Introduction
In the dynamic landscape of online commerce, an essential player has emerged to redefine the way businesses manage their transactions. Praxis Tech, a pioneering payment orchestration software company founded in 2014, has become a game-changer for businesses seeking seamless online payment solutions. This article delves into the core functionalities and offerings of Praxis Tech, exploring how it has transformed the global payments ecosystem.
Understanding Payment Orchestration with Praxis Tech
What is Payment Orchestration?
Payment orchestration, as facilitated by Praxis Tech, involves the integration and management of various payment service providers, acquirers, payment gateways, and banks through a unified software layer. This innovative process simplifies global expansion and optimizes payment infrastructure, allowing companies to enhance their online transactions.
Praxis Tech: Empowering Business Growth
Praxis Tech stands at the forefront of payments orchestration, aiding companies in accepting online payments and boosting transaction approval ratios. With exponential growth in recent years, Praxis Tech has solidified its position as a leading payments orchestration platform, supporting merchants in expanding globally and integrating with diverse payment solutions.
Products Offered by Praxis Tech
- Praxis Cashier
- Cascading
- Tokenization
- Complete Checkout Page
- Cards & APMs
- Theme Selection
- Limited Customizations
- Non-PCI DSS Merchants
- Praxis Hosted Payment Fields
- Cascading
- Tokenization
- Embedded Payment Fields
- Only Cards
- Initial Default Theme
- Advanced Customizations
- Non-PCI DSS Merchants
- Praxis Direct
- Cascading
- Tokenization
- Only Processing
- Cards & APMs
- Build Your Theme
- Full Customizations
- PCI DSS Merchants
The Praxis Tech Advantage
A Superior Checkout Experience
Praxis Tech advocates for a “Think global, act local” approach, aiming to increase sales by expanding global reach through seamless payments in every market. Merchants benefit from a fully customizable and localized checkout solution, resulting in enhanced revenues.
Streamlined Integration
When merchants join Praxis, they gain access to a vast network of Payment Service Providers (PSPs) and Alternative Payment Methods (APMs). This integration allows merchants to accept payments through multiple methods, tailored to specific countries and criteria, all through a single integration.
Decline Recover Strategy
Praxis Tech consistently enhances its product by deploying a Decline Recover strategy. The platform releases a comprehensive suite of features designed to boost approved transaction rates, ensuring a seamless and efficient payment process for merchants.
Praxis Tech’s Global Expansion
In a strategic move, Praxis Tech recently announced the opening of its new representative office, Praxis Technology LLC, in Dubai’s Business Bay. This expansion is a testament to the company’s remarkable growth and its commitment to providing an unparalleled payment orchestration experience.
Key Highlights of the Expansion
- Exponential Growth: Praxis Tech has grown significantly, offering access to 525+ PSPs and 1000+ APM solutions.
- Empowering Merchants: The intelligent payment orchestration back office by Praxis Tech provides merchants with full freedom and control over their payments.
- Strategic Location in Dubai: The new office in Dubai caters to a growing global client base, providing round-the-clock support, access to talent, and expanding their presence in the Middle East and Asia.
Conclusion
In conclusion, Praxis Tech stands as a beacon of innovation in the realm of online payments. Through its advanced payment orchestration solutions, the company empowers businesses to achieve sustainable growth. Whether it’s simplifying global expansion, optimizing payment infrastructure, or providing a superior checkout experience, Praxis Tech continues to redefine the landscape of online transactions.