New: Online payment methods for SMEs! MyCOMMERCE and Payrexx collaborate

Simple and secure online payment processing is a critical factor for successful online commerce. To support our MyCOMMERCE merchants, we sought and found Payrexx, a Swiss payment service provider that shares our values ​​– simplicity and success for SMEs. The direct integration of Payrexx into MyCOMMERCE is simple, fast, and optimally tailored to SMEs.

eCommerce and ePayment – ​​a Swiss love story with a future

Year after year, online retail sales figures have only gone in one direction: upward. In addition, the coronavirus pandemic has brought a lot of attention to online retail in Switzerland. Current analyses show that Swiss online retail is expected to grow by 30% this year. (Source: Carpathia AG)

SMEs in particular are looking for new ways to sell their products during the crisis – often with an online shop. Conversely, consumers in Switzerland have become accustomed to shopping online at their local store during the lockdown, and they want to continue doing so.

New online customers are here to stay. 39% of consumers want to be able to order online in the future. (Source: localsearch)

Swiss online shoppers have high expectations of their shopping experience. All processes must be simple, products must be described in detail, and shipping costs are frowned upon. Especially when the customer is in the shopping cart checkout, it is essential to offer the right payment method. In Switzerland, traditional purchase on account and online credit card payments are the most popular, closely followed by other online payment methods such as PayPal and PostFinance (source: MyCOMMERCE). The recipe for success is clear: Those who have a simple and streamlined processing ensure the opportunity for increased sales.

MyCOMMERCE and Payrexx – selling online and receiving payments doesn’t have to be complicated

Running an online shop professionally can be challenging for an SME. eCommerce is more than just downloading a shop system and uploading a few images. Creating a streamlined process all the way to checkout with the most popular payment methods can be complex. Conclusion: Completely impossible for an SME? Wrong!

MyCOMMERCE offers a simple and user-friendly shop with a modular system. Not only is the online shop simple to set up, but so is the integration with the website, marketplaces, and marketing platforms. A professional shop that appeals to both retailers and end consumers. More information about shop construction can be found here.

Connecting online payment methods hasn’t been easy until now. To ease the burden on our merchants, we sought and found Payrexx, a Swiss payment service provider that shares our values ​​– simplicity and success for SMEs.

Payrexx is directly integrated into MyCOMMERCE. With just a few clicks, you can create an account and start connecting online payment methods right away.

The connection is set up in minutes and offers end consumers a simple and secure purchase process. The selection of common payment methods is defined by the merchant.

What are the advantages over other solutions?

Simplicity

Simplicity is our top priority. But it’s not just the intuitive handling, which requires no IT knowledge, that’s easy:

Cloud-based solution:

The solutions are directly connected and available entirely online, via a simple login. Payrexx and MyCOMMERCE are responsible for operation, maintenance, and server security. What does this mean for you?

• No more tedious downloading and installing applications
• Doing updates yourself is a thing of the past
• The solution is available around the clock

All payment methods from a single source:

With just one contract, you have access to the most important and popular payment methods such as Visa, Mastercard, PostFinance Card, TWINT, Google Pay, WIRpay, AntePay, Apple Pay, Sofort, Bitcoin, PayPal, Swissbilling, ViaCash and many more.

And don’t forget: The contract can easily be created online at home. No paperwork, no hassle. Normally, this often requires multiple contracts with different parties.

From Switzerland, for Switzerland:

Payrexx and MyCOMMERCE (localsearch, Swisscom Directories AG) are both Swiss companies based in Thun and Zurich, respectively. What are their advantages?

• Contacts in Switzerland
• Support for Payrexx and MyCOMMERCE from Switzerland
• Simply pay in Swiss francs

Affordable offer

Payrexx not only offers the largest selection of payment methods (including Twint and PostFinance) and Swiss support, but also consistently offers the most affordable solutions compared to other payment service providers.

Fees and setup costs vary between different payment service providers. Therefore, we’ve created a brief overview. Depending on your monthly sales volume, there may be more or less significant differences in the costs between the different providers (the price comparisons below may vary depending on the package booked and the mix of payment options).

Example: Smaller online shops
The following graph compares the monthly fees for a smaller shop with a monthly turnover of CHF 2,000 and 20 credit card transactions per month.

Example: Medium-sized online shops
The following chart compares the monthly fees for a medium-sized online shop with a monthly turnover of CHF 20,000 and 200 credit card transactions per month.

Conclusion: eCommerce and ePayment – ​​The Road to Success

Swiss online retail is undergoing a transformation. Producers and retailers are seeking new ways to sell their products. Furthermore, consumers have become accustomed to online shopping during the coronavirus pandemic – and want to be able to continue doing so in the future. To maximize this opportunity, an online store with a simple and fast checkout and a wide range of payment options is a key success factor. Customers are more likely to trust the store provider and complete the purchase, and retailers don’t have to deal with debt collection and invoicing thanks to simple online payments.

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