Munich / Berlin, 22.11.2010

PAY.ON and RatePAY announce partnership

PAY.ON AG, a leading supplier of online payment and risk management technologies, and RatePAY GmbH, a specialist for online instalment payments headquartered in Berlin, enter a partner agreement.

RatePAY GmbH offers an innovative solution for instalment payments and sales on account that is specially geared to online merchants. In cooperation with PAY.ON, RatePAY is now able to offer their specific payment methods “RatePAY-Instalments”, “Rate-PAY-Invoicing” and “RatePAY-Relax” to a wide range of PSPs and merchants. PAY.ON has added those three RatePAY products as new payment methods into its PaySourcing and PayPipe products. PSPs using either PaySourcing or PayPipe can add RatePAY to their portfolio and sell it to their merchants. Additionally, RatePAY’s complete check-out process has been designed and developed by PAY.ON, as well as optimized to the highest possible conversion rates. Merchants who are already integrated are able to add the new products to their checkout process without any technical changes on their side. PAY.ON also manages the technical integration of merchants, allowing RatePAY to save the costs of integration.

As a leading online payment technology provider and processor of payment transactions, PAY.ON serves PSPs worldwide with more than 140 different payment systems. It offers outsourcing services, gateway connections, wallet solutions, risk management services and technical backend services to run payment businesses to payment service providers worldwide. Together with a huge global network, this provides RatePAY the opportunity to expand and grow further.

RatePAY was founded in late 2009 and is a highly motivated and dynamic young company with an experienced staff. This spirit and know-how is reflected in all RatePAY products, which are highly innovative, custom-tailored and flexible. RatePAY employs PAY.ON as a sales channel to directly sell their products to already connected PSPs. With RatePAY products, online merchants can offer their customers an instalment payment plan or purchases on account without any additional effort or risk.

Miriam Wohlfarth, Managing Director and Co-founder of RatePAY: “Regarding online payment technologies, PAY.ON is on top of the business. We were very impressed with their know-how, professionalism and expertise. To us, PAY.ON is the perfect partner when it comes to payment solutions on the internet. We are delighted about the partnership.”

Markus Rinderer, CEO of PAY.ON, adds: “We are very happy to add RatePAY’s payment methods to our portfolio. Their products are highly professional, innovative and secure and therefore a perfect fit for PAY.ON. We are looking forward to a successful and fruitful partnership.”