Klarna announces completion of acquisition of BillPay
Stockholm/Berlin, September 13 2017 – Klarna Bank AB (publ) today announces that the acquisition of German online payments company BillPay has been completed. This will strengthen Klarna’s position as one of the leading e-commerce payment providers in Europe and further accelerate its growth in Germany, Austria, Switzerland and The Netherlands.
Sebastian Siemiatkowski, co-founder and CEO of Klarna:
“We are delighted that BillPay will now officially join Klarna Group. Combining our talent and technology will enable Klarna to continue to push the boundaries of innovation and product offering in existing and new markets with increased speed and confidence.”
Marc Berg, Managing Director of Klarna DACH commented: “We are convinced that Klarna and BillPay together will now deliver even more attractive payment solutions to our merchants and customers in the region. We look forward to welcoming the experienced and dynamic BillPay team in Berlin into the Klarna Group.”
BillPay currently partners with more than 5,000 merchants and allows online retailers to offer shoppers the ability to pay for ecommerce purchases via invoice, direct debit and installments. The German payment market is now divided into the payment categories invoice (such as Klarna), direct payments (e.g., Sofort), credit cards and wallets. According to the current ECC-Payment study*, invoice is the most popular payment method for consumers.
About the Klarna Group
Klarna is one of Europe’s largest banks and offers easy payment solutions for 60 million consumers and over 70,000 merchants. The company is now active in 18 markets with over 1600 employees. Klarna was founded in 2005 in Sweden with the idea of simplifying shopping. The core business of the company are pay after delivery, direct debit and installment payments. Today, Klarna is one of the fastest growing companies in Europe.
* ECC-Payment-Studie Vol. 21
Spryker ermöglicht Onlinehändlern Rechnungskauf von BillPay
Berlin, 13. März 2017 – Ku´damm, Kö, Schanzenviertel oder Maxvorstadt – stationäre Händler können durch exklusive oder hippe Lage und einen besonderen Look ihres Ladens Kunden anlocken. Um auch in der virtuellen Shoppingwelt aufzufallen, setzen viele Händler auf ein hohes Maß an Individualisierung ihres Webshops. Doch Kreativität alleine reicht nicht. Die ästhetisch präsentierte Ware muss auch kurzfristig geliefert und sicher bezahlt werden können. Spryker steht als Anbieter vielfach kompatibler Module für agiles Programmieren nach Baukastensystem hoch im Kurs. Good News für alle Onlineshops, die dieses Commerce-Framework nutzen – ab sofort können sie ihren Kunden durch eine integrierte Schnittstelle zum E-Payment Dienstleister BillPay den Kauf auf Rechnung anbieten.
An der digitalen Warenkasse gilt es, in Sekundenschnelle zu punkten. Wer nicht die bevorzugte Zahloption bietet, verliert den Käufer. Nach jüngsten Zahlen des ECC Köln1 belegt der Kauf auf Rechnung mit 40,2 Prozent hierzulande weiterhin Platz 1. Mit BillPay hat Spryker den Marktführer in DACH für die Abwicklung der beliebtesten Online-Zahlungsart als Kooperationspartner gewonnen. Auch für Händler, die ihre Waren zusätzlich nach Österreich, in die Niederlade oder die Schweiz verkaufen möchten, ist das Rechnungskauf-Modul von BillPay ein echter Mehrwert: Sie bekommen Zugang zu neuen Märkten und können insbesondere den auch in der Schweiz sehr etablierten Rechnungskauf anbieten.
Die Zusammenarbeit der beiden für innovative und individuelle Lösungen bekannten Dienstleister kommentiert BillPays Vertriebschef Dr. Maximilian von Elsner „Gerade die Mittelständler unter den Onlineshops profitieren davon, wenn sie für die logistischen Module wie Warenwirtschaftssysteme und den Check-out professionelle Kooperationspartner haben – dann haben sie mehr Freiraum für die Gestaltung besonderer Einkaufserlebnisse.“ Ökonomisch betrachtet hat die Option auf Rechnung zahlen zu können den Umsatz der Handelspartner von BillPay im Schnitt um 30 Prozent erhöht und die Kundenzufriedenheit langfristig gesteigert.
BillPay ist deutscher Marktführer für die Abwicklung der in Deutschland führenden Zahlarten Rechnungskauf, Lastschrift und für Ratenzahlung. Über 5.000 Handelspartner sowie über 12 Millionen Verbraucher vertrauen auf den Berliner Payment-Anbieter. Der Ablauf ist ganz einfach: Kunden müssen nur Namen, Adresse und Geburtsdatum angeben. Das Besondere: BillPay übernimmt das Forderungsausfallrisiko in Echtzeit (im Schnitt unter einer Sekunde) und ist verfügbar für Onlinebuchungen, stationären Handel, Telefonverkauf sowie Mobile Lösungen. BillPay ist durch die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) lizensiert für das Finanztransfergeschäft nach dem Zahlungsdienstaufsichtsgesetz (ZAG). Mit Firmensitz in der Startup-Hauptstadt Berlin und Büros in Zürich und London ist BillPay ein internationales Unternehmen, das seine Leistungen und Produkte mit einem 140-köpfigen Team erfolgreich in Deutschland, Österreich, der Schweiz und den Niederlanden anbietet. Vorbehaltlich der Zustimmung der BaFin wird BillPay demnächst Teil der Klarna Gruppe, die dann Bezahllösungen in 19 Ländern anbietet.
Spryker Systems entwickelt E-Commerce-Software, die auf den Erfolgsprinzipien international führender Online-Händler basiert. Die modulare Shoptechnologie Spryker bietet Unternehmen, die Daten und intelligenten Service als Teil des Produkts verstehen, die Alternative zur kostspieligen und risikobehafteten Eigenentwicklung. Spryker bildet eine neue Software-Generation ab, die agile, hochproduktive Prozesse unterstützt und es erlaubt kundenzentrierte Geschäftsmodelle zu formen, d.h. sie auf Basis von gewonnenen Daten, kontinuierlich weiterzuentwickeln. Das Team von Spryker Systems sitzt in Berlin und Hamburg. Mehr unter https://spryker.com/ und auf Twitter: @sprysys.
Klarna announces acquisition of BillPay
STOCKHOLM/BERLIN, February 6, 2017 - Klarna today announces the acquisition of German online payment company BillPay, strengthening its position as one of the leading payment providers in Europe and accelerating its growth in the region.
BillPay is one of the leading German online payment providers and was founded in 2009. It’s headquartered in Berlin, with over 140 employees, offering its services and products in Germany, Austria, Switzerland and the Netherlands.
Sebastian Siemiatkowski, co-founder and CEO of Klarna, commented:
“We are excited to be working with BillPay and their talented team in Berlin. By combining our skills and expertise, and leveraging BillPay’s deep market knowledge, product features and consumer offering, we are confident that we can offer even more innovative payment services to our customers.”
“Germany is one of the largest e-commerce markets in the world, and we are delighted to have strengthened our position here with this acquisition.”
BillPay CEO, Nelson Holzner, commented:
“We are thrilled to join the Klarna team. Together we will have a market leading position in Germany, Austria and Switzerland, and will be able to offer our merchants and users highly attractive payment options in more international markets in an ever increasing cross-border e-commerce environment.”
The acquisition is subject to approval by the Federal Financial Supervisory Authority in Germany.
Klarna is one of Europe’s leading payments providers, that aims to make the payment process simple, smooth and safe for customers and its merchant partners. The company founded in 2005 was recently named as one of the top disrupter companies in the world by CNBC.
Klarna works together with 65,000 merchants to offer payment solutions to more than 45 million users in Europe and North America. Klarna has 1,500 employees and is active in 18 countries.
BillPay is one of the leading German online payment providers, licensed by BaFin under the Payment Services Supervision Act (ZAG) and was founded in 2009. It’s headquartered in Berlin, with over 140 employees, and has become an international company offering its services and products in Germany, Austria, Switzerland and the Netherlands.
BillPay allows online shops to offer invoice, direct debit and flexible pay later instalment so that customers can easily, safely and conveniently pay with their favorite payment method while shopping online. For merchants BillPay guarantees full payment and accepts the complete risk. More than 5,000 online shops and 12 million customers are using the BillPay services.
Instalment for travels: Amadeus and BillPay enter into a partnership for travel agencies’ stationary distribution As of the first quarter of 2017 customers of travel agencies will be able to easily and simply pay their travel bookings in instalments.
As of the first quarter of 2017 customers of travel agencies will be able to easily and simply pay their travel bookings in instalments – via Amadeus Tour Market: Amadeus Germany and Berlin-based online payment provider BillPay will be incorperating the instalment purchase "PayLater" as a new payment option for selected organisers into their TOMA-mask.
The user-friendly and lean process ist fully integrated into the booking procedure. After entering the usual action "D1" for direct collection, the customer will be able to select "PayLater" as a payment option. The transparent payment model (1 percent per month) and flexible terms (three, six or twelve months) simplify the consultation. During the course of the transaction, BillPay requests name, address, date of birth and bank details. BillPay makes the risk decision in averagely less than a second – at any time of day. The payment can be carried out before or after the commencement of the trip.
"By carrying out instalment payment through 'PayLater', travel agencies are not only expanding their services – they are also given an opportunity for additional sales. According to our analyses 'PayLater' increases the average travel price by more than 20 percent. At the same time we take the complete risk and take care of the receivables management for travel agencies and tour organisers, grant a 100 percent payment guarantee and protection against chargebacks and fraud", says Dr. Maximilian von Elsner, Chief Sales Officer at BillPay. "Already, we are working with more than 5,000 business partners. We are expanding our involvement in the travel industry because, according to a GfK-study, financing of travel represents 7 percent of German consumer credits. One in four German customers expresses interest in travel financing."
"Nowadays, consumers increasingly use the option of simple and convenient payment by instalments for their purchases, e.g. instance furniture and household appliances. One can also observe this demand when it comes to travels. However, so far there has been a lack of comparable financing proposals", says Uta Martens, sales director at Amadeus Germany. "Together with BillPay, Amadeus Germany is now user-friendly integrating instalment into the proven travel agency processes, so that neither travel agencies nor customers become aware of the complexity involved in a credit approval process."
BillPay is licensed from the German Federal Financial Supervisory Authority (BaFin) under the Payment Services Supervision Act (ZAG).
Instalment with „PayLater“ will be available via Amadeus Tour Market as of the beginning of 2017 for the tour organisers JT Touristik, FERIEN Touristik and For You Travel.
Handelsblatt.com about BillPay: Pernicious freedom E-Commerce-companies know that...
E-Commerce-companies know that the number of different payment methods offered is crucial for a business. Handelsblatt.com has asked a number of experts what they believe to be the most important factors for a high conversion rate. Nelson Holzner talks about the most popular payment methods in the B2B area and the advantages of paying in instalments for retail companies to cement customer loyalty.
E-commerce Magazin about BillPay: a genuine alternative?
The magazine interviewed eight players in the field of alternative payment methods as part of series focusing on Payment & Risk Management. In the article entitled "Can alternative payment methods be a genuine alternative?" Nelson Holzner answers questions including "How are they best put to use?" and "Which three do you find most interesting?"
Handelsblatt Orange about BillPay: The banks of tomorrow – BillPay sets out to make online payments safe
Mainstream banks were the central focus of the Handelsblatt’s 20th conference entitled "The Changing Landscape for Banks", which was attended by many new FinTechs. Some of the FinTechs present, such as BillPay, have developed from their initial start-up stage into established and regulated companies. Max von Elsner briefly explains how BillPay works and what’s new about their business model. In summary: "Secure payments, whether via PayPal or BillPay, is an absolute must."
Onlinehandel Special about BillPay: Paying bit by bit
According to the ECC-Payment-Study, the option to pay online in instalments is one of the top 10 most popular payment methods in Germany. How does it work? What opportunities are there for buyers? And what about for sellers? DerHandel compares BillPay with a few other payment service providers.
Marner Zeitung about BillPay: service providers not just online BillPay CEO Nelson Holzner talks to his local north German newspaper about...
BillPay CEO Nelson Holzner talks to his local north German newspaper about setting up BillPay, his idea for offering retailers the same service as online shops, and about his passion for water sports.
FAZ about BillPay: BANKS FRUSTRATED AT THE SIMPLICITY OF OUR PAY IN INSTALMENTS OPTION
Online merchants want to make the purchasing process as simple as possible for their customers and therefore offer a number of different payment methods. The pay in instalments option is becoming increasingly popular and banks are seeing their online credit decreasing. Payment provider BillPay is the market leader in offering instalment payments. BillPay’s CEO, Nelson Holzner, who is also a qualified lawyer, has clearly defined BillPay as a strong competitor of classic credit companies.
Deutsche Startups about BillPay: 15 QUESTIONS FOR Dr. Nelson Holzner, BillPay – “At that time the word Fintech did not even exist and was certainly not sexy”.
Every Friday a founder or an investor from the start-up world is featured in the online magazine. In June BillPay’s CEO, Nelson Holzner, answered 15 questions and talked about a number of interesting points including his unusual move from being an investor to become a founder, the urgent need to invest in education, N26 and perfect Sundays.
Berliner Zeitung about BillPay SET THE ALARM BELLS RINGING WITH 4 iPHONES
“On the Internet everything has to be really fast, otherwise you’ll lose your customers.” The BillPay CEO talks about the company’s business model, Spotify and Berlin’s secret strength.
FinTech: smava, BillPay and FinLeap seek the bankers of tomorrow The FinTech industry is developing rapidly
The FinTech industry is developing rapidly and offers young professionals excellent conditions for a successful start to their careers. FinTech companies smava, BillPay and FinLeap are recruiting talented young blood and have awarded a grant to university students for the purpose.
Students hailing from all disciplines were invited to put their thoughts and ideas on the future of the FinTech industry down on paper. Applicants were free to choose the nature of these submissions – prognoses, market analyses or even their own business ideas. The top three entries showing the most depth yet also written with plenty of verve were awarded prizes of €3000, €2000 or €1000 respectively.
The top three spots went to:
1. Christopher Algier, University of Leipzig: ""Opening the banking strongbox – how open banking is revolutionising the future of the financial industry""
2. Jan-Philip Grabs, Frankfurt School of Finance & Management: ""A cooperative revolution in the financial industry""
3. Sabrina Becirovic, University of Hohenheim: ""The future of FinTech""
The winning essays can be viewed here:
The award ceremony took place on 9th April 2016 as part of the Start-up Camp at the Humboldt University of Berlin.
Three of the leading figures in the industry sat on the judging panel: Alexander Artopé, founder and CEO of smava GmbH, Dr. Nelson Holzner, founder and CEO of BillPay GmbH and Ramin Niroumand, partner of FinLeap GmbH.
Background information on the grant
""The entire FinTech industry is seeing massive growth, so much so that we want to counteract a possible shortage of skilled staff as early as possible,"" explains Alexander Artopé, CEO of smava GmbH. ""It is very important for us to draw attention to the extraordinarily good basic conditions of FinTech companies.""
""At FinLeap, we are looking for employees who can think outside the box so that we can enhance the market with genuine innovation,"" explains Ramin Niroumand. ""This is important so we can offer our clients real added value, one of the core prerequisites for success in the FinTech industry.""
""University graduates often bring with them excellent expert knowledge, not to mention an open mind, which is indispensable for the development of new ideas in a rapidly changing industry,"" remarks Dr. Nelson Holzner, CEO of BillPay GmbH. ""This is why the FinTech grant is the first step in the right direction, namely attracting talented young people boasting plenty of potential to our industry.""
Situation of the FinTech industry
The technology-based financial services industry is developing apace. In 2015, McKinsey management consultants counted around 800 companies in the FinTech industry, while just eight months later this figure had already risen to 2000 companies. Concern that HR departments cannot keep up with the recruitment of suitable employees is accordingly high: according to a survey by innovate finance, around 75% of FinTech companies fear a shortage of skilled staff within the next three years.
About the companies
As a leading online comparison site for personal loans, smava connects private borrowers with a variety of banks and private investors. smava offers consumers credit from €1000 to €125,000. The company drew attention for their loan offering a 0% effective interest (effective interest p.a. €1000, 36 months, 0.0 %. Debit interest. Example according to the Price Indication Ordinance, PAngV) and a payback promise. – Further information at www.smava.de
BillPay is Germany's leading payment provider for protected payment by invoice, direct debit and instalment payment. Over 5000 retailers and over 8 million end customers have placed their trust in the e-payment firm. Based in the start-up capital of Berlin with offices in Zurich and London, BillPay successfully provides services in Germany, Austria, Switzerland and the Netherlands. Since September 2015, BillPay has been licensed by the Federal Financial Supervisory Authority (BaFin) for financial transfer business in accordance with the Payment Services Supervision Law (ZAG). – Further information at www.billpay.de
The Berlin-based firm FinLeap is a company builder that specialises in the financial services industry. Its foremost goal is to help founders build sustainable, customer-oriented and technologically strong companies. To this end, FinLeap invests between €0.5 to €5 million in seed funding and opens up the network to further investors. – Further information at www.finleap.com
Handelsblatt about BillPay: BRAZEN ONLINE FRAUD
Online merchants rarely speak about it so as not to encourage fraudsters, but organised online fraud costs German companies an extortionate amount of money every year. Companies continuously come up with new strategies to counter these online criminals. The Handelsblatt newspaper interviewed BillPay CEO and payments expert Nelson Holzner on the subject of fraud prevention where he talks about the fine balance that online shops have to find to reduce fraud.
Der Tagesspiegel: Shopping? Yes! Paying? Maybe!
Reliable and punctual payments for online shopping sprees are not always guaranteed. Outstanding amounts must be claimed, but it's not always easy. When companies start the collection process they have to find the balance between heavy handedness and encouragement, using a tone that is determined yet friendly. BillPay goes a step further by taking on the default risk on behalf of its online trading partners, managing the risk and collection process.
In the black and robust growth in 2015: Payment provider BillPay among Germany’s 100 fastest-growing companies Payment provider BillPay among Germany's 100 fast growing companies
– 300,000 new customers per month
– In the black for the first time, right on schedule
– 5000 companies use payment services
BillPay, the leading German provider for protected payment by invoice, part payment and direct debit, has once again seen some robust growth over the past year. The Berlin-based FinTech company recorded around eight million customers at the end of the year (2014: 4.7 million). At present, around 300,000 new customers are joining every month, shopping with BillPay at over 5000 trade partners. Trade partners include Eventim, Fahrrad.de, Lacoste, notebooksbilliger and DriveNow. Transactions are carried out via the company on average every 2.5 seconds – that's 57% more than even the previous year. In 2015, around 120 employees from 32 countries generated a turnover that reached the double-digit million range (an increase of 55% compared to 2014) and – right on schedule – the company was in the black for the first time. According to a market survey conducted in 2015, the FinTech company was also ranked among the 100 fastest-growing companies in Germany, ahead of firms such as Zalando, Tom Tailor and Payone. It is Germany's leading online payment provider for payment by invoice, part payment and direct debit.* BillPay was founded in 2009 by Dr. Nelson Holzner and operates in Germany, Austria, Switzerland and the Netherlands.
The business model: Thanks to BillPay, customers are able to buy products at online stores and in the stationary retail sector by invoice, direct debit or in instalments. The procedure is straightforward, as only few details are required from the customer This is particularly important when purchasing via a tablet or smartphone. ""This creates trust in the business and leads to an increased turnover of up to 30%,"" says Dr. Holzner. If desired, customers can visit the ""My BillPay"" portal to manage their orders and defer their payment deadline, or – unlike banks – they can even change their payment terms to an instalment plan. And they can do so around the clock.
Since September 2015, BillPay has been licensed by the Federal Financial Supervisory Authority (BaFin) for financial transfer business in accordance with the Payment Services Supervision Law (ZAG). Risk management is conducted based on algorithms: it only takes three seconds to check the customer's solvency and approve the purchase. ""No bank can do this, just like that,"" states Holzner. ""Our system is a data-based, fully automated proprietary risk management that requires very little consumer data.""
How it works: The customer purchases the product, service or trip online, by app, by phone or at the counter, and the payment goes to BillPay. However, the retailer, service provider or travel agency employee doesn't have to worry about a thing. BillPay undertakes all the receivables for a fee. The trade partner always receives 100% of its money, regardless whether the customer pays or not. The Berlin-based company takes on the complex task of managing risk and receivables. Holzner: ""This includes sending personalised letters to buyers who have gone into arrears, so that the customer relationship remains good despite their reminder notice."" The programming interface API, standard module or payment service provider can be used to integrate this into the retailer's shop and merchandise management system at no great cost.
BillPay wishes to maintain this high growth rate in 2016. To do so, it will be expanding its range of payment in instalments offers, focusing particularly on special offers for holidays abroad. Background: According to a GfK study, 7% of Germans' consumer credit is spent on travel. ""With BillPay, this will be possible quickly and easily, and even around the clock when booking online – unlike customary credit practices,"" pledges Nelson Holzner.
*Focus/Statista: The 500 ""champions of growth"" in 2016. BillPay: ranked 68th out of 500.
From left to right: Jacob von Ingelheim (CRO), Jan Wehrs (CTO), Nelson Holzner (founder & CEO), Maximilian von Elsner (CSO), Sven Brauer (COO) and Patrick Dittmer (CFO)
BillPay: New customer growth
BillPay: New customer growth
The campaign to find new talent: FinTech companies appeal for skilled employees The three FinTech companies smava, BillPay and FinLeap have created a grant to attract young talent to this fast-growing industry.
The three FinTech companies smava, BillPay and FinLeap have created a grant to attract young talent to this fast-growing industry. In doing so, they are addressing an urgent need: the rapid growth of German FinTech companies means that a huge shortage of young talent is highly likely in the next few years.
The industry is forging ahead: in 2014 alone, around $12 billion were invested in the industry – that's a good three times as much as the previous year. In global comparison, the European FinTech market has recorded the strongest growth in investment.
However, this success presents a challenge for recruitment departments: around 75% of FinTech companies are anticipating a staffing issue over the next three years, as vacant positions will become increasingly harder to fill.
With the grant, smava, BillPay and FinLeap are calling on students from all disciplines to submit an essay on the future of technology-based financial industry. What each author writes about is entirely up to them: forecasts, market analyses or business ideas, those who are able to present a vivid, intelligent and profound illustration of their thoughts on the FinTech industry will get the chance to win one of the top three places.
Authors of the winning essays will receive €3000, €2000 or €1000 respectively. The final date of submission is 29th February 2016.
Further information is available at: www.smava.de/fintech-stipendium/
The FinTech grant judging panel includes three of the brightest minds in the industry: Alexander Artopé is the founder and CEO of smava GmbH, Dr. Nelson Holzner is the founder and CEO of BillPay GmbH, and Ramin Niroumand serves as partner at FinLeap GmbH.
New member of VIR sponsors: payment expert BillPay supports interest group Payment expert BillPay supports the interest association
BillPay GmbH is bringing its extensive expertise in online trade and payment methods to the work of the Verband Internet Reisevertrieb e.V. (VIR). The Berlin-based company, which specialises in payment by invoice, direct debit and PayLater payment in instalments, has joined the interest group as a new sustaining member.
For BillPay, membership of the VIR means enjoying an active exchange with the travel industry, as well as the mutual discovery and implementation of new ideas,"" explains Dr. Maximilian von Elsner, Chief Sales Officer at BillPay GmbH, of the company's reasons for joining. ""Our vision is to provide safe and convenient payment methods to the customers of VIR members - anywhere, any time.""
VIR director Michael Buller adds: ""A safe and reliable payment process is absolutely fundamental for online travel bookings, as it establishes customer trust. Thanks to its vast experience, BillPay is another key partner for the VIR with regard to this sensitive yet extremely important topic. At the same time, the company is always on the search for new and innovative solutions. There are plenty of points of common interest and we very much look forward to a constructive and productive collaboration.
BillPay wins second place at the 2015 Digital Banking Awards Handelsblatt honors BillPay with the award for outstanding digital innovations
The Berlin-based financial technology company BillPay was voted one of three finalists at the Digital Banking Awards 2015 in the category ""FinTech"", and went on to scoop second place. The trade journal honoured outstanding digital innovations as part of its annual summit ""Shake-ups in Banking"" . As part of a Pecha Kucha pitch, the three start-up finalists BillPay, WeltSparen and Cash Payment Solutions, previously selected by a jury, were put to a public vote on 2 September 2015. The event is one of the most important sector meetings in the German banking world.
Dr. Christoph Samwer, jury member and co-founder of the Berlin FinTech company Lendico, says: ""The decision to pick BillPay as a finalist in the 2015 Digital Banking Awards was easy: the company is a model example of digital disruption in the industry due to its leading position in the payment market. Part payment is becoming increasingly sought-after and offers retailers all sorts of potential. At the same time, clients want to save as much time as possible when paying and they don't want to enter more details than they have to. BillPay, with its PayLater option, is the perfect solution.
Der Tagesspiegel on BillPay in: “The bigger the choice, the easier to pay” The CEO of the online subsidiary of the CBR Fashion Group has nothing but praise for the electronic payment systems used by its online shop street-one-de
The CEO of the online subsidiary of the CBR Fashion Group has nothing but praise for the electronic payment systems used by its online shop street-one-de: "They work smoothly and are tailored to our circle of customers." One such system hails from payment service provider Billpay. "It lets you shop online and pay by invoice, debit or in instalments. Only very few e-payment service providers offer the latter.
Börsen-Zeitung on BillPay in: “BillPay gets BaFin approval” BillPay has been awarded a license by the German Federal Financial Supervisory Authority (BaFin) to offer money transmission services under the Payment Services Supervision Act (ZAG).
Frankfurt – The Berlin-based payment service provider, BillPay, that belongs to the Wonga Group, has been awarded a license by the German Federal Financial Supervisory Authority (BaFin) to offer money transmission services under the Payment Services Supervision Act (ZAG). This includes payment services “where neither the person paying or the payee need an account held in their name”.
BillPay offers consumers and retailers in Germany, Austria, Switzerland and the Netherlands a variety of payment methods. These include a pay by invoice option, a direct debit option and their PayLater option where the customer is able to pay in instalments. To date BillPay has more than 5 million customers and more than 5000 trading partners including big names such as Esprit, Obi, Lacoste, Eventim and My Fernbus. The company employs over 120 employees.
BillPay was initially affiliated with Rocket Internet and became part of the Wonga Group in 2013. The British group specialises in short-term loans with high interest rates, which, according to an example given on their website, generates almost 300% per annum.
FinTech company BillPay receives BaFin licence
"Young Berlin-based financial enterprise BillPay has been granted a licence from the Federal Financial Supevisory Authority (BaFin) as a provider of protected payment methods in accordance with the Payment Services Supervision Law (ZAG).
BillPay offers consumers and trading companies the opportunity to process payments using methods such as payment by invoice, direct debit and the PayLater part payment plan. The process is quick, easy and secure, with no risk of default. With over 5 million customers and more than 5000 trade partners, the company tops the German market leaderboard in the payment services segment. ""Trust and security is of vital importance for consumers when it comes to payment processes,"" says Dr. Nelson Holzner, CEO and founder of BillPay. ""However, the ZAG licence sends a strong signal to our trade partners, for whom we often process over 50% of their turnover, that we are trustworthy. And that's because we are the first company in our market to succeed in meeting the high requirements of the German Fiancial Supervisory Authority for reliable processes, structures and security mechanisms.""
With the ZAG, German lawmakers have implemented an EU guideline. The law is designed to provide a hitherto fairly unstructured market with uniform codes of conduct and to make funds safer and more bankruptcy-proof, particularly for private customers and retailers, through the use of stringent standards.
Particularly when shopping on the internet, fewer and fewer funds are being paid directly from the client to the retailers due to the risk of default or fraud. Instead, it is service providers that are increasingly assuming the task of credit assessment and payment processing. The retailer can dispatch its goods immediately and receives the money from the service provider. ""Without the security mechanisms checked by the BaFin, there is a risk that both customers and retailers will experience a total loss of their respective funds, even despite the intervention of a service provider. BillPay is a provider of protected payment methods such as payment by invoice, direct debit and payment by instalment, and the ZAG licence means that this kind of total loss is impossible,"" says Holzner.
Payment services are among the business fields in which the digitalisation of the finance industry is racing ahead. Young companies are now successfully offering their products outside the traditional banking landscape. BillPay identified this trend very early on and is now one of very few FinTech companies to be a regulated payment institute itself, thanks to being awarded the ZAG licence.
Published in: FUNDSCENE and United Networker (31.08.2015) "
BillPay joins the Deutsche Börse Venture Network
BillPay is now a member of the Deutsche Börse Venture Network. This stock exchange organisation brings young, fast-growing companies and investors together and consists of a non-public online platform to support the initiation of funding. It also holds various training and networking events. At present, over 27 high-growth companies and 42 investors are actively involved in the network.
More information on the Deutsche Börse Venture Network can be found at:
Online Ret@il on BillPay in: “Buy now, pay later!”
"[…] BillPay takes a different approach to things. Chief Sales Officer Dr. Maximilian von Elsner says it's down to BillPay's "e-commerce DNA": "We come from the sector and are geared towards conversion." With 5 million end customers, they are certainly Germany's market leader here."
Read the full article at www.versandhausberater.de
Stuttgarter Zeitung on BillPay in: “Open to new offers”
"Germany's banks are driving customers away. Younger consumers in particular barely have any trust in the traditional financial insitutes and are turning to alternative providers instead. […] Berlin-based start-up BillPay has also made a name for itself in the online payment segment. The company was founded in 2009 by Nelson Holzner (120 employees) and works with around 4800 partners from the world of trade and mobility. 'We provide each and every retailer with a customised payment system for attractive payment methods such as payment by invoice, part payment and debit payments,' promises Holzner. 'Integrating these into the shop is very straightforward.' […]"
Press release: Long-distance coaches go mainstream Travelling by long-distance coach is now a much more popular option among all age groups across the country. Payment provider BillPay offers flexible debit terms for the company MeinFernbus Flixbus, and provides some figures on the subject.
Travelling by long-distance coach is now a much more popular option among all age groups across the country. Payment provider BillPay offers flexible debit terms for the company MeinFernbus Flixbus, and provides some figures on the subject.
Due to the current strike situation and associated train service cancellations, an increasing number of travellers are choosing to use long-distance coaches. Germany's leading coach provider MeinFernbus Flixbus is reaping the benefits.
Online payment provider BillPay processes debit payments for MeinFernbus Flixbus.
A study by BillPay reveals that the strike not only has positive effects on its turnover, but also demonstrates certain demographic results. Before the strike period, around two thirds of passengers were aged under 30; now, almost half of all passengers are aged over 30. "This clearly shows that travelling by long-distance coach has now found widespread acceptance," believes Jochen Engert, CEO of MeinFernbus Flixbus.
"It is particularly worth noting that bookings in the over-30 age range have almost quadrupled. The oldest passengers were even over 90 years old," adds Dr. Nelson Holzner, CEO of BillPay.
Data from payment provider BillPay also reveal some geographic particulars: most bookings for long-distance coaches come from the federal states of Baden-Württemberg and Bavaria, with cities such as Berlin, Munich, Hamburg and Frankfurt leading the way.
BillPay launches a new website with new service functions Extend move due date now flexible online.
BillPay, one of the leading online payment providers in the German-speaking world, has launched a new and ultra-modern website that boasts a range of new service functions. The new homepage embodies the dynamic, informative, transparent and service-oriented character of this international Berlin-based company.
As of now, customers can view and manage their orders online easily and conveniently thanks to the new client portal My BillPay. On request, customers can extend their payment term flexibly by up to 60 days so that products ordered by invoice need only be paid for up to three months following dispatch. The website is now also available in English and Dutch to serve an increasing number of international clients and retailers.
"Customer satisfaction and a simple, straightforward payment processing system are our priority. With the new client portal "My BillPay", we look forward to providing our millions of clients with many more order-related services, as well as offering them an enhanced customer service," explains Christine Kiefer, CEO of BillPay.
BillPay sponsor and exhibitor at Internet World 2014 BillPay exhibits its payment methods and advises traders how to optimize their check-out for a better conversion rate.
BillPay, one of the leading online payment providers in the German-speaking world, is proud to act as both sponsor and exhibitor at this year's Internet World trade show in Munich. Germany's biggest e-commerce trade show will open its doors for the 18th time at the ICM International Congress Centre on 25th and 26th February 2014. This year's main themes include online payment as well as multi-channel marketing, online marketing and social media.
BillPay will be presenting its payment methods at the show, and providing advice to retailers on how to optimise check-out even further for an improved conversion rate. The new payment method PayLater will be unveiled at the show for the first time; this optimally combines the advantages of the well-established pay by invoice method and the classic pay by instalment method. Visitors can arrange an appointment with the BillPay team in advance or simply drop by at Stand A013 to learn more about BillPay's payment methods.
In addition, Dr. Nelson Holzner, CEO and founder of BillPay, will be holding a talk at 2 pm on 25th February entitled ""Buy now, PayLater"" at Info Arena III.
The trade show organisers are expecting a great turn-out. Around 300 exhibitors will be showcasing their range of goods and services on the expanded exhibition floor, catering to an anticpated 12,000 visitors.
"For the third time in a row, BillPay is exhibiting at the rapidly growing trade show Internet World. Every year, we meet fascinating new business partners and catch up with lots of familiar industry faces. We are delighted to act as both exhibitor and sponsor at Internet World," says Maximilian von Elsner, Chief Sales Officer at BillPay.
Wonga clicks with BillPay
Wonga Group is pleased to announce the acquisition of BillPay GmbH (www.billpay.de), one of the leading online payment and financing platforms in German-speaking countries. The acquisition significantly accelerates Wonga’s development into a broad-based, digital finance group and will also speed the development of its PayLater online retail product, together with the company’s international expansion.
BillPay is a provider of e-commerce payment and financing solutions in Continental Europe, principally in Germany, Europe’s second biggest online retail market. The company also operates in Austria and Switzerland and has recently expanded into the Netherlands. Founded in 2009, BillPay has around two million end-users and works with over 3,500 online shops. The business is a key payments partner with a number of the largest e-commerce merchants in Europe – including CBR Group (CECIL and Street One), Runnerspoint, Fahrrad.de, DriveNow and Home24 – across a broad range of segments from travel and fashion to electronics and furniture. BillPay offers people a fast and secure way to shop online with a range of different payment methods, from invoicing to instalment credit.
The combination of Wonga and BillPay will create one of Europe’s leading digital finance and payment systems businesses, with an immediate presence in seven major European markets. The acquisition follows the launch of Wonga’s consumer loans service in Poland and the purchase of an online, short-term consumer credit business in Spain during the past 12 months. BillPay’s service also complements PayLater, Wonga Group’s own online retail payment service, which launched earlier this year and now provides a unique checkout option, based on simple and low-cost instalment payments.
Nelson Holzner, the founder and CEO of BillPay, together with senior colleagues, will remain within their current roles as part of the enlarged group. Other terms of the transaction are not being disclosed.
Errol Damelin, founder and chief executive of Wonga, said: “The combined Wonga and BillPay business will consolidate our position as a pioneer in the financial revolution, offering customers a range of bold new payment and credit solutions for the modern world. “As well as giving Wonga Group a presence in Europe’s second largest online retail market, this continues our on-going transformation into a fully international, digital finance business with operations across three continents and more than three million customers.”
Nelson Holzner added: “All of us at BillPay are delighted we are joining forces with such a large and innovative group as Wonga. We feel our services and ethos are entirely complementary and we look forward to working with them.”
John Moorwood – +44 7872 198128, email@example.com
Damian Peachey – +44 7880 032779, firstname.lastname@example.org
Or check out www.openwonga.com.
c/o Sebastian Krämer-Bach – +49 6992 18 74 53, email@example.com
Or check out www.billpay.de
Notes to editors
Wonga Group is a ground-breaking digital finance company based in London. Since 2007 when the company launched its first website, wonga.com, it has gone on to make more than seven million loans via the web and mobile. The company’s products are designed to solve customers’ occasional cash flow problems in a short-term and completely responsible way.
Customers can choose how much to borrow (up to £400 for first time applicants) and for how long, up to a month. The average first-time loan is roughly £180 for 17 days with interest working out at 1% per day.
The company uses the world’s first straight-through risk and decision platform. Wonga’s real–time systems allow funds to be made available to consumers within 15 minutes. The majority of first-time loan applicants are declined and customers are not encouraged to extend their loans.
BillPay makes online-shopping safe, easy and convenient for merchants and customers with the secure payment methods of invoicing, instalment credit and direct debit. Based in Berlin, BillPay was founded in 2009 and has since expanded into four countries: Germany, Austria, Switzerland and the Netherlands.
Using the BillPay payment methods is a great way for merchants to increase their conversion rate and offer customers a better shopping experience, benefitting from BillPay’s 100% default protection guarantee.
For customers, the beauty of using BillPay lays in the simplicity of the products. Only a little personal information is needed for real-time decisioning, allowing customers to pay for orders of up to 2,000 Euro. In addition to payment solutions, BillPay offers attractive benefits to customers via the exclusive BillPay VISA Card and the BillPay loyalty program.
PayLater is an innovative online payment option, enabling people to spread the cost of online shopping in a convenient and controlled way. Available on signed-up retailer websites, PayLater allows people to split the cost of their shopping over three months for a one-off, upfront fee. The purchase price is then split equally over three payments from the customers’ debit card – e.g. three payments of £100 on a £300 basket.
The service, which is easily integrated onto the product and payment pages of a retailer’s site, helps increase average basket sizes and drive incremental sales. Powered by the Wonga Group’s award-winning, real-time decision technology platform, people can buy goods up to £1,000. Lending decisions will be almost-instant, thanks to the company’s proven use of automated decision algorithms and purchased data.
Successful cooperation between BillPay and avandeo
BillPay, one of the leading online payment and financing platforms in German-Speaking countries and avandeo, an international furniture brand based in Munich work together for their online payment. As of now online-shoppers are able to buy their furniture and décor conveniently through BillPay instalment credit. The duration of the credit can be chosen between 6, 9, 12, 18 or 24 monthly payments. By adding BillPays instalment plan to its check-out page, avandeo shows the importance of having a mixture of payment methods for virtual shopping.
The instalment credit is a very popular payment solution in Germany. According to a recent ECC study on the online-payment market in Germany, Austria and Switzerland more than 23% of the German online-shopper claimed to have purchased goods already by using instalment credit. Further 18% can imagine to shop by using that method in the future.
‘Offering a further payment solution, gives our customers another option to buy their furniture online. It is a very convenient payment solution and is very much appreciated by online-shoppers. Adding the instalment credit to our payment page means a burst of growth. With BillPay, we are pleased to have won such a strong and relevant payment provider as our partner’, says Burkhard Gersch, one of the CEOs and Founders of avandeo.
’Avandeo is a very popular furniture brand and a great company for BillPay. The online furniture market is constantly growing and creates an exciting section for us. We are happy about the cooperation with avandeo’, explains Dr. Nelson Holzner, CEO and Founder of BillPay.
avandeo is an international furnishing brand based in Munich. We offer a selection of top-quality designer furniture and home accessories at highly competitive prices. How do we do that? Surprisingly simple: by producing only to order and selling direct to customers online, we can cut out the middle-men, rental and warehousing costs. Our own avandeo brand forms the core of our online portfolio, focusing on key pieces such as couches, beds and sofabeds. The selection also includes accent furniture and accessories from partner labels selected for their high quality and design savvy.
avandeo / Designwelt GmbH
Telefon: +49 (0) 89 – 1241 36 558
BillPay participates at K5-Conference 2013
As a member of the K5 league, BillPay will participate at the K5-Conference from 12th to 13th September 2013 at the Eisbach Studios in Munich. Together with the top-class participants of the E-Commerce world, BillPay will discuss the central question of this event on how much the online sector can grow in the future.
According to the recent BVH-study the online market has grown by over 30% during the second quarter in comparison to the same period of the preceding year. Clothing, books, shoes and electronic devices are the most popular goods to be bought by online-shoppers. The constant growth and the increasing interest of online-shoppers, challenge online-merchants, service providers and producers and raise many question about the needs and expectations of the customers.
In its third year the K5-Conference focusses yet once again on strategy and growth topics for the online market. Furthermore, this event shall provide a communication platform to exchange experience and knowledge.
‘We are happy to participate at the K5-Conference this year. This event gives us the opportunity to share our experiences of the on- and offline market. Moreover, we are very excited about the future trends and analyses that will be presented. We are looking forward to hear interesting presentations about the online market’, says Sven Brauer, COO at BillPay.
Cooperation: BillPay and Mauve collaborate
BillPay, one of the leading online payment and financing platforms in German-Speaking countries and the leading pharmacy mailing expert Mauve Mailorder Software establish a cooperation for payment transactions. Due to intergration of BillPays payment solutions, Mauve-merchants can offer their customers invoice, instalment and direcet debit at the check-out page.
The BillPay integration enables a smooth shopping experience in the look and feel of the online-store. Customers stay at the merchants’ shop at all time during the ordering process and are not forwarded to other pages. Therefore the merchant can improve his conversion rate and enhance his turnover. BillPays payment solutions are already used by over 3.500 online-shops.
A successful cooperation between BillPay and Mauve could be demonstrated through the activation of the online pharmacy ‘Advamed’ (www.advamed.de).
‘BillPay enables our merchants to provide a wide range of payment methods to their shoppers. This range allows the customers to decide how they want to pay. Especially invoice payment is very popular in Germany. Online-shoppers appreciate this method because it does not require giving away any sensitive data. The payment takes conveniently place after receiving the goods’, says Christian Mauve, CEO of Mauve Mailorder Software.
‘We look forward to working with Mauve, an e-commerce service provider, which also has many years of experience in this field. Through our cooperation we will be able to reach out to new target groups and improve our portfolio’, explains Dr. Nelson Holzner, CEO and Founder of BillPay.
Mauve Mailorder Software GmbH & Co. KG
Die Mauve Mailorder Software GmbH & Co. KG, 1999 von Christan Mauve gegründet, mit Sitz in Essen und 31 Mitarbeitern, ist laut der Studie „Online Apotheken-Versandhandel 2013“ der Marktführer bei Softwarelösungen für den Apotheken-Versandhandel. Beim M-Aposhop Local und M-Aposhop Enterprise handelt es sich um modulare Cloud-basierte Apotheken-Lösungen zur Abwicklung von Versandhandelsaufträgen mit direkter Anbindung an das von Trusted Shops vorzertifizierte Mauve Webshop System. Die speziell auf die Bedürfnisse von Apothekern zugeschnittenen, intuitiv zu bedienenden eCommerce-Lösungen sind einserseits für einen schnellen und einfachen Einstieg in den regionalen Apothekenversand/Botendienst und andererseits durch den hohen Automatisierungsgrad, die modulare Erweiterbarkeit, die Möglichkeiten des Multi-Channel-Vertriebs und Multi-Channel-Marketings für einen professionell betriebenen bundesweiten Versandhandel konzipiert. Die Mauve eigene Virtual Private Cloud garantiert im Rahmen der Webhosting-Architektur eine hohe Verfügbarkeit und Performance der gehosteten Webshops. Zu den Kunden zählen u.a. n-tv-Testsieger EU Versandapotheke, Bodyguard Apotheke, Ayvita, CuraVendi, Almedica, Delmed, Advamed und die Bahnhof Apotheke Kempten.
Dr. Alfried Große
Mauve Mailorder Software GmbH & Co. KG
Telefon: +49 (0) 201 – 43 79 18 38
BillPay Direct Debit launch in Austria
BillPay, one of the leading online payment and financing platforms for invoice, instalment credit and direct debit in German-Speaking countries expands its product service. As of now online-shoppers in Austria are able to pay by direct debit by conveniently submitting their bank details where after the money is taken off their account. One of the first merchants to have installed BillPays’ direct debit is the apotheke.at, which is one biggest Austrian online pharmacies.
Direct debit is considered to be one of the most popular payment methods in Austria. According to the recent ECC study ‘The online payment market from the customers’ point of view’ over 45% of the participants claimed to have used direct debit to purchase something online. Further 18% can imagine paying by that payment solution in the near future.
As from 1st February 2014 direct debit must be switched to the Single Euro Payment Area method. BillPays direct debit will be shifted to the SEPA solution, so that BillPay merchants will still be able to offer their customers to pay by direct debit.
‘The demand for further online payment solutions on the Austrian market is constantly growing. Merchants see the potential to increase their turnovers by offering their customers a higher selection of payment methods at the checkout. The same applies to SEPA’, explains Maximilian von Elsner, Chief Sales Officer of BillPay.
BillPay for DriveNow – a payment cooperation BillPay, one of the leading online payment and financing platforms for invoice, instalment credit and direct debit in German-Speaking countries and DriveNow, a car sharing joint venture of the BMW group and Sixt AG, cooperate in payment transactions
BillPay, one of the leading online payment and financing platforms for invoice, instalment credit and direct debit in German-Speaking countries and DriveNow, a car sharing joint venture of the BMW group and Sixt AG, cooperate in payment transactions. As off now BillPay will process the direct debit for DriveNow. Both parties benefit from this cooperation: DriveNows customers can use convenient payment method and BillPay winns an innovative client for its payment solutions.
The collaboration enables DriveNow users to pay safely and conveniently. During the registration process, the user saves his/her bank account details. The fee for using DriveNow will then be taken off the account by BillPay. An additional registration with BillPay is not necessary.
‘We have decided to cooperate with BillPay because it is one of the leading online payment providers. BillPay was able to realise our high requirements perfectly. We are looking forward to work with BillPay’, says Andreas Schaaf, CEO of DriveNow.
“We are happy to work with DriveNow and therefore being able to offer our convenient direct debit to customers of Germanys leading car sharing project. For us, this cooperation is the first step into a new market where our payment methods can be used outside of the online world’, states Dr. Nelson Holzner, CEO and Founder of BillPay.
DriveNow ist ein Carsharing – Joint Venture der BMW Group und der Sixt AG. Beide Unternehmen sind zu jeweils 50 Prozent an dem Joint Venture beteiligt. Die BMW Group bringt die Fahrzeuge und die Fahrzeug-Technologien in das gemeinsame Unternehmen ein. Die Sixt AG stellt die Premium-Services, das Vermietungs-Know-how, die IT-Systeme sowie ein flächendeckendes Stationsnetzwerk zur Registrierung der Kunden zur Verfügung. DriveNow bietet in München, Berlin, Düsseldorf, Köln und San Francisco ein modernes Mobilitätskonzept an. Wesentliches Merkmal von DriveNow in Deutschland ist ein stationsunabhängiges Anmieten und Abstellen der Fahrzeuge.
DriveNow nutzt ausschließlich hochwertige Premiumfahrzeuge der Marken MINI und BMW (1er, X1, ActiveE). Alle Autos verfügen über mindestens vier Sitze, einer komplette Komfortausstattung (z.B. Einparkhilfe, Klimaautomatik, Sitzheizung etc.) und höchst effiziente Motoren. Die Fahrzeuge sind mit dem DriveNow-Logo gekennzeichnet und so gut erkennbar. Abhängig von der Nachfrage können später auch andere Modelle flexibel in die Carsharing-Flotte aufgenommen werden. Bei DriveNow kommen zudem 60 Elektrofahrzeuge vom Typ BMW ActiveE zum Einsatz.
BillPay expands in Switzerland
BillPay, one of the leading online payment and financing platforms in German-Speaking countries expands in Switzerland and opens an office in Zurich, which is managed by Antonio Martello, the Country Manager Switzerland. In addition BillPay expands its products in Switzerland too. As off now Swiss merchants can offer their customers BillPays instalment credit.
Online-shoppers are able to fulfil their small and big wishes with BillPays instalment credit. This payment method offers customers a practical way to pay for their goods in flexible monthly rates.
Merchants benefit from BillPays services as usual when integrating BillPays instalment as BillPay takes care of the risk control, debt claim and the entire dunning process and provides the merchant with a 100% payout.
“We have experienced a huge demand for online financing. Therefore we reacted on the wishes of our customers and have optimised our instalment solution. The new optimised instalment will help Swiss merchants to increase their turnovers’, says Antonio Martello.
BillPay exhibits at Swiss Online Marketing fair in Zurich
BillPay exhibits at the Swiss Online Marketing (SOM) fair in Zurich where the German based company will present its online payment solutions for the Swiss market. The exhibition takes place from 10th to 11th April 2013 and provides the latest trends and analysis for the e-commerce market.
According to newest ECC study ‘Online payment from the customers point of view in Germany, Austria and Switzerland’ 86% of the Swiss online-shopper claimed to have used invoice as a payment method during online shopping. Therefore invoice is the most popular payment method amongst the Swiss online customers.
BillPay is one of the leading online payment and financing platforms for invoice, instalment credit and direct debit in German-Speaking countries. These and further products are going to be presented at the SOM. ‘The Swiss Online Marketing exhibition is a good meeting point to get in touch with Swiss merchants and inform them about success generating payment solutions for their online shops’ says Dr. Nelson Holzner, CEO and Founder of BillPay. ‘The Swiss e-commerce market is very exciting for us, because it has a lot of growing potential’, Dr. Holzner continues.
BillPay instalment as of now in Austria
BillPay, one of the leading online payment and financing platforms for invoice, instalment credit and direct debit in German-Speaking countries expands its products. As of now customers in Austria are able to pay via Billpys online instalment credit. Not only does this payment method enable customers to put more goods into the shopping card, but it also allows a flexible monthly payment. Customers can afford their dream goods more easily.
As usual BillPay-merchants benefit from BillPays service which includes the risk control, debt claim and the entire dunning process. Furthermore, BillPay provides the merchant with a 100% payout – even if the customer does not pay.
‘The e-commerce market in Austria is very interesting. Over 64% of the Austrian participants of the AIM Consumer survey say that they already have shopped online more than once. Online-shop holders see the growing potential of the online market and want to provide their customers with a better service by offering more payment methods at the check-out. Therefore the instalment credit is an optimal addition to the payment page – especially for the higher price goods’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
The Austrian payment service provider mPAY24 supports BillPay with the contribution of its payment solutions in Austria and Germany. ‘BillPay is not only a trustworthy and good Partner for us, but has also extremely valuable products for both online merchants and shoppers. Especially the instalment credit is very good payment method’, says Erich Gassner, Head of Business Development of mPAY24.
BillPay as of now at Shopware The Westphalian online-shop system producer Shopware and the online payment provider cooperate.
The Westphalian online-shop system producer Shopware and the online payment provider cooperate. As off now online merchants can download the BillPay payment methods into their Shopware shop system. This allows the merchants to expand their payment page with BillPays invoice and direct debit.
Shopeware is considered to be a very advanced shop system and has recently launched the new version Shopware 4. Here the front- and backend were edited technically and graphically. Additionally the administration panel is also avaialbe in English.
‘We strongly benefit from our cooperation with BillPay. Our Software becomes more interesting and our clients can work with a very efficient payment provider. That makes us happy and we are looking forward to a successful cooperation’, says Stefan Heyne, managing director of Shopware.
BillPay is one of the leading payment providers for online payment solutions for online shops in Germany, Austria and Switzerland. Online merchants can easily intergrate BillPays invoice, instalment and direct debit into their shop. BillPay takes care of the risk control, dunning process and provides the merchant with a 100% payout.
‘With this new cooperation we are able to win new target groups and therefore strengthen our position on the German-speaking market.’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
About shopware AG:
Die shopware AG ist ein deutscher Softwarehersteller für Online-Shopsysteme. Gegründet im Jahr 2000, konzentriert sich das Unternehmen mit seinen 40 Mitarbeitern derzeit auf sein aktuelles Kernprodukt Shopware 4, eine neuartige und führende Shopsoftware für Unternehmen und Online Shops jeglicher Größe. Mit aktuell mehr als 8000 Kunden und über 300 Vertriebspartnern ist die shopware AG einer der erfolgreichsten Hersteller von Shopsoftware und überzeugt durch ein mehrfach prämiertes Produkt, umfassenden Service, maßgeschneiderte Shop-Lösungen und Nähe zum Kunden. Als Aktiengesellschaft ist das Unternehmen zu 100 Prozent inhabergeführt, unabhängig, eigenkapitalfinanziert und gewährleistet somit ein hohes Maß an Flexibilität.
Sport cooperation: BillPay as off now at RUNNERS POINT
RUNNERS POINT, the expert for running shoes cloths and equipment expands its online payment page by BillPays invoice, instalment credit and direct debit. As off now online-shoppers are able to pay their ordered goods conveniently and easily by BillPays payment methods. BillPay is one of the leading online payment providers for online shops in Germany, Austria and Switzerland.
‘To being able to offer our customers a convenient and smooth payment process, we need a strong partner who is able to deliver that. This is why we have decided to work with BillPay. BillPay offers three very important payment solutions, which enrich our service. We are looking forward to work with BillPay!’, says Sebastian Labud, CEO Tredex (subsidiary company RUNNERS POINT).
‘With RUNNERS POINT we could win a very interesting online-shop for BillPay. The intregration of our products at RUNNERS POINT shows once again the impotency of our payment solutions. We look forward to this sporty cooperation.’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
Free BillPay App now available on the AppStore pixi
The mail order software pixi *, the Munich mad geniuses GmbH, and the online payment service provider BillPay present a common app. As of now, online shop owners, with the mail order software pixi* can offer their customers Purchase by Invoice, Purchase by Direct Debit and Purchase by Paylater (Installment). This is made possible by the new pixi * BillPay App via an interface to the payment platform BillPay.
And that is how the BillPay App works: online shop operators, who already have the enterprise resource planning system pixi*, can activate the payment application via the pixi* AppStore and easily embed BillPay’s payment methods within their online shops. BillPay assumes the entire payment process – from the risk scoring, over the receivables management to communicate with to the end customer. In this case, the merchant receives a 100% payment guarantee and is thus secured against payment defaults.
Dirk Haschke, managing director of mad geniuses GmbH explains: “We want to offer our merchants at any time the best service. With the new BillPay App Store, we enable operators to use BillPay’s payment methods and thus provide online customers with an attractive payment mix.”
“We are pleased to cooperation with the mad geniuses GmbH. By linking our payment methods with pixi merchants save time and thus can better focus on their core business,” says Dr. Nelson Holzner, CEO and founder of BillPay.
About mad geniuses and pixi*:
The mad geniuses GmbH is an international software company headquartered in Munich, which has specialized in the development of software for the Internet-based mail order business. mad geniuses is a Preferred Business Partner and winner of the Innovation Award 2012 of the Federal Association of German Mail Order Traders (bvh ) and is one of the leading manufacturers of mail order software in e-commerce . With the mail order software pixi * mad geniuses developed a complete e-commerce back-end system that fully takes into account the specific industry requirements in online trading, in so doing covering the product management and all key business processes . The innovative software enables, via its open architecture and high interface compatibility, a seamless integration into other environments. pixi * largely automated all standardized business processes and helps using intelligent commissioning procedures to optimize the transit times in the warehouse to reduce inventory levels and maximize storage capacity. Among pixi * customers are asmc.de, calida -shop.de, design3000.de, suitcase -direkt.de, arktis.de, and many more.
Kontakt mad geniuses:
mad geniuses GmbH
Telefon: +49 (0)89 96 16 06 181
BillPay cooperates with mPAY24
BillPay, one of the leading online payment and financing platforms in German-Speaking countries cooperates with the Austrian payment service provider mPAY24. As off now BillPays invoice, instalment and direct debit are available through mPAY24 for Germany. Very soon instalment payment will be launched for Austria and Switzerland. This new cooperation enables both BillPay and mPAY24 to intensify their business activities in the German-Speaking countries.
‘The invoice payment solution is becoming more popular with the online customers. This allows the customer to firstly get the ordered goods and pay them afterwards. With the different types of payment solutions from BillPay we are able to offer our customers a good mix at the check-out, which leads to higher sales’, says Erich Gassner, Head of Business Development of mPAY24.
‘mPAY24 is a good and trustworthy partner for us and our products. Due to our cooperation we can promote our popular payment methods in Germany, Ausria and Switzerland. Furthermore this allows us to grow our customer base’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
Die mPAY24 GmbH ist der österreichische Spezialist für Unternehmenslösungen im Bereich Online-Zahlungsabwicklung. Als Payment Service Provider (PSP) ist mPAY24 mit professionellen IT-Dienstleistungen im elektronischen Zahlungsverkehr des E- und M-Commerce positioniert und hat sich als einer der führenden österreichischen Anbieter in diesem Segment etabliert. Die mPAY24 Zahlungsplattform für E- und M-Commerce optimiert den Zugang zu einer Vielzahl an Zahlungssystemen und Bezahlverfahren im Hinblick auf Sicherheit, Verfügbarkeit und Wirtschaftlichkeit. Das Unternehmen mit Sitz in Wien ist auch in den Nachbarländern aktiv. Mehr Information im Web unter: www.mPAY24.com
Rückfragehinweis: mPAY24 GmbH, Annagasse 5, 1010 Wien
Tel.: +43 1 513 66 33- 600 E-Mail: info@mPAY24.com
BillPay strengthens its management team
With the 1st of August, the payment provider BillPay reinforces its management team in three key positions. In addition to the founder and CEO, Dr. Nelson Holzner, the IT, processes and products will in the future be led by Christine Kiefer. Ms. Christine Kiefer brings along great experience with products from the financial sector due to her long career at Goldman Sachs in London. “I look forward to the new challenge in an extremely dynamic company,” said Christine Kiefer.
Also to the 1st of August Thomas Wernet as the new Head of Sales takes over the responsibility for sales and partner management at BillPay. Thomas Wernet was previously for several years in a managerial position in sales for the leading mobile phone provider, Telefonica Germany. „BillPay offers a compelling value proposition for online shops as well as for customers. I look forward to further advance the impressive growth with this powerful team,” said Thomas Wernet.
Alexandra Link, as Senior Partner Manager, is from now on responsible for partnerships with shop systems, enterprise resource planning systems, payment service providers and agencies. Previously, she was successfully active at the VZ-Group for many years.
“With our new first-class team members, we consistently continue on our growth path and are confident that our team, our products and services related to payment services for online shops advance even faster with this reinforcement,” says Dr. Nelson Holzner, CEO and founder of BillPay.
BillPay enhances growth with new capital
BillPay, one of the leading online payment and financing platforms in German-Speaking countries receives new capital to accelerate its growth. As part of the funding round the previous investors Rocket Internet, Holtzbrinck Ventures and Reinhold Zimmermann were involved. The international investor Kinnevik has newly joined the round.
‘We are happy to expand our investor circle with Kinnevik. We will use the new, significant means to accelerate our growth and enlarge our strong team. Furthermore, we are going to put our strategy into practice to create a helpful and meaningful service to millions of customers, thousands of merchants and partners that are beyond our payment solutions’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
BillPay has just recently expanded its products by a loyalty program which consists of a credit card and a shopping portal. The BillPay VISA Card enables customers to get great deals and a lot of discounts by collecting BillPay credits. Not too long ago the Berlin based company announced a major growth in employees and moved to a new big office in Berlin Mitte.
BillPay launches credit card and loyalty program
The online payment expert BillPay expands its products and launches a credit card for its customers. With the BillPay VISA Card customers have access to exclusive deals and a wide range of discounts. The credit card is a cooperation product of the Hanseatic Bank and VISA. Taking this step, BillPay follows its strategy to become a company that offer its millions of customers, merchants and partners services beyond online payment. Customers are able to pay with the BillPay credit card worldwide and are therefore able to use BillPay offline.
A further innovation to customers is the link of the BillPay VISA Card with the loyalty program called BillPay Shopping Portal. The speciality about the BillPay VISA Card is that customers collect BillPay Credits with every purchase. These BillPay Credits can then be redeemed into a wide range of discounts and special deals on the BillPay Shopping Portal. Furthermore, the BillPay VISA card enables the consumer to pay off his/her bills with a monthly instalment plan.
As a leading company it is important to us to broaden our products so we can offer more services to our customer base, merchants and partners. Both the BillPay VISA Card and loyalty program are ideal for online-shoppers and enables our partners an exclusive access to millions of customers that already paid with BillPay’, explains Dr. Nelson Holzner, CEO and Founder of BillPay.
Johannes Neander, Head of Marketing and Cooperation of Hanseatic Bank is convinced of a long-lasting cooperation with BillPay. ‘We are happy that we can offer our know-how and services as a bank to BillPay and we strongly believe in the success of the BillPay VISA Card’, says Neander.
BillPay exhibits at Meet Magento #6.12
The leading Magento E-Commerce conference ‘Meet Magento’ takes place for the sixth time and BillPay will exhibit at this event. The conference will cover the current e-commerce trends, the latest business models and technical development for the shop software Magento.
The online business in Germany has experienced a massive growth. In the first quarter of 2012 the turn-over rose by 19%. Experts predict an overall sales volume of 36.5 Billion Euro for this year. This promising prediction means that online merchants, developer and service provider must adjust their online shops according to the trends. BillPay optimises and builds its products to help merchants and customers cope with the constant e-commerce growth.
‘Meet Magento gives a good opportunity to catch up with the latest e-commerce status but also allows you an overview for the future trends. Magento has been a competent partner for BillPay for many years. Therefore we will see some of our existing partners and will have the chance to meet new ones during the two-day long conference’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
BillPay will be on the top floor at stand 19.
BillPay on expansion path with a new office and more employees
Billpay, the payment expert for successful online commerce, expands further and moves in to new offices in Zinnowitzerstrasse in Berlin-Mitte. ‘The fact that our customer base and our team are constantly growing requires a decent office. The new and generous office space in the middle of Berlin offers the best conditions to grow even faster’, explains Dr. Nelson Holzner CEO and Founder of Billpay.
With the moving to the new office Billpay triples its office space and continues its tremendous growth. Both the central location and high quality of equipment of the building were significant arguments for choosing the business space.
As a leading company for the popular payment methods for invoice, instalment and direct debit Billpay continuingly expands its products and services for online customers and merchants. Therefore they young company is always looking for new talent. ‘To be able to keep on growing we always look for new talented people who will help our team to develop new products and take part of Billpays success story’, says Dr. Nelson Holzner.
BillPay partners with EHI
The payment service provider BillPay has entered into a cooperation with the scientific institute of trade EHI. As part of this partnership, BillPay strengthens its position as a market leader for Purchase by Invoice, online Purchase by Direct Debit and Purchase by Paylater (Installment) within the e-commerce market.
The EHI verifies online shops with regard to their security in the transmission of payment methods, as well as all the information that the shop notifies its customers of. If successful, the tested online shop receives the cachet “EHI Certified online shop”. The 550 members of the EHI include international retail companies and their industry associations, manufacturers of consumption and investment goods, and various service providers. Furthermore, in the EHI Retail Institute eV research on important issues for the future of retailing is conducted with focus on the German-speaking market, which thus is considered an important point of reference for online trading.
“The collaboration with the renowned Institute EHI is a good confidence-building measure that provides customers with more security when shopping online. Both the EHI cachet and the BillPay’s secure payment methods create trust with customers and lead to higher customer satisfaction,” says Dr. Nelson Holzner, founder and CEO of BillPay.”In the future, we will continuously develop our payment methods further to provide our partners’ customers with a simple and convenient payment experience.”
BillPay exhibits at ‘Online Handel’ congress in Bonn
New year – new trends, therefore the online payment provider BillPay will exhibit on the 8th annual ‘Online Handel’ congress on 18.01.– 19.01.2012 in Bonn. The congress fair that is organised by the Handelsverband Deutschland (German retail institute) and the Management Forum, a number of national and international experts will discuss the latest trends and development of the online commerce.
The internationalisation of German e-commerce companies builds one of the main topics of the event in Bonn. In times when the growth has reached its local limits, companies are looking for new growing potential. One strategy therefore is the expansion in further countries, which BillPay has done in 2011. In that year BillPay has widened its markets and has started operating in Switzerland and Austria – further expansions on the European markets are planned for 2012.
‘The Online Handel congress is a great way to explore the future e-commerce trends and to meet up with partners. Furthermore, we hope to create new business contacts’, says Dr. Nelson Holzner, CEO and Founder of BillPay.
Installment Purchase via BillPay: Now financing without interest
Just in time for the Christmas sale Online-Merchants can offer their customers for the first time a 0% financing, thus increasing their earnings tremendously. BillPay as a leading firm within e-commerce with its secure payment methods offers besides classical financing, Installment Purchase without interest. From now on costumers are able to comfortably payoff their expensive favorite piece via interest free installments. The costumer may choose between a six and 12 month term of payment. Shortly after the purchase by the costumer the merchant receives the total payment amount to very attractive conditions.
“We consistently invest in the innovation of our payment methods with the goal to offer our merchants and the costumers the best possible payment methods,” Dr. Nelson Holzner, founder and CEO at BillPay. “We are happy to offer now also the beloved 0% financing to our merchants within the e-commerce. Accordingly, our partners can be on the same level with their stationary trade as they are already with their Online-Shops, especially since the interest free financing is the most successful one.”
Secure Payment: BillPay cooperates with Trusted Shops
BillPay, as the leading platform for processing secure online payment, cooperates with the number one firm for certifying Online-Shops, Trusted Shops. With regard to this, BillPay has adapted their processes for Payment by Invoice and Payment by Direct Debit to the quality requirements of Trusted Shops.
“The combination of Trusted Shops und BillPay is ideal for our online merchants. On the one hand the cachet of Trusted Shops spreads confidence towards the costumers. On the other hand, BillPay’s secure payment methods increase the likelihood of consumption since the costumers merely have to pay after having received their goods”, Dr. Nelson Holzner, founder and CEO of BillPay.
“We are happy to recommend BillPay as a Trusted Shops authorized partner. Our objective is to provide consumers with safe Internet shopping. That is why the trustworthiness of e-commerce service providers lays at our heart. The payment methods of BillPay protect consumers and are risk-free from the point of view of the merchants,” said Thomas Karst, CEO of Trusted Shops.
BillPay expands to Austria
BillPay, as the leading platform for processing secure online payment in Germany, is expanding its payment platform. From now on, secure Purchase by Invoice is also offered in Austria. With BillPay online merchants can offer their Austrian customers Purchase by Invoice. The risk checks in real time, the claim management and the dunning process are completely taken over by BillPay. Thanks to BillPay’s guarantee of payment, merchants do not assume any risk.
“With the expansion into the Austrian market, we can now serve online merchants from the entire German-speaking economy area. The Austria expansion shows that BillPay is keeping up with its high growth rate. We are the first company that offers secure Purchase by Invoice throughout Germany, Austria and Switzerland,” says Dr. Nelson Holzner, founder and CEO of BillPay.
“The Austrian e- commerce market is very interesting for us. According to a recent study by the Consumer AIM, more than half of the Austrian population, in 2010, has shopped online. Of these buyers 64% of respondents have indicated that they have paid after delivery,” said Dr. Nelson Holzner.
The integration of BillPay works with the help of free plug-ins for popular shop systems – such as Magento, xt: Commerce, osCommerce or Gambio – quickly and easily. To integrate your own shop systems is an interface.
BillPay and eKomi on success path
eKomi sees itself as a partner of individual providers and is always eager to form new collaborations with various Internet stakeholders in order to ensure its partners reliability and economic success. According to latest research results the selection of payment options is a crucial point for animating online purchase. For this reason, eKomi and BillPay formed a strategic partnership. BillPay, as a provider of various payment options, should help shop owners in this regard and at the same time eKomi certifies the provider through the experiences of existing customers.
In addition to the Germany wide favored Purchase by Invoice, BillPay also offers its users Direct Debit and Purchase by Installment. The security needs of many people when shopping on the Internet is met not only by the utilization of an independent evaluation system, but also by a trusted choice of payment options. Solely by offering Purchase by Invoice BillPay allows online shops to increase their sales by up to 30 % and to significantly higher their conversion rate by 81 % less abandoned sales. Similar success is also promised through Direct Debit and Purchase by Installment, which additionally allows for an increase in the shopping card value.
The company, founded in 2009, is so far the only one of its kind that handles both the dunning process as well as the risk and receivables management for its customers. In collaboration with partners such as Coface and SCHUFA BillPay guarantees a completely risk-free payment and a definitive payment. BillPay is through its range of payment methods and its other service benefits a useful counterpart for each online shop and moreover helps to increase the shop’s quality.
eKomi’s interest in a holistic optimization of each individual online shop has in the past led to new collaborations and now covers with BillPay another area crucial to success . eKomi’s corporate philosophy is strictly geared to satisfy the end customer, so that continuous change of the supply is necessary, in order to meet the their changing needs.
Founded in 2008, the Berlin-based company eKomi is regarded as one of Europe’s leading suppliers in the field of online rating systems. eKomi is always on the pulse of time and offers its partners at an early stage new possibilities and potential to optimize their business model. This includes features such as the integration of ratings into AdWords, Google Shopping, Facebook or Google +, etc.
MAC IT-Solutions integrates new payment interface: Purchase by Invoice, by Direct Debit and online Installment Purchase via BillPay
The Multi-Channel-Software provider MAC IT-Solutions and the payment service provider BillPay have formed a cooperation. As of now, the DiVA Shipping Solution from MAC provides an interface to the payment expert BillPay for handling the following payment methods:
– Purchase by Invoice
– Purchase by Direct Debit
– Online Installment Purchase
BillPay takes care of the entire payment process – beginning with the risk scoring, over the receivable management and debt collection, till communication with the customers. And the best is: Whatever the case may be, the merchant receives the entire invoice amount. Thus, the risk of payment default is excluded on the part of online merchants.
BillPay’s payment methods conform with the most commonly used payment methods on the Internet. According to the recent study IZV10 from the E-Commerce-Center Handel, these include Purchase by Invoice as well as Purchase by Direct Debit. Finally, in periods of declining net income, the possibility of funding online purchases over several installments plays an increasingly important role in the purchase decision process.
How important the optimal payment method in the internet is, shows the percentage of customers who cancel an order process due to not being offered their desired payment method. This is at least 37.5 percent of respondents, who are then willing to buy the corresponding product stationary or at another online merchant.
The MAC client and food online trader Gourmondo.de is already using BillPay. “With the introduction of Purchase by Invoice we have complied with the wishes of our customers and are pleased to have found in BillPay a reliable expert in this field. Especially in the business world, the demand for Purchase by Invoice increasers for Christmas, when gifts for employees, customers and business partners are ordered, “says Dr. Heiko Färber, CFO of Gourmondo.
About MAC IT-Solutions
MAC IT Solutions is the solution provider for multi-channel software with over 100 shipping, online and multi-channel merchants employed in Europe. The aim of the MAC is to provide merchants with an IT platform that handles all business processes more efficient and allows for cross-channel marketing strategy.
The basis of the modular IT platform are the market-leading ERP systems Mail Plus and DiVA. The product portfolio is rounded off by the integrated POS solution POSeidon and the integrated web shop SHOPin. Among the well-known references are Walz, hess natur, jpc , Orion, Karstadt.de , dress- for-less , Elegance and many more.
MAC is a Microsoft Gold ERP-competency partner, IBM advanced business partner and preferred business partner in the bvh.
Mountain cave-aged cheese on Invoice, please!
The leading online food delivery service Gourmondo.de introduces the popular payment option “Purchase by Invoice”. Gourmondo relies on the online payment provider BillPay as processing partner. The entire payment process – risk assessment, debt management, debt collection and customer care – is outsourced to BillPay.
“With the introduction of the payment method “Purchase by Invoice” we have fulfilled the wishes of our customers and are pleased to have found, in BillPay, a reliable expert in this area. Especially in the business world, the demand for Purchase by Invoice increases with the upcoming Christmas sales, when gifts for employees, customers and business partners are purchased,” says Dr. Heiko Färber, finance director of Gourmondo.
“We are observing the online grocery delivery segment since quite some time now. We see remarkable growth potential and we are confident that we have found the right partner, with Gourmondo, to establish our payment methods within this area,” says Nelson Holzner, founder and CEO of BillPay .
Gourmondo.de is the leading German online retailer for delicacies, wine and fresh products from around the world. Founded in 2002, the online shop offers over 6,500 items, including 500 organic- and 500 fresh products ranging from American beef to Tyrolean mountain cave-aged cheese. Orders coming in till 4pm will reliably be cooled and packaged securely to be shipped to the customer on the next day. All shipments are sent without charge, CO2 neutral with DHL GoGreen. Gourmondo.de is certified as organic according to EU organic regulation and official sponsor of Slow Food Germany.
BillPay – the payment platform for international trade in e-commerce, for B2C and B2B
BillPay internationalized its electronic payment platform for the payment methods Invoice, Direct Debit and Installment. Already in 2011, BillPay will offer its services throughout the entire D-A- CH region (G-AT-Ch). In addition to the international growth, BillPay has also invested into the expansion of its payment options. Accordingly e-commerce merchants will be able to use BillPay for B2B payments.
“We are experiencing strong demand for our secure payment methods, which is why we confidently take on the international market. The markets in neighboring countries, Switzerland and Austria, are not only interesting for us, but also for our various partners. According to the e-commerce Report 2010 from the University of Northwestern Switzerland, the average sales growth of Swiss e-commerce companies stood at 14%, which is well above the growth in consumer spending.
Moreover, Austria, with its 80% internet penetration, is one of the most online affined markets worldwide. Six out of ten Austrians have already ordered online, which is about 300,000 more people than a year ago, as a survey of the Market- and Opinion Research Institute INTEGRAL revealed.
Furthermore, we see additional growth potential in the B2B market. According to a survey by the Federal Ministry of Economics and Technology, the market potential in B2B e-commerce reaches more than 600 billion euros. Simultaneously merely a few market participants offer Purchase via Invoice as a payment method at their e-commerce platform. BillPay is the first on the market to offer 100 % secure Purchase via Invoice for business customers.” Says Thies Rixen, Director of BillPay GmbH.
BillPay on expansion course
The growth of the Billpay GmbH has continued unabated in 2011. Alone in the last six months more than 1,000 online shops decided to work with Billpay. The broad technological basis of Billpay strongly supports this growth. In over 20 shop systems Billpay’s payment methods are natively supported. Among these shop systems are Magento, OXID, xt:Commerce, VEYTON, Shopware, JTL or Gambio to be found. In addition, strategic partnerships with payment service providers, such as Computop, Saferpay and Ogone enable the further expansion of our shop basis.
“With our payment portfolio – Invoice, Direct Debit and Installment – we hit the target of time. The E-Payment-Barometer December 2010 of the ibi Research Group highlights our positive outlook, because more than 22% of online shops, which generate an annual turnover of approx. 500,000 euros, plan to introduce Purchase by Invoice. More than 14% of these online shops are planning to introduce Direct Debit. Due to the declining net income, Purchase by Installment is highly demanded.” said Nelson Holzner, founder and CEO of Billpay. Later this year, Billpay also plans to expand into other European countries.
“We are constantly looking for new talent to support and accompany us on our success path,” added Thies Rixen, managing director of Billpay. “Alone in the first Quarter of 2011, we expanded our team by more than 50% and are still looking for new colleagues in the departments’ client service, IT and controlling. Job descriptions can be found at our job portal under www.billpay.de/jobs.
Exclusive partnership between JTL and BillPay for Purchase by Invoice, Purchase by Direct Debit and online Installment Purchase
The shop system and ERP software provider JTL and the payment provider BillPay decided to form an exclusive partnership.
“We are pleased to offer our customers the most popular payment methods Purchase by Invoice, Purchase by Direct Debit and online Installment Purchase. Due to the unique range of payment options, BillPay convinced us as a provider. Purchase by Invoice is Germany’s most popular payment method in Internet commerce. In addition, BillPay offers merchants Purchase by Direct Debit – also without any risk of default for the merchant. Finally, we can offer our customers Purchase by Installment without Post-identification through BillPay. This package clearly increases the value for our customer’s online shops,” said Thomas Lisson of the JTL- Software GmbH.
As of now, JTL offers its customers these payment methods with the new JTL -Shop3 and will have the required interfaces developed with BillPay within a few weeks.
“Through the cooperation with JTL we can now offer even more online merchants and end customers our payment methods. The JTL plug-in is available for free. Thus, an online merchant with only one interface receives three attractive payment methods and can increase its sales significantly,” adds Dr. Nelson Holzner, founder and CEO of BillPay.
The main business activities of JTL lay in the areas of enterprise resource planning, online shop systems, auction management, multi-channel operating software and POS checkout. Besides JTL-Wawi, a free multi-shop- and mandate-capable enterprise resource planning system with connections to various shop systems and online market places, JTL has its own online shop system on the pulse of time, JTL -Shop3.
Closeup.de cooperates with BillPay
The online shop for posters and all kinds of merchandise around film, music, personality and fun expands its payment methods with Purchase by Invoice. Therefore, customers, who order a product at www.closeup.de, can comfortably pay by invoice after receiving their good.
“Our customers want to hold their Christmas shopping as quickly as possible in their hands. Thanks to BillPay’s payment methods we can now ship the goods immediately. At the same time, due to Purchase by Invoice we can convince our customers from the quality of our products before they even have to pay for them. This allows us to clearly stand out against our competitors. “ Says Jörn Salini, Managing Director of Close Up GmbH.
“We are very pleased to welcome Close Up as our new customer right in time for Christmas. This collaboration shows the popularity of our payment methods across all sectors, “says Thies Rixen, Managing Director of BillPay GmbH
More sales and profits in online trade due to Purchase by Installment without Post-identification
For the first time online merchants in Germany can offer their customers the popular Purchase by Installment without complicated media discontinuity and without default risk.
In periods of declining net income, the possibility of funding online purchases over several installments plays an increasingly important role in the purchase decision process. This is especially true for higher-priced goods such as entertainment electronics, furniture and furnishings, sports equipment and fashion. Even with smaller shopping carts, there is often the wish for attractive financing. With BillPay’s online Purchase by Installment and the Bankverein Werther AG online merchants can meet their customer needs.
„The peculiarity of our online Purchase by Installment lays in the fact that for the first time in German online trade financing with Purchase by Installment along with the acquisition is handled quickly and easily completely online. Hence, termination of sales due to traditional post-identification or Home-Ident procedures or time consuming application processes are avoided, “said Dr. Nelson Holzner, founder and CEO of BillPay. In addition, the goods can be shipped immediately to the customer after ordering. Merchants promptly receive the entire purchase price and thus protect their liquidity.
“We are pleased, that the Bankverein Werther AG has implemented this innovative and currently unique product in German online trading with BillPay and that we can offer another established payment method in addition to Direct Debit, credit card and giropay,” said Mr. Christoph Böckle, the managing board of Bankverein Werther AG.
Following the successful live connection of the online Purchase by Installment last week, the quick and easy integration with the free and proven plug- ins for popular shop systems is guaranteed in the upcoming months.
Hoodboyz cooperates with BillPay
The online shop, Hoodboyz, for hip hop clothing expanded its payment profile with Purchase by Invoice and Purchase by Direct Debit. Subsequent to ordering at www.hoodboyz.de, customers can comfortably pay by invoice after receiving their goods. However, they can also use Direct Debit, which is already known from stationary trade.
“BillPay offers us two major payment methods that increase the attractiveness of our offer. With over 100 brands, we offer our clients a wide selection of hip hop clothing. With these two popular payment methods we can now offer a wide range of payment options to our customers. Thus our shop has a higher overall quality. BillPay takes over the entire payment process so that we can concentrate on our core business.” Said Radwan Shaabo, CEO of Hoodboyz GmbH.
With BillPay online merchants can offer their customers the popular payment methods, Purchase by Invoice and Purchase by Direct Debit, without any risk of default. BillPay assumes the entire risk for the merchants with regard to risk- and claim management. Due to a free software and an own IT support, a rapid and seamless integration of BillPay’s payment methods into the merchants order process is ensured.
Exclusive Partnership between xt:Commerce and BillPay for Purchase by Invoice and Purchase by Installment
At the Mail Order World, the largest exhibition for shipping trade in Europe, the eCommerce software company xt:Commerce and the online payment provider BillPay sealed their partnership in the field of payment processing. The popular shop system xt:Commerce, with its more than 100,000 installations, exclusively complements its portfolio of payment services with BillPay’s Purchase by Invoice and Purchase by Installment. Moreover, Purchase by Direct Debit is offered with BillPay. BillPay’s payment methods grant online merchants 100% protection against defaults in payment.
“We are pleased to have found, with BillPay, a reliable partner that meets our high expectations for user-friendly payment services. Therefore, we recommend our clients to enable BillPay’s payment methods in order to significantly increase the number of sales. Users of our shop system VEYTON or earlier versions can download the appropriate plug-ins free of charge from us,”said Mario Zanier, founder and CEO of xt:Commerce GmbH.
“The cooperation with xt:Commerce, as one of the leading shop systems, is an important milestone for BillPay and our partners. From now onwards xt:Commerce users can integrate the highly popular payment methods, Purchase by Invoice and Purchase by Direct Debit faster and easier into their online shops. Before long, our joint offerings will be complemented by our innovative online Purchase by Installment, which will, without the traditional media breaks, bind more and more customers to the shop.“says Dr. Nelson Holzner , founder and CEO of BillPay GmbH
Due to imminent defaults in payment online merchants keep their distance when it comes to the customer beloved Purchase by Invoice and Purchase by Direct Debit. BillPay grants merchants full protection against this risk.
As a result of the deteriorating net household income, Purchase by Installment becomes increasingly relevant with regard to purchasing decisions. BillPay’s Purchase by Installment is done entirely online; owing to the traditional PostIdent -or HomeIdent-procedure purchase cancellations are avoided.
Medium-sized enterprises, industry giants and eCommerce beginners, with shop systems by xt:Commerce can henceforth download free of charge the BillPay plug-in from its website.
BillPay hires ex-easycash Manager
With effect from the 1st of September, Thies Rixen is appointed managing director of the Berlin payment provider, BillPay. The 38 -year-old will lead the company together with the founder and CEO, Dr. Nelson Holzner, and will focus primarily on the implementation of the ambitious company expansion plans.
Thies Rixen has extensive experience in the payment and IT industry. For nearly four years, Thies Rixen was Chief Information Officer (CIO) and managing director of the loyalty department at Easy cash, Germany’s largest provider of card-based payment and loyalty solutions. Beforehand, he was employed by the IT service provider Electronic Data Systems (EDS) and Otto Versand. The business administrator has conducted his studies in Germany and France. He earned his MBA at the University of St. Gallen/ Switzerland. Thies Rixen, “I am looking forward to a new challenge in this exciting and dynamic market and will be working at full pace to promote the extraordinary growth of BillPay.” Nelson Holzner, founder and CEO at BillPay: “We are delighted that Thies Rixen further strengthens our team with his extensive experience.“
BillPay offers Purchase by Invoice and by Direct Debit with free module for Gambio
Due to BillPay, online merchants with the shop system Gambio can now offer their customers even easier Purchase by Invoice and Electronic Direct Debit (EDD). Merchants receive the software module for integration free of charge directly from BillPay.
BillPay is an independent service provider and handles for online shops Purchase by Invoice and Purchase by Direct Debit. Due to BillPay online shops are completely ensured against defaults. The Purchase by Invoice is by far the most popular payment method and regularly leads to sales increases between 20 and 30%. Direct Debit is the third most popular payment method. Customers know and appreciate Purchase by Direct Debit from stationary trade. By offering two of the three most popular types of payment the number of terminated sales decreases, the shopping card volume increases and sales and profits grow significantly.
“Free software modules for easy integration of our Purchase by Invoice and Purchase by Direct Debit into the order process as well as competent and free support from our internal IT department are, for us, a superior service for online merchants around Purchase by Invoice and by Direct Debit, ” says Dr. Nelson Holzner , founder and CEO of BillPay.
Two clicks for Purchase by Invoice or Purchase by Direct Debit without registration for customers
BillPay’s payment methods seamlessly integrate into the ordering process of online merchant. The customer remains throughout the entire order process on the side of the merchant. We deliberately omitted the customer registration at BillPay and the reconfirmation by the customer.
The customer selects Purchase by Invoice or Purchase by Direct Debit and confirms BillPay’s General Terms and Conditions and clicks “Next” to check-out – Done! In addition, with BillPay the so-called tracking is maintained, which allows merchants to accurately analyze the purchase process and customer channels in order to precisely align their marketing efforts.
BillPay currently offers online merchants free software modules for shop systems Magento, xt:Commerce, Oxid, osCommerce and Zen Cart. More Shop systems will follow shortly.
Purchase by Direct Debit without default risk with BillPay
As of now, online merchants can offer their customers Purchase by Direct Debit in addition to Purchase by Invoice. BillPay, the independent partner for online shops, takes over the entire risk of default.
The Purchase by Direct Debit is, following Purchase by Invoice and credit card, the third most popular payment method of German online shoppers (ibi Research 2008).
“Customers know and appreciate Purchase by Direct Debit from traditional stationary trade and also want to shop online quickly and easily by Direct Debit,“ says Dr. Nelson Holzner, founder and CEO of BillPay. Customers neither have to register for the Purchase by Direct Debit nor have to enter any sensitive information such as PIN and TAN online. In addition, the order is completed immediately.
So popular the Purchase by Direct Debit is, so risky it is traditionally for online merchants: There is a high risk of defaults and costly return debits due to lack of account coverage, because of extinction of account or fraud. BillPay completely takes care of these risks for online merchants.
Pursuant to this, Purchase by Direct Debit supplements BillPay’s current offer, Purchase by Invoice, with another attractive, but for merchants risk free payment method. With BillPay online merchants can now offer two of the three most popular payment methods conveniently and risk-free with one provider and hence regularly increase their revenue by 20-30%.
Just as BillPay’s Purchase by Invoice also Purchase by Direct Debit seamlessly integrates itself into the ordering process of online merchants. The customer remains throughout the entire process on the side of the merchant. Thus the so-called tracking remains intact, which allows the trader to analyze the buying process and customer channels in order to coordinate its marketing activities accurately.
As with Purchase by Invoice, BillPay offers its partner-shops the integration of Purchase by Direct Debit via free and self-developed software modules. Currently for Purchase by Direct Debit software modules are available for shop systems Magento and xt:Commerce; modules for other shop systems will follow shortly. Alternatively BillPay may be integrated via an API. BillPay’s telephone IT support assists merchants by their integration free of charge.
BillPay offers Purchase by Invoice with free module for xt:Commerce
From now on online merchants with the shop system xt:Commerce can offer their customers Purchase by Invoice with BillPay. Merchants receive the software module for the integration directly from BillPay free of charge.
BillPay is an independent service provider and handles the entire Purchase by Invoice for online shops. Thus, BillPay safeguards online shops completely against defaults. The Purchase by Invoice is by far the most popular payment method and regularly leads to sales increases of between 20 and 30%.
“Free software modules for easy integration of our Purchase by Invoice into the order process as well as competent and free support from our internal IT department are, for us, a superior service for online merchants around Purchase by Invoice , ” says Dr. Nelson Holzner , founder and CEO of BillPay.
Two clicks for Purchase by Invoice without registration for customers
BillPay’s Purchase by Invoice seamlessly integrates into the ordering process of online merchants.
“Due to the multiple successful online merchants from our investor base, Rocket Internet and Holtzbrinck Ventures, we know how important sleek, simple and transparent procedures in the order process are, “said Nelson Holzner.
The customer remains throughout the entire order process on the side of the merchant. We deliberately omitted the customer registration at BillPay and the reconfirmation by the customer.
The customer selects Purchase by Invoice and confirms BillPay’s General Terms and Conditions and clicks “Next” to check-out – Done! In addition, with BillPay the so-called tracking is maintained, which allows merchants to accurately analyze the purchase process and customer channels in order to precisely align their marketing efforts.
BillPay’s Purchase by Invoice with Magento’s Module – free of charge
Online retailers with shop system Magento can integrate BillPay’s Purchase by Invoice even easier now. Merchants receive the applicable software module free of charge from BillPay.
“As part of our superior service, online merchants utilizing BillPay Payment by Invoice receive free software plugins for easy integration in the order process as well as competent and free support from our internal IT department,” says Dr. Nelson Holzner, founder and CEO of BillPay.
With only two clicks to Purchase by Invoice – no stressful customer registration
BillPay’s Purchase by Invoice consistently adheres to the needs of a successful online merchant. Thus, the Purchase by Invoice seamlessly integrates itself into the ordering process of an online merchant. The customer remains throughout the entire order process in the merchant’s shop: confirmation of the General Terms and Conditions – “Next ” – done!
“Due to the multiple successful online merchants from our investor base, Rocket Internet and Holtzbrinck Ventures, we know how important sleek, simple and transparent procedures in the order process are.“
For this reason, we deliberately omitted the customer registration at BillPay and the reconfirmation by the customer.
“Customers do not want to register with payment providers and repeatedly enter or confirm data, but want to quickly, easily and safely complete the purchase – as well as merchants by the way,” said Kim Barthel, Head of Sales at BillPay, from his long standing experience in e-commerce, among others, at one of the leading price comparison engines.
Finally, with BillPay also the so-called tracking is maintained, which allows merchants to accurately analyze the purchase process and customer channels in order to precisely align their marketing efforts.
With BillPay it is now easier and more attractive for online merchants to offer their customers Germany’s most popular payment method, Purchase by Invoice, which increases their sales between 20 and 30%.