Company Database - Credorax

Smart Payments

Credorax is a smart payments provider and fully licensed bank providing cross-border payments processing for ecommerce and omnichannel merchants. Our gateway technology, SourceTM, has been developed in-house to provide a streamlined experience so smart and secure, that merchants can reach their full business potential simply by better managing their payments. Credorax merchants can accept more than a hundred cards and local payment methods and get paid in their currency of choice. Our merchants also enjoy best-in-class approval rate optimisation, advanced anti-fraud protection, business intelligence, and a host of other value-added services and products adding up to a payments experience unlike any other. To learn more, contact us at grow@credorax.com or visit www.credorax.com.

PAYMENT METHODS
Credit cards
Visa, Mastercard, American Express, Carte Bancaire, JCB, Diners, Discover, UnionPay

Debit cards
Visa debit cards, Visa Electron, Mastercard debit cards, Maestro, Bancontact, UnionPay, Carte Bancaire, Chinese debit cards

Pre-paid cards
A variety of pre-paid cards, including Astropay card, Paysafecard, and more

Online banking
iDEAL, Sofort, Blik, EPS, Giropay, Klarna, MyBank, Multibanco, Poli, P24, Trustly, ITAU, BBVA, Santander, CAIXA, Banco do Brasil, Banorte, and more

E-wallet
PayPal, Alipay, WeChat Pay, Paysera, Qiwi, Skrill, VTC Pay, Zimpler, and more

Mobile / SMS / IVR
Credorax PayByLink allows merchants to generate and send shoppers a unique link to a secure payment page dedicated for their own transaction. Links can be sent via a text message, email, or embedded in personalised communication such as invoice or marketing publications. Shoppers who may be reluctant to provide their payments details over the phone get a more secure and more trusted experience.

Alternative payment methods
In addtion to the various payment methods mentioned above, Credorax supports 150+ local and alterntive payment methods. Contact grow@credorax.com to learn more.

Offline
With an omnichannel payments platform, Credorax supports a variety of online and offline payment options, including:
- Cash-based payment methods such as Boleto, OXXO;
- MoTo solutions;
- Attended and unattended POS solutions;
- Public transport and ticketing solutions – and more.

Connected companies
Credorax’s unified and seamless payments platform allows for quick and easy integration of merchants, gateways, PSPs, payment facilitators, payment processors, and banking service providers. Easy to implement API allows for transaction processing, data retrieval, fraud protection, chargeback management, and more.

Companies PSP is connected to
Contact grow@credorax.com for detailed information.

Settlement currencies (acquirers)
EUR, GBP, USD, CAD, CHF, JPY, AUD, HKD, SEK, DKK, NOK, NZD, PLN, TRY, CZK, SGD, ZAR

SERVICES
Unique selling points
Credorax takes pride in its customer centric approach and dedicated customer service. We work closely with our merchants to build payment processing systems that flexibly integrate with their systems and processes to meet their business needs. This includes customisation, approval rate optimisation, worldwide connectivity, tailored banking service, and an uptime all the time architecure that ensures your payments are always available.

Core services
Payment gateway, merchant aqcuiring, banking services, alternative payment methods, fraud prevention, hosted payment pages, business intelligence and data, Smart 3-D Secure, currency management, chargeback management, token management, integration to shopping carts and ecommerce platforms, PayByLink, digital onboarding, reconciliation

Pricing
For current pricing, contact us at grow@credorax.com

Collecting payments
For more information, contact us at grow@credorax.com

Distributing payments
Yes

Fraud prevention (measures)
- Machine learning-based real-time fraud assessment service with an additional rules management engine for fast decision making and protection. Credorax’s solution provides an accurate fraud prevention with minimal false-positives that protects your conversion and revenue.
- Smart 3-D Secure for shopper authentication covering all supported 3-D Secure protocols, and a smart decision engine that optimises the use of 3-D Secure for maximum protection and minimal shopper abandonment.
- Additional fraud prevention measures include: IP geolocation, multi-merchant purchase history, global validation checks, Verified by Visa, Mastercard SecureCode, velocity checks, data validation, geographical checking, parameter format checking, transaction limit checking, risk scoring, black/white listing, IP whitelisting, hashed signature validation.

Fraud prevention partners
Feedzai, Netcetra

Other services
- Approval rate optimisation – closely monitoring your transaction processing, to optimise it for maximum business results;
- Data API – flexible and seamless integration to Credorax data services allows you to easily connect your systems and retrieve your data;
- Token engine – store your shoppers’ details securely and allow quick checkouts and recurring transactions;
- Account updater – keep your shoppers’ details up to date and ensure smooth checkout with automatically updated expiration dates, lost cards, and changing accounts;
- PayByLink – send your shoppers a link to a secure and unique payment page for quick and simple payment collection via text message, email, chat, or on your invoices;
- Shopping carts and ecommerce platform plugins – for easy integration to Credorax’s services.

TECHNOLOGY
Direct connections
Yes

Batch processing
Yes

Per order processing
Yes

Merchant pages (direct model)
Yes

PSP pages (redirect model)
Yes

Interface
RESTful API; SFTP; Customer web portal; SOAP-based API

Security
PCI-DSS Level 1, PCI-PTS(PCI-PIN), PCI-3DS, GDPR, HPP-HTTPS, Gateway-TLS1.2, SWIFT