FAQ
The following answers to the most frequently asked questions should help you better understand the topic of "payments."
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ENGLISH
The following answers to the most frequently asked questions should help you better understand the topic of "payments."
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A transaction can be declined for various reasons. The most common are:
The transaction was not authenticated with 3-D Secure.
There were insufficient funds on the card.
The payment was declined by the buyer’s bank.
The transaction was flagged as a risk or fraud attempt.
The causes are unknown.
If multiple payments from different individuals have been declined consecutively, please check the status of your payment provider, particularly whether payments are enabled.
Banks typically guarantee a debit within 7 days. The debit may also go through later, but this is not guaranteed by the bank. Payrexx has no way to extend this period.
For more information on pre-authorizations, please refer to the following article.
3-D Secure is a protocol aimed at enhancing the security of credit card transactions. It serves to reduce credit card fraud and protect all parties involved in the transaction. 3-D Secure is mandatory for online credit card purchases in Europe.
After the buyer enters their credit card details and initiates the transaction, a connection is established with the card issuer. The buyer is then prompted to confirm their identity with a code (two-factor authentication via app or SMS). Upon successful authentication, the credit card payment is processed.
In the following guide, you will find all the information on charging virtual credit cards:
The transaction fees for TWINT are 1,3% (as of May 30, 2024). Depending on your subscription with Payrexx, additional fees may apply.
Yes, with Payrexx, you can accept credit and debit card payments physically. You can either hand the device to your customer for entering the card details, or you can send them a link to the Payrexx sales page and ask them to use their own device to complete the payment.
If certain payment methods are not displayed, please check the following points:
Is the status of the relevant payment provider set to "visible" in the tool you're using (e.g., Donation, Pages, Paylink, etc.)?
Have you selected the corresponding logos in your shop plugin?
In the menu of your Payrexx backend, click on "Payment Providers," then on "Configure" for the desired payment provider. Change the mode from "Test" to "Live" and click the "Save" button at the bottom of the page.
For third-party payment providers like TWINT, PayPal, or PostFinance, Payrexx charges additional transaction fees depending on the subscription plan. Payrexx functions as a technical interface and provides the tools for payment processing.
The additional costs range from 0,0% (Pro Plan) to 0,6% (Checkout Plan).
Financial transactions are not subject to VAT anywhere in Europe. This means that as an online retailer, you do not have to pay VAT on transaction fees.
Bundesgesetz über die Mehrwertsteuer MWSTG (Federal Act on Value Added Tax):
On page 13, Article 21, Paragraph 19 C: The following transactions in the field of money and capital transactions are exempt from VAT: c. transactions, including mediation, in deposit and current account business, payment and transfer operations, and dealings in money claims, checks, and other trade papers; however, the collection of claims on behalf of a creditor (debt collection) is taxable.
If a payout has not been made, please check the following points to determine the reason:
Check under payment providers if your account has been verified by Payrexx.
Check under Payouts > Adjust Settings to ensure that the currency and bank details provided are correct.
Please note that there is an 8-day delay in payouts. Payments made during the last 8 days of a month will therefore not be paid out in the following month, but in the month after that. For more information on this topic, please refer to the following article:
Payouts to you are generally triggered once a month (on the last day of the month). Due to banking delay days, the money arrives approximately three days later.
Please contact us if you desire weekly or daily payouts due to cash flow requirements or because of a subscription-based business model. If you have been receiving payments via Payrexx for more than 3 months, we can adjust the payout interval accordingly after a successful review.
Please note that all transactions must remain in your merchant account for 8 full days before they can be disbursed.
To accept subscription payments, you need to use a that supports subscription payments. For more information, please refer to the following article:
Yes, MOTO payments are possible with Payrexx. To set them up, you need to use Stripe as the connector. Once you have successfully added , please contact us so that we can manually set up the MOTO payments for you.
Another option for receiving physical payments is .
Due to 's regulations, this payment method cannot be displayed within an iFrame or a modal window.
Check if you have any open (open disputes always result in a payout freeze).
If everything appears to be in order and you still have not received any payouts, please contact us via a .
Payrexx has no control over the payout schedules of other . Please refer directly to the website and/or your account of the respective payment provider for information.
