Cyprus-Based Payment Processor Praxis Tech Explains Why Merchants Should Chose It!

Founded in Cyprus in 2014 by Israeli Amit Klatchko, PayTech Praxis a/k/a PraxisTech has positioned itself as a leading payment orchestrator for digitally active merchants and payment service providers (PSPs). The article below briefly describes why it can be beneficial to work with Praxis. On PayRate42, Praxis is on the green compliance list.

In the digital realm, the pace at which transactions are processed and the variety of payment methods available are critical factors that can make or break an online business. PraxisTech, since its inception in 2014, has risen to prominence as a player a leading n streamlining this aspect of the digital commerce arena. With its innovative payment orchestration software, PraxisTech is not just facilitating seamless transactions but also aiding businesses in stepping onto the global stage with confidence.

Delving into the World of Payment Orchestration

Payment orchestration is a concept that ties together various payment service providers, gateways, and banking institutions under a unified software layer. PraxisTech has honed this model to perfection, aiding businesses in their global expansion endeavors while optimizing their payment infrastructure.

The Evolution of PraxisTech

Established in 2014, PraxisTech has charted an impressive growth trajectory, marking its territory as a sought-after payment orchestration platform. It has become a trusted ally for merchants eyeing global markets, offering an expansive network of 540+ Payment Service Providers (PSPs) and over 1000 alternative payment solutions, encompassing transactions in 200+ currencies.

PraxisTech's Integration Trifecta

Praxis Cashier: This product acts as a gateway for streamlined transactions, offering a platform where businesses can effortlessly accept payments and process withdrawals. It’s a window to PraxisTech’s extensive network of PSPs and alternative payment methods, custom-tailored based on country-specific requirements.
Praxis Direct: Serving as an API, Praxis Direct offers a suite of pre-integrated solutions, simplifying the management of payment flows without necessitating extensive development. Features like smart credit card routing, fast onboarding of new providers, and instant deployment of pre-integrated processors are just a few of the benefits that come with Praxis Direct.
Hosted Payment Fields (HPF): Although details are scant, HPF is a key component of PraxisTech’s offerings, likely focused on enhancing user payment experience through hosted payment fields.

The Upsides of Partnering with PraxisTech

Global Expansion Made Easy: By dismantling the intricacies associated with global expansion, PraxisTech’s payment orchestration platform is a gateway to new markets.
Optimized Payment Infrastructure: With its broad spectrum of PSPs and alternative payment solutions, PraxisTech ensures an adaptable payment infrastructure across diverse currencies and regions.
Revenue Augmentation: Through smart routing and algorithms, PraxisTech maximizes approval rates, reducing declines, and in turn, amplifying revenue streams.
Tailored Payment Processes: The dynamic nature of PraxisTech’s products allows for a high degree of customization, ensuring that the payment process is in tune with the specific needs of a business.
Operational Streamlining: With consolidated reporting, intuitive dashboards, and preset routing rules, PraxisTech simplifies operations, aiding businesses in managing their payment processes efficiently.

Conclusion

PraxisTech is more than just a payment integration platform; it’s a conductor orchestrating a symphony of efficient, flexible, and globally adaptive payment solutions. From the seamless payment options of Praxis Cashier to the API-driven efficiencies of Praxis Direct, PraxisTech is empowering businesses to navigate through the complexities of online transactions effortlessly. Its commitment to simplifying and optimizing payment processes underscores its pivotal role in the fast-evolving payment orchestration landscape.

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