In the dynamic realm of digital transactions, the “Praxis” stands as the guiding beacon. Founded in 2014, Praxis Tech has evolved into a powerhouse in the payment orchestration landscape. This article unravels the essence of Praxis Tech, delving into its role in simplifying global expansion, optimizing payment infrastructure, and revolutionizing online transactions.
The Praxis Tech Journey – Orchestrating Excellence
Praxis Tech, a formidable payment orchestration software company, traces its roots back to 2014. Its primary mission revolves around enhancing businesses’ ability to accept payments online seamlessly while elevating the transaction approval ratio. Payment orchestration, the core of Praxis Tech’s expertise, involves the intricate integration of various elements like payment service providers, acquirers, gateways, and banks into a unified software layer.
Pioneering Global Expansion
Praxis Tech’s Exponential Growth
Praxis Tech has experienced exponential growth in recent years, solidifying its position as a premier payments orchestration platform. It caters to merchants with a vision to expand globally, providing them with a robust framework to integrate into new markets, connect with a diverse range of payment solutions, and foster business growth.
The Integration Spectrum
Currently, Praxis Tech boasts integration capabilities with 540+ Payment Service Providers (PSPs) and 1000+ alternative payment solutions, offering support for over 200 currencies. This integration spectrum positions Praxis Tech as a versatile ally for merchants seeking to navigate the complexities of the global payments landscape.
The Praxis Tech Product Ecosystem
Infrastructure Without Involvement
As a payment technology company, Praxis Tech provides the infrastructure for merchants to facilitate payments and conduct payouts. Notably, Praxis Tech maintains a hands-off approach to transactions, refraining from handling client funds or information directly.
Three Pillars of Integration
Praxis Tech extends its services through three distinctive products, each serving as a unique mode of integration into its ecosystem:
- Praxis Cashier: Empowering merchants to create customizable, modular payments pages tailored by geography, currency, and other parameters.
- Praxis Direct: A gateway for PSPs to seamlessly integrate and become providers for hundreds of merchants through a simplified process.
- Hosted Payment Fields (HPF): Offering merchants an alternative entryway into the Praxis ecosystem with hosted and tailored payment fields.
Enhancing Transactions with Praxis
Network Benefits for Merchants
When merchants align with Praxis, they gain access to a vast network of PSPs and Alternative Payment Methods (APMs) integrated seamlessly with Praxis. This unified integration empowers merchants to accept payments through multiple methods, strategically targeted by country and other criteria.
The Decline Recover Strategy
Praxis Tech’s commitment to excellence is evident through its Decline Recover strategy. By consistently releasing a comprehensive suite of features, Praxis Tech assists merchants in boosting their approved transaction rates. This strategy underscores the platform’s dedication to refining and enhancing its products continually.
Tailored Solutions for Merchants
Praxis Cashier Demo
For merchants, Praxis Tech offers a hands-on experience with the Praxis Cashier Demo. This feature allows merchants to create their own customizable, modular payments page, tailoring it to specific parameters such as geography, currency, and customer preferences.
Seamless PSP Integration
Praxis Tech invites PSPs to experience seamless integration through its platform. Becoming a provider to hundreds of merchants is simplified through a straightforward integration process, emphasizing Praxis Tech’s commitment to fostering mutually beneficial relationships.
Praxis Direct API Demo
Praxis Tech introduces a fast and direct integration option with the Praxis Direct API Demo. This feature eliminates the need to replace existing cashiers, providing merchants with instant access to a myriad of payment solutions.
A Symphony of Connectivity – Praxis Direct API
The Praxis Direct API becomes the heartbeat of seamless connectivity. Merchants are invited to explore the API demo, emphasizing that there’s no need to replace existing cashiers. This direct integration ensures access to a diverse array of payment solutions, offering endless possibilities to enhance payment processes.
- Global Reach: Praxis Tech facilitates global expansion, connecting merchants with a wide range of payment solutions and supporting multiple currencies.
- Exponential Integration: With 540+ PSPs and 1000+ alternative payment solutions, Praxis Tech enables merchants to integrate extensively, ensuring versatility in transaction processes.
- Flexible Integration Modes: Praxis Tech’s product ecosystem provides merchants with three distinct modes of integration, catering to varied business needs.
- Strategic Network Access: Merchants benefit strategically from Praxis Tech’s network, enabling them to accept payments through multiple methods based on geographical and other criteria.
- Continuous Improvement: The Decline Recover strategy showcases Praxis Tech’s commitment to constant enhancement, ensuring merchants benefit from improved transaction rates consistently.
- Hands-On Experience: Praxis Tech offers hands-on experiences through demos, allowing merchants and PSPs to explore and tailor solutions to their specific needs.
Conclusion: Praxis – The Conductor of Seamless Transactions
In conclusion, Praxis Tech emerges as the conductor orchestrating the symphony of seamless transactions. The “Praxis” threads through the narrative, symbolizing the integral role the platform plays in shaping the future of digital payments. As businesses embark on their global expansion journeys, Praxis Tech stands as a steadfast ally, ensuring that the orchestration of payments is not just a process but an experience in excellence. Embrace the power of Praxis Tech – where transactions become a harmonious symphony of connectivity and growth.