PAYMILL, the innovative payment service provider in Europe, starts its cooperation with “Alliance”, Italy’s most exciting internet incubator association, today.
Start-Up Alliance, which puts the internet incubators H-Farm, Boox and Nana Bianca under its umbrella, supports more than 68 Start-Ups in Italy financially and practically. Furthermore, Alliance has created an outstanding network of partners to offer the best possible infrastructure to their ventures.
Paolo Barberis spokesman of Alliance: “We are thrilled to offer PAYMILL to all the young upcoming and very promising companies, which are part of Alliance. PAYMILL provides all of our ventures with an easy-to-use payments solution that is quick to set up and widely available. By combining PAYMILL with the broad range of different start-ups, aspiring entrepreneurs from across Italy will enjoy a new level of simplicity and elegance when offering this great online payment solution to their customers.”
Jörg Sutara, Managing Director of PAYMILL: “Start-Up Alliance is the perfect partner for us to further foster our position in the European online payment market and helps us to fulfill our mission: to enable everyone to make fast and transparent payments. We are very much honored to team up with Alliance in Italy. The Italian ecosystem has an amazing pool of innovative companies on the rise and we are very proud to be part of this development. I have visited all incubators and I was deeply impressed by the drive and passion these entrepreneurs put into their ventures. To me it is like the digital rise of the Roman empire.”
PAYMILL, which has convinced powerful online platforms such as Shopify, will make the check-out processes at each “Alliance Start-Up” very smooth and easy. The intuitive developer friendly API, the rapid on-boarding process, the highest security standards, the broad offer of more than 120 currencies and the transparent pricing all combined with comprehensive and friendly customer service sets PAYMILL apart from other online payment solutions. PAYMILL is the first provider to have brought this simple, user friendly technical solution to Europe.
Alliance is a venture incubator consisting of the three Italian companies Boox, Nana Bianca and H-Farm, which are pursuing the same dream: share ideas and support innovative projects. Alliance is the union of three digital realities with the aim to change Italy through innovation and a lot of work. H-FARM from Venice, Nanabianca from Florence and Boox from Milan. Startup Alliance is available for all the innovators who want to create great things through digital projects. For more information please visit http://startup-alliance.it
PAYMILL, the innovative payment service provider, introduced PAYMILL Mobile SDK for iOS and Android today. By doing so, PAYMILL picks up a Euro-wide trend: A shift from retail to mobile commerce. According to the eMarketer Report 2013, nearly 50% of Europeans already possess a smartphone and the numbers of people who purchase items via their mobile devices increases constantly. PAYMILL Mobile SDK is a great all-in-one solution that provides the best customer experience of mobile in-app payments.
Mark Henkel (@mrkhnkl), CEO and Co-Founder of PAYMILL: “With PAYMILL Mobile SDK, we respond to our customers’ requests for an easy way to integrate payments into one’s app. From now on, customers can directly pay inside the app very fast and easily, without having the need to leave the app to pay. Thereby, we close the gap in the mobile “check out chain” and enable merchants to provide the best mobile payment experience to their customers. And the best thing: Mobile SDK users can design the check-out processes according to their own preferences so that they are not bound to a fixed template. Essentially, Mobile SDK is the perfect way to use mobile as a revenue stream to make mobile customers happy.”
With Mobile SDK, PAYMILL adds another payment application to the already existing intuitive and developer friendly application programming interface (API). This enables merchants to integrate payments according to their needs. The customer-oriented solutions as well as the rapid on-boarding process, the highest security standards, the broad offer of more than 100 currencies and the transparent pricing all combined with comprehensive and friendly customer service sets PAYMILL apart from other payment service providers. PAYMILL is the first provider to have brought this simple, user friendly online payment solution to Europe.
Shopify, the industry-leading e-commerce platform, which enables customers to create and power online stores, teamed up with PAYMILL, the innovative payment service provider in Europe. Together, they will provide their customers the easiest and most convenient online payment option available.
Shopify allows entrepreneurs to open up their own online shop and distribute their products online. So far, more than 50.000 merchants have sold millions of products via Shopify. The cooperation with PAYMILL will make Shopify more appealing to the merchants’ customers and boost adoption in the European market.
Louis Kearns, Director of Payments of Shopify: “We are thrilled to offer PAYMILL to our expanding community of e-commerce merchants across Europe. PAYMILL provides Shopify stores with an easy-to-use payments solution that is quick to set up and widely available. They’ve successfully optimized merchant account creation times to a level where most Shopify stores will be approved to accept credit card payments in less than a day or two. By combining PAYMILL and Shopify, aspiring entrepreneurs from across Europe will enjoy a new level of simplicity and elegance when launching their web shops, receiving their first orders,
Jörg Sutara, Managing Director of PAYMILL: „We are proud to welcome Shopify, the leading e-commerce platform as our partner. As a logical consequence after their great success in North America, they are now conquering Europe. We are honored to be the preferred payment gateway for their new region. Shopify and PAYMILL stand for cutting edge technology. Customer convenience is key and therefore Shopify is a perfect match for us.
The amount of customer requests concerning an integration with Shopify was overwhelming and we are truly happy that we can satisfy this demand from now on.“ The intuitive developer friendly API, the rapid on-boarding process, the highest security standards, the broad offer of more than 100 currencies and the transparent pricing all combined with comprehensive and friendly customer service sets PAYMILL apart from other online payment solutions. PAYMILL is the first provider to have brought this simple, user friendly technical solution to Europe. Shopify is an e-commerce platform that allows anybody to easily create an online store. Shopify currently powers over 50.000 active online retailers, including: Gatorade, Forbes, Tata Group, Tesla Motors, Amnesty International, Encyclopedia Britannica, and many more. Shopify was founded in 2006 and has received $22 million in Series A and B funding from Bessemer Venture Partners, FirstMark Capital, Felicis Ventures, and Georgian Partners. For more information please visit http://www.shopify.com.
Our VP of Engineering Christian pitched at SAP Hana Forum in Berlin this week. We are happy to announce that we have been selected as one of the winners!
You can read more about it here.
SAP is planning to learn from start-ups! This was the only event in Germany and a jury of nine well-known judges decided who will have the chance to join the bootcamp. From a broad range of applicants, 21 have been selected for the next round. PAYMILL was the only payment- and finance-related start-up to take part. Our friends from Elefunds were also among the winners!
PAYMILL is now available in Romania, Bulgaria and Gibraltar!
We are happy to announce that we added a couple of new countries to our portfolio.
You can now accept credit and debit card payments on your website very fast and easily in 37 countries.
Mark Henkel, CEO and co-founder of PAYMILL: “The continuous expansion within Europe reinforces our leading innovative position in the European online payment market advancing our goal to enable everyone to make fast and transparent payments. In the past few years there has been a sharp rise in the number of e-commerce businesses, start-ups and especially SaaS businesses especially in the east European countries. This is why there has been a strong demand in those regions in the past for an innovative service provider. With today’s launch in Romania, Bulgaria and Gibraltar, PAYMILL aims to support entrepreneurs and already existing SMEs by allowing them to add the ability to take online payments extremely quickly and more easily than has previously been possible.”
We are both proud and happy to be awarded as one of the Top 100 of European Startups winners.
Red Herring’s list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring’s editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Selecting startups that show the most potential for disruption and growth is never easy,” said Alex Vieux, publisher and CEO of Red Herring. “We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the Top 100 Winners. Each year, the competition gets tougher but we believe PAYMILL demonstrates the vision, drive and innovation that define a Red Herring winner.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.
PAY.ON and 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. PAY.ON will benefit from access to new merchant segments that Paymill is acquiring due to its simple technological solution.
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. For PAY.ON, this also means logging into an interesting, self-determined merchant community.”
Paymill gives online stores and service providers on the internet the ability to integrate card payments on their websites. Advantages are the very simple API, the fast onboarding process, the transparent price and the comprehensive customer support. 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 available to Paymill merchants.
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.”
We are happy to announce an exciting new service to make payments as easy as possible. From today on PAYMILL offers more card brands such as JCB, Diners Club/Discover, China Union Pay and American Express. We tried to remain as simple as possible, but for some brand/country combinations we had to adjust the pricing and the standard fee of 2,95% increases slightly, e.g. for American Express (3,95%), which is in general a very expensive card brand.
Merchants who run a global online business improve conversion rates offering local preferred card brands to their customers. Even though some brands are not so relevant in Europe, they have a significant market share in US or Asia. That is why PAYMILL added the brands to its portfolio.
How can you set up your account with new brands?
For new merchants, just select the preferred brands during the online application form (“activation”). For existing merchants, simply login and choose “settings” in order to add brands to your merchant account. The set-up will take a couple of days. On our pricing page you can see fees and availability of the different cards brands for each country.
PAYMILL, the innovative payment service provider, secured an additional funding of Blumberg Capital, bringing the total capital raised between Blumberg, Sunstone and Holzbrinck well over 10M Euros. PAYMILL facilitates an easy implementation of online credit card payment and other payment procedures in their customers’ online shop platforms, by operating already in 34 countries.
Mark Henkel, CEO of PAYMILL: “The strong investment support from Holtzbrinck Ventures, Sunstone Capital emphasized our strong position as a technology leader in the European online payment market. With the latest investment of Blumberg Capital we want to make another step forward and continue our mission in optimizing our technical platform and our customer service. It’s our goal that everyone globally can accept online payments fast and easily.”
PAYMILL is the very first provider who launched this easy and user-friendly technical solution in Europe. With the investment of Blumberg, PAYMILL brings on a partner with global reach, and expertise in financial services, strengthening its position for further rapid growth and development of user-friendly features.
At the same time, the online service provider is actively touring big cities all over Europe. In March, they will be hitting Amsterdam, Barcelona, Berlin, Budapest, and London. “Focusing on the pan-European market is one of our key assets,” said Mark Henkel, “but at the same time, we also concentrate on an intense dialogue with our customers to constantly improve our product.”
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. “This is an exceptional team going aggressively after an underserved market globally, and we are excited to be part of the team,” said Jon Soberg, Managing Director at Blumberg Capital. 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.
About Blumberg Capital
Blumberg Capital (www.blumbergcapital.com) is an early-stage venture capital firm focused on investing in innovative and disruptive companies that are changing the service economy. Blumberg Capital has approximately $250 million USD under management. Blumberg has special expertise in financial services and has made several investments in the space, including Credorax, Addepar, Lenddo, and Kreditech
PAYMILL GmbH was founded in Munich, Germany, in June 2012 by Mark Fabian 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 got to www.paymill.com
PAYMILL, the innovative payment service provider, has received an investment of 10 million Euro by Holtzbrinck Ventures and Sunstone Capital. The company gives online stores and service providers on the internet the ability to integrate common payment methods into their platform, especially online card payments. PAYMILL is already active in 34 countries across Europe and other regions.
Mark Henkel, CEO of PAYMILL: “The investments by Holtzbrinck Ventures and Sunstone Capital reinforce our leading innovative position in the European online payment market and will help us to continue our rapid growth. Especially, we will use the funds to further improve our technical platform and to enhance our customer care. It’s our goal that everyone can accept online payments fast and easily."
PAYMILL is well positioned for further rapid growth and international expansion: PAYMILL is currently receiving a double digit million euro in total financing. Investors include Rocket Internet, Holtzbrinck Ventures, RI Digital and Sunstone Capital.
PAYMILL gives online stores and service providers on the internet the ability to integrate common payment methods and especially 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.
From today on PAYMILL starts an innovative payment solution for shops and online services. PAYMILL is based in Munich and enables its customer to offer credit card payments as quick as possible. Due to major and comparatively high costs, especially merchants of smaller shops could not offer payments via credit card. PAYMILL finally will change that.
Finally, PAYMILL is changing all that!
Founder and CEO of PAYMILL Mark Henkel says: „PAYMILL enables every online business to accept credit card payments. PAYMILL offers fast integration, easy handling and price transparency.“
Initially, PAYMILL started with credit card payments in Germany only. Adding further common payment methods as well as entering international markets is already planned. The following online shops trust PAYMILL from day one: DieJeans.de, Flakegolf.de and mywineportal.com.
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 70 staff, mostly with a technical background.
PAYMILL is active in 40 countries across Europe and other regions. For more information go to paymill.de.
Tel. +49 (0)89 / 189 045 – 300