January 15, 2013 at 06:10 AM EST
Paymill, The Samwer Stripe Clone, Strikes Global Deal With PAY.ON To Expand Payment Options
Paymill , the cloud-based payment provider backed by the Samwer Brothers' Rocket Internet startup incubator, is taking one more step to build out its Stripe-like service: it has signed a deal with PAY.ON , an international payment services aggregator that works with services like Amazon Payments to enable e-commerce services. Financial terms of the deal were not disclosed in a statement issued by the two companies. The news comes a week after Paymill announced a $13 million investment from Holtzbrinck Ventures and Sunstone.
paymill rocket

Paymill, the cloud-based payment provider backed by the Samwer Brothers’ Rocket Internet startup incubator, is taking one more step to build out its Stripe-like service: it has signed a deal with PAY.ON, an international payment services aggregator that works with services like Amazon Payments to enable e-commerce services. Financial terms of the deal were not disclosed in a statement issued by the two companies. The news comes a week after Paymill announced a $13 million investment from Holtzbrinck Ventures and Sunstone.

The strategic deal works two ways: Paymill will be using PAY.ON’s technology in its own payment service — which it offers to developers as simple, secure, API-based code that can be integrated on to a site or app; a kind of “Twilio for payments” — and will be integrating PAY.ON’s network of payment providers into the Paymill service. (In other words, it will mean that Amazon Payments, and others, will start to come up as options in addition to the credit cards that are on Paymill today.)

The second side of the deal will see PAY.ON integrating Paymill into its own service. That means that the banks and others that use PAY.ON technology to enable e-commerce services for merchants will now be offering Paymill as another way of integrating those offerings.

Significantly, the PAY.ON deal also gives Paymill, which is active in 34 countries with a particular emphasis in Europe, a route to the North American markets of the U.S. and Canada. This will put it in much closer competition with Stripe, which up to now has only been active in the U.S. and Canada.

“In PAY.ON we have a strong partner at our side, whose experience will help to reliably drive our rapid growth and international expansion,” said Mark Fabian Henkel, CEO Paymill, in a statement.

Paymill charges a per-transaction fee of 28 euro cents, plus a one-time fee of 2.95% of the transaction amount.

The emergence of services like Paymill and Stripe is a natural progression in the evolution of e-commerce. As it becomes more mainstream, there need to be companies out there that are aggregating the many different payment options, and making it easy both for consumers to use those services and businesses to implement them.

“Simple integration of familiar payment methods is the key to success for more turnover for online stores and an increasing number of SaaS providers,” Markus Rinderer, CEO PAY.ON, said in a statement. “Consistent implementation of this fundamental principle currently makes Paymill a very popular payment service provider in the European area. We are really excited that collaboration with Paymill has given us this opportunity to establish a foothold with a new technology and a new payment service offering for merchants. For PAY.ON, this also means logging into an interesting, self-determined merchant community.”

Release below.

Paymill and PAY.ON start cooperation and open up new customer segments

Munich 15, January 2013 – PAY.ON AG, a leading international provider of web-based payment infrastructure services, and the payment service provider Paymill have agreed on a strategic partnership: in its scope, Paymill will be leveraging PAY.ON technology to optimise its existing payment processes and increasing the choice of payment types selection for customers of listed merchants. In turn PAY.ON will benefit from access to new merchant segments that Paymill is acquiring due to its simple technological solution. Both companies will be looking to develop new customer segments.

Paymill gives online stores and service providers on the internet the ability to integrate card payments on their websites. The very simple API, the fast onboarding process and the transparent price, in combination with comprehensive customer support set Paymill apart from other popular payment providers. Integration of the service is substantially facilitated for merchants by simple copying and pasting of a few lines of code into the source code of their websites. The service includes providing of payment methods and secure payment processing in the background. Paymill is the first provider to have brought this simple and user-friendly technical solution to Europe and is now extending its lead with PAY.ON technology. Besides newly-developed workflows for simpler, direct integration of merchants, PAY.ON makes additional payment methods, such as direct debit and 3D Secure available to Paymill merchants.

Markus Rinderer, CEO PAY.ON AG: “Simple integration of familiar payment methods is the key to success for more turnover for online stores and an increasing number of SaaS providers. Consistent implementation of this fundamental principle currently makes Paymill a very popular payment service provider in the European area. We are really excited that collaboration with Paymill has given us this opportunity to establish a foothold with a new technology and a new payment service offering for merchants. For PAY.ON, this also means logging into an interesting, self-determined merchant community.”

Mark Fabian Henkel, CEO Paymill: “Paymill offers its customers an innovative service that not only reduces the time required to integrate all common payment methods to a minimum, but also allows online stores full freedom in the design of the checkout process – without being forced to do without necessary PCI-DSS security aspects. In PAY.ON we have a strong partner at our side, whose experience will help to reliably drive our rapid growth and international expansion.”

About Paymill:
Paymill GmbH was founded in Munich, Germany, in June 2012 by Mark Henkel. The management team is complemented by Dr. Stefan Sambol, Jörg Sutara and Kilian Thalhammer. The company currently employs 25 staff, mostly with a technical background. Paymill is active in 34 countries across Europe and other regions. For more information go to http://www.paymill.com

About PAY.ON:
PAY.ON AG is a global s leading operator of payment infrastructure systems and provider of the PaySourcing white-label platform, as well as the PayPipe routing gateway. PaySourcing allows customers to outsource all relevant payment and risk-management processes or to offer them in the cloud, and thus become payment service providers themselves in a cost, time and resource-saving approach. PayPipe is a high-performance payment gateway that connects all payment market stakeholders globally with a single API. Unlike any other network, PayPipe accelerates global availability for all market stakeholders. Transactions can be handled online by PayPipe across all payment methods, in any currency, and on any type of system. All PAY.ON systems guarantee compliance with the security and requirements standards in effect on the international payment market. For more information go to http://www.payon.com


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