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In the rapidly evolving landscape of online transactions, the key to success lies in efficient and seamless payment integration. We explores the innovative solutions offered by Praxis Tech, a pioneer in the field of payment integration.
Our focus is on three distinct products that serve as different modes of integration into the Praxis ecosystem: Praxis Cashier, Praxis Direct, and Hosted Payment Fields (HPF). Let’s delve into the transformative features and benefits that these products bring to merchants seeking to enhance their payment capabilities.
Understanding Praxis Tech Integration:
At the heart of Praxis Tech’s offerings are three robust integration solutions designed to provide merchants with a tailored entryway into the Praxis ecosystem. These solutions cater to varying needs and preferences, offering flexibility, control, and efficiency in managing payment flows.
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Praxis Cashier: A Gateway to Versatile Payment Solutions
When merchants join the Praxis family, they gain access to an extensive network of Payment Service Providers (PSPs) and Alternative Payment Methods (APMs) integrated with Praxis. This connectivity allows merchants to accept payments through multiple methods, each tailored by country and other specific criteria.
Benefits of Praxis Cashier:
- Unified Payment Acceptance: Through a single integration with Praxis Cashier, merchants can seamlessly accept payments through a diverse array of PSPs and APMs, simplifying the payment process.
- Tailored Payment Methods: Praxis Cashier enables merchants to tailor their accepted payment methods based on geographic and demographic factors, ensuring a localized and user-friendly experience.
- Efficiency in Transactions: The streamlined integration process enhances the efficiency of transactions, reducing complexities and minimizing potential errors.
Praxis Direct: Instant Access to a World of Solutions
Praxis Direct, an API solution provided by Praxis Tech, revolutionizes the integration landscape by offering instant access to a comprehensive suite of pre-integrated solutions. This approach facilitates more efficient management of payment flows, providing merchants with agility and control.
Key Features of Praxis Direct:
- One API, Multiple Solutions: Praxis Direct’s API provides instant access to a vast array of solutions, solving challenges across various payment flows. Merchants can pick and choose the solutions that best suit their needs, enhancing their overall offering.
- Smart Credit Card Routing: Agility in credit card routing significantly impacts a business’s bottom line. Praxis Direct offers solutions to manage credit card routing efficiently, ensuring successful transactions and a smoother payment experience.
- Fast Onboarding of New Providers: Traditional onboarding processes can be costly and time-consuming. Praxis Direct simplifies this by allowing merchants to onboard new payment providers globally with just a few clicks, enabling faster business expansion.
Praxis Direct: Paving the Way for Success
Additional Features of Praxis Direct:
- Instant Deployment of Pre-integrated Processors: As businesses expand globally, Praxis Direct ensures that payments offerings remain local for the best customer experience. With 540+ global payment solutions, deployment is instantaneous once integrated with Praxis Direct.
- Unified Reporting and Dashboard: Praxis Direct provides a comprehensive back-office dashboard for merchants to track all payment activities. The intuitive interface includes detailed reports for transactions, risk, chargebacks, and more.
- Preset Limit and Routing Rules: Automation is key to efficient payment flows. Praxis Direct allows merchants to preset limits and routing rules, mitigating risks, boosting operations, and providing a smoother payment experience.
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Hosted Payment Fields (HPF): A Holistic Approach to Payment Integration
Hosted Payment Fields (HPF) is another facet of Praxis Tech’s integrated solutions. This approach offers a holistic and secure way for merchants to manage payments seamlessly.
Features of Hosted Payment Fields (HPF):
- Secure Payment Processing: HPF ensures secure payment processing by providing a hosted environment for payment fields. This reduces the risk of sensitive data exposure during transactions.
- Customizable Payment Interface: Merchants can customize the payment interface based on their specific requirements, ensuring a cohesive and branded experience for customers.
- Simplified Integration: HPF simplifies the integration process, allowing merchants to focus on their core business while leaving the intricacies of payment processing to Praxis Tech.
Benefits of Praxis Tech Integration:
1. Effortless Global Expansion:
Praxis Tech’s integration solutions pave the way for businesses to effortlessly expand globally, reaching new markets with ease.
2. Enhanced Transaction Approval Rates:
Through continuous improvement and the Decline Recover strategy, Praxis Tech helps merchants boost their transaction approval rates, ensuring a higher rate of successful transactions.
3. Cost-Efficient Onboarding of Providers:
Praxis Direct’s fast onboarding feature significantly reduces the costs associated with onboarding new payment providers, allowing businesses to expand without unnecessary expenses.
4. Agile Credit Card Routing:
The smart credit card routing capabilities offered by Praxis Direct enhance agility, ensuring transactions are directed through the most optimal path for increased success rates.
5. Unified Reporting and Control:
The unified reporting and dashboard features provide merchants with detailed insights and control over all aspects of their payment activities.
Conclusion:
Praxis Tech‘s suite of integration solutions—Praxis Cashier, Praxis Direct, and Hosted Payment Fields (HPF)—propel businesses into a new era of payment efficiency. From unified payment acceptance and agile credit card routing to secure hosted payment fields, Praxis Tech ensures that merchants have the tools they need for success.
