Paytrail Banking

Paytrail is a payment solution for all online transactions. It currently operates in Finland, and has already processed over 2 billion worth of payments. Paytrail is a great option for eCommerce businesses, looking to lower costs and for less hassle. The company was established back in 2007 and has since then worked with over 10 000+ different web shops and online service providers. Read the review below to see how it works. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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Paytrail

How It Works?

Imagine trying to open a new eCommerce site. In order to make payment options available, you have to negotiate agreements with all known banks and e-wallets. So here's where Paytrail comes in, giving you the full package of payment options without extra agreements with each one of them.

Paytrail also makes it easier for the customers. Their cloud-based wallet stores your credit and debit card information. In order to access it, all you have to do is type in your email address and verify the one-time PIN that will be sent to your phone. This makes Paytrail also a safe payment option as long as you keep your phone locked and don't lose it. Speaking of security, let's take a closer look at it next.

Security

Paytrail is licensed by the Finnish Financial Supervisory Authority. This guarantees that certain security measures are met, the company is regulated and follow laws in order to stay in business.

Paytrail isn't Payment Card Industry Data Security Standards (PCI DSS) compliant. This could raise the red flag, however neither Paytrail nor the merchant can access customer's card details or any other personal information. Because of that, Paytrail can also be considered as one of the safest payment systems out there.

Banking

If you are planning to open a new eCommerce site, Paytrail may be your best bet when it comes to payment solutions. Whereas traditional payment systems require customers to visit a third-party site in order to pay, Paytrail incorporates an on-site payment option. This way, it's less hassle for the consumer and therefore better for the merchant as well. You can even set up a Paytrail payment system in your retail store, connecting it to an iPad, POS system or a self-service terminal.

Paytrail comes with a cost for the merchant, which isn't significant. It's a small monthly fee with additional fees per transaction. In some cases 2% commission is also added.

Summary

Paytrail is a Finnish online payment solution designed for online stores, network services and reservation systems. It offers an easy and simple way for consumers to pay for their goods or services right on the site and a full turn-key package for merchants and eCommerce sites.

Click to visit Paytrail website.

Posted by CCJ Team