Whether as purchase on account, payment in instalments or by direct debit – as a payment service provider, Ratepay makes paying on the Internet simple and secure. E-commerce and payment experts founded Ratepay GmbH in 2009; the company is now part of the Otto Group and has its headquarters in Berlin.
Ratepay specialises in processing the most popular payment methods for online shops. For the retailer, all the downstream processes, customer risk checks, receivables management and debt collection procedures are handled by Ratepay. Even the risk of payment defaults is borne up to 100 per cent by Ratepay. Integrating the range of payment solutions optimises the checkout process for online shops, thus helping retailers generate more transactions and sales.
It is convenient for customers too: they simply choose their preferred Ratepay payment method in the online shop and transact the purchase. Confirmation of purchase takes place online within a few seconds, even with payment in instalments. It is not necessary to register or open an account.