TWINT Pay later
In this article you will learn how TWINT Pay Later works as a new payment function of TWINT and how you can activate this function as a Payrexx merchant.
The new TWINT payment function "Pay Later" allows TWINT users to decide for themselves in the checkout whether they want to pay for their purchase now or within 30 days. The new BNPL (Buy Now Pay Later) payment solution is an alternative to the classic purchase on account and is completely digital.
Payment procedure with TWINT Pay later
Your customer starts a payment, selects TWINT as the payment method and is redirected to the TWINT app. Once there, the options "Pay now" and "Pay later" are available. After logging in to the credit partner, the customer is taken to the payment overview and after confirmation, the purchase is completed.
As a merchant, you can recognise a paid transaction in the Payrexx Merchant Administration under Payments > Transactions.
Setup with Payrexx
Make sure you are registered with Payrexx before you start. No account with us yet? - Click here to register.
To apply for TWINT Pay Later, Payrexx Swiss Collecting must be set up and TWINT must be activated as a payment method.
Step 1 - Activate TWINT in Payrexx Swiss Collecting
In Payment Provider > Payrexx Swiss Collecting > Configure you can activate TWINT as a payment method.
Step 2 - Apply for TWINT Pay Later
The "Pay Later" payment function can be requested via the registration form on our website.
As soon as your request has been reviewed by our onboarding team and TWINT, you will receive a confirmation email from us.
The activation of TWINT Pay Later can take 3-7 working days.
The payment method TWINT Pay Later is now active for your customers.
FAQ
What transaction fees apply to me as a merchant?
The transaction fee for TWINT pay later is 2.30%.
Are there any amount limits for customers?
The upper amount limit may vary and is a maximum of CHF 1000 for individual transactions and a maximum of CHF 5000 per year. When paying for purchases made using the "Pay later" function, the usual limits of the respective TWINT app also apply. These may vary depending on the version - TWINT Prepaid or different issuing banks. The lower amount limit is usually CHF 10, but this can vary.
Do I have to specify "Pay later" with TWINT as an additional payment option in my online shop?
You do not have to make any changes in your webshop to offer this function. Your customers decide directly when paying in the TWINT app whether the transaction is paid immediately or later.
Will all customers be able to use the "Pay later" function in the TWINT app?
The option to pay later will be offered to all TWINT users in the app, provided they are of age and reside in Switzerland. Further conditions may be determined by the respective TWINT app publishers. The partner company Swissbilling also carries out further checks, in particular a credit check.
As a merchant, how can I deactivate pay later with TWINT or cancel the contract?
Please send us a request via the form or send us a ticket.
Will the money from TWINT Pay Later transactions be paid out as usual?
Even if you offer the option of paying later, you will receive your money. Depending on the set payment rhythm, usually with your weekly or monthly Payrexx payment.
Who assumes the default risk (if the customer does not pay)?
The default risk is assumed by the credit partner Swissbilling. This means that if the customer does not pay, this is the risk of Swissbilling. The customer is then reminded and, in an emergency, also sent a dunning letter. For you as a merchant, the function is therefore very secure and risk-free. As soon as your customers make a purchase via TWINT Pay Later, the transaction is considered confirmed and you receive the money from Payrexx as usual.
For more information on TWINT Pay Later, please visit the TWINT page.
Merchant categories not approved for TWINT Pay Later
TWINT and Swissbilling have blocked some merchant categories for the payment method TWINT Pay Later. The following list shows the merchant categories and the MCC (Merchant Category Code) with which TWINT Pay Later is not possible.
| Category | MCC range | Category | MCC range |
|---|---|---|---|
Airlines | 3000 - 3299 | Diverse Services | 7273 - 7280, 7297, 7321, 7322 |
Car rentals | 3351 - 3441, 7512 - 7523 | Software, data processing | 7372, 7375 |
Hotels/ Lodging | 3501 - 3897 | Security companies | 7393 |
Transport services | 4011, 4112, 4214, 4411, 4457, 4511, 4722 - 4761, 4789, 4813 - 4900 | Casinos & Gambling Parlors | 7993 - 7995 |
Insurance services | 5960, 5962, 5963 | Fines | 9222 - 9311 |
Financial Services | 6010 - 7012 | Digital goods | 5815 - 5818, 9411, 9950 |
Directmarketing | 5964 - 5972 | Precious Metals and Stones | 5094 |
Political +religious organisations | 8398, 8399, 8641, 8651, 8661 | Courts and Government services | 9211, 9399, 9401, 9405 |
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