reliable payment provider by your side:

• All payment methods from a single source: With a payment provider offering various payment methods, you save effort and paperwork. You only need one contract with your payment service provider and do not need 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.

• Functions for clear management: With many payment providers, you can also make use of various functions and online tools that support you in your business and make bookkeeping easier.

Is a payment provider worthwhile for your business?

Acquiring all desired payment methods, adhering to security standards, ensuring payment processing – achieving all of this without a payment provider is a complicated and exhausting challenge.

Therefore, the answer to this question is very clearly yes.

With the right supporter by your side, your payments run securely, quickly, conveniently, and customer-friendly. You save yourself a lot of time and nerves and have more energy to focus on your business.

Payrexx – you can rely on this payment provider.

Payrexx is a Swiss payment provider that supports you in every situation – so you can successfully get your business off the ground.

• 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 with questions or problems.

At Payrexx you can test all functions free of charge for 30 days. Try it now – and easily receive your first online payments.