Munich / Vienna:, 21.09.2011

PAY.ON and payolution cooperate

PAY.ON AG and payolution GmbH cooperate to market their payment services. payolution enables online merchants to offer their customers payment solutions like “pay by instalments” and “pay by invoice” on the internet. For the first time, payolution makes these solutions available on the Austrian market. Both payment methods are connected to the PAY.ON gateway PayPipe and integrated into the platform PaySourcing as of now.

PAY.ON systems enable payment providers such as PSPs global online payment processing via one single interface as well as access to the biggest network of connectors and payment schemes worldwide. In cooperating with PAY.ON, payolution’s payment methods can now be offered globally to a multitude of PSPs and merchants. PAY.ON serves leading PSPs worldwide with more than 140 different payment systems.

PSPs already using PAY.ON products are now able to offer the payolution solutions to their online merchants – without any complex technical changes. By connecting the payolution products, PAY.ON adds 2 more payment schemes for payment providers worldwide to its portfolio.

payolution was established last spring in Vienna by Stefan Kalteis and Michael Altrichter. Online merchants benefit from their services with more turnover, more liquidity and more profit. Next to “pay by instalments” and “pay by invoice”, the payolution service portfolio also includes liquidity management as well as social risk management.

Michael Altrichter, founder and Managing Director of payolution, says: “German and Austrian online customers prefer “pay by invoice” – it is the most popular payment method. Yet very few merchants offer this alternative as the administrative effort is too high. We solve this problem for our merchants. In cooperating with PAY.ON, our services are integrated much faster and simpler at PSPs and consequently their merchants.”

For PAY.ON, Markus Rinderer, CEO, adds: “We are very happy to add the payolution payment solutions to our portfolio. The products are innovative, professional and flexible, which makes them a perfect fit for PAY.ON. We support our cooperation partners in their global market penetration. They gain access to international payment providers, who our partners can then appoint as resellers of their payment method. We are looking forward to a successful partnership with payolution.”

Press Release PAY.ON and payolution cooperate - [35 KB]