Saturday, 13 June 2015

Paymill partners up with PayPal

Paymill, the online payment solution and one of the fastest growing FinTech-Startups in Europe, is teaming up with PayPal. With this partnership Paymill is completing the range of payment methods offered by its online payment solution, which now covers nearly 100% of payments in most European countries. This allows online merchants to accept and handle all relevant payment methods at one place resulting in many advantages for merchants.

Since 2012 and with a clear focus on businesses in Europe, Paymill is providing the technical infrastructure to process online payments on websites and mobile applications. According to Idealo, PayPal is the most important e-payment method in Europe and its integration makes Paymill a one-stop payment solution and payment gateway.

“Together with credit and debit card, PayPal completes our range of payment methods, that cover nearly all transactions in most European countries”, announces Mark Henkel, founder and CEO of Paymill.

“Accepting payments via multiple payment methods on a website is a hassle for merchants and combined with high implementation and maintenance costs. The Paymill API makes it easy to manage transactions”, concludes Florian Kappert from the agency Videri Concept, which is helping merchants with the implementation of online shops.

Any updates to the PayPal API are handled by Paymill, making sure that the system is future-proof. Managing Paypal via Paymill also provides merchants with helpful insights in order to constantly optimise the payment process.

With the integration of Paymill, merchants across Europe are able to accept payments globally in more than 100 currencies and
over 34 countries, which allows them to scale internationally from the get-go. Merchants simply have to add a few lines of codes to their website as an interface to Paymill. From there onwards Paymill takes care of the transaction with heavy-duty security measures already built in.

“Our vision was to make the payment process as simple as possible and to enable others to focus on what they want to achieve with their online presence”, says Mark Henkel.