|Description||online payment solutions|
payolution is offering seamless white-label invoicing and instalment solutions for e-retail and travel. Invoice is by far the preferred payment method by consumers and therefore conversion rates at the check-out by up to 80%. Payment by installments are hardly offered in Europe as merchants were not able to take the risk and refinance outstanding money. Therefore payolution is absorbing the credit risk and paying the merchant in advance.
payolution is based in Vienna and was founded by Michael Altrichter (co-founder paysafecard) and Stefan Kalteis (co-founder 123people).