In the ever-evolving landscape of online business, having a robust and efficient payment solution is paramount. This is where Praxis Tech, a payment orchestration software company founded in 2014, steps in. This article aims to delve into the core offerings of Praxis, exploring how it empowers businesses, simplifies global expansion, and optimizes payment infrastructures. Throughout the narrative, the word “Praxis” will be seamlessly woven, reflecting its central role in the world of payment technologies.
Praxis Tech: Revolutionizing Payment Orchestration
Understanding Payment Orchestration:
Payment orchestration, the process of integrating and handling various payment service providers, acquirers, payment gateways, and banks on a single, unified software layer, lies at the heart of Praxis’s mission. Founded on this principle, Praxis has emerged as a top payments orchestration platform, offering a gateway for businesses to streamline payment processes.
Global Expansion Made Simple:
Praxis plays a pivotal role in simplifying global expansion for businesses. With exponential growth over the years, it has become the go-to platform for merchants seeking to grow their business, enter new global markets, and seamlessly integrate with multiple payment solutions. Currently, Praxis boasts integration with 540+ PSPs and 1000+ alternative payment solutions, supporting over 200 currencies.
Diverse Product Offerings:
Praxis offers three distinct products, each providing merchants with a suitable entryway into the Praxis ecosystem:
- Praxis Cashier:
- A customizable, modular payments page.
- Tailorable by geography, currency, customer, or any other parameter.
- Praxis Direct:
- A simple and easy integration for providers to connect with hundreds of merchants.
- Hosted Payment Fields (HPF):
- An integrated solution that allows merchants to benefit from Praxis’s extensive network.
Empowering Merchants: Enhancing Transaction Approval
Upon signing up with Praxis, merchants gain access to a wide network of Payment Service Providers (PSPs) and Alternative Payment Methods (APMs). This broad integration enables merchants to accept payments through multiple methods, tailored by country and other criteria.
Praxis consistently enhances its product through a Decline Recover strategy. By releasing a comprehensive suite of features, it helps merchants boost their approved transaction rates, ensuring a superior checkout experience.
Key Benefits of Praxis for Merchants
1. Superior Checkout Experience:
Praxis facilitates global reach with seamless payments in every market. Its fully customizable and localized checkout solution ensures an enhanced shopping experience, leading to increased sales for merchants.
2. Smart Routing for Credit Card Transactions:
The platform goes beyond localization by reducing customer churn and turnover. Innovative payment flow tools, including smart routing, decline recovery, and one-click payments for returning customers, contribute to a smarter credit card transaction process.
3. Streamlined Risk and Fraud Reduction:
Praxis addresses the challenge of varying fraud management services among providers. Merchants can customize highly detailed risk profiles executed across all payment transactions, streamlining risk and fraud reduction efforts.
4. PCI and GDPR Compliance:
Navigating the complex payments landscape becomes simpler with Praxis. The platform ensures PCI and GDPR compliance, lifting the burden for merchants and allowing them to focus on driving business growth.
5. White Label Solution:
Recognizing that a strong payments infrastructure is crucial, Praxis provides a complete White Label solution for PSPs. This technology-first approach accelerates time to market, allowing instant access to leading digital payment services.
A Glimpse into Praxis’s Mission and Vision
At the core of Praxis’s existence is a mission to empower every online business to achieve sustainable growth through better online payment solutions. The company strives to simplify the often over-complicated realm of financial software, providing clients with effective tools for growth initiation and sustenance.
About Praxis: The Driving Force for Growth
The world of online payments is complex and challenging, especially for businesses aiming to expand globally. Praxis, through its simple and elegant payment technologies, is committed to bringing expertly orchestrated payment solutions to its clients. The company aims to provide products that increase transaction success rates, improve payment flows, and create a seamless payment experience for customers worldwide.
Conclusion: Power Your Payments with Praxis
In conclusion, Praxis emerges not just as a payment orchestration software company but as a catalyst for growth in the online business sphere. With a focus on simplifying complex payment processes, providing superior checkout experiences, and ensuring compliance, Praxis stands as a reliable partner for merchants worldwide. As businesses navigate the dynamic landscape of online payments, the word “Praxis” echoes as a beacon of innovation and efficiency, guiding them toward sustainable growth and success.