Traxpay Brings Trusted Trade and Worry-free B2B Transactions with New Conditional Payments Application
Mountain View, California / Cologne, Germany – Traxpay, a pioneer in business-to-business (B2B) real-time financial transactions, today announced the launch of Traxpay Conditional Payments, a new application on their real-time B2B financial transactions platform. By offering Traxpay as a breakthrough method of payment for commercial transactions, B2B digital marketplaces can generate additional revenue streams, attract new customers and provide their membership base with a unique service for faster, safer, smarter trade. This patent-pending platform extension provides both buyers and sellers with fraud protection and the ability to initiate, manage, and settle B2B transactions faster and at a fraction of the cost of other methods.
Recognizing that risk of fraud and lack of trust represent two of the most daunting challenges for B2B companies doing business online, Traxpay has extended the range of unique real-time, anytime, anywhere features on its financial transactions platform to address these issues head-on. With the new Traxpay Conditional Payments, and its simple integration to online check-out via a robust set of application programming interface (API) libraries, B2B marketplaces can offer their communities new value-added services, a safer online trading environment, increased conversion rates, and improved customer satisfaction.
Using Traxpay Conditional Payments, buyers get protection for every transaction, and can be sure that goods will be delivered as expected and faster, because sellers can confirm in real-time that the funds for payment are available and can ship goods immediately. In addition, buyers can receive and inspect goods before releasing payment. Sellers, on the other hand, have complete assurance that they will be paid on time and according to the agreement, and without the risk of losses or payment fraud. Upon purchase completion, sellers automatically receive notification that the buyer’s funds are available. Traxpay’s bank-grade private data center (see IBM Partner Case Study) further ensures that all funds are completely secure and more highly safeguarded than with any bank.
“Today’s electronic payment methods are prone to abuse and fraud, and were not designed for the unique needs of B2B transactions where data aggregation, business process workflows, predictability and control are paramount”, said Traxpay’s CEO John Bruggeman. “B2B trade is in the midst of a massive shift to e-commerce, and the vast majority of today’s $300 Trillion in commercial transactions will be conducted online in the next 3-5 years. As companies make this transition, we are positioned to offer them a superior method of payment that was built specifically for their needs, and with Conditional Payments, their ability to do business online, faster, safer, and smarter is ensured.”
Traxpay provides the world’s first and only B2B financial transactions platform capable of executing payments and final settlement in real-time, anytime, anywhere, and with complete safety and security. Traxpay customers include digital marketplaces, corporations, and settlement networks who value the security, speed, and savings the platform, and its many features, provide. Traxpay solutions were built to address the needs of modern B2B commerce and accelerate business across the supply chain. The company is privately held and is headquartered in Mountain View, California, with operations in Frankfurt and Cologne, Germany.
Traxpay Media Contact:
Sandra Iris Eilenstein
ITPR Information-Travels Public Relations
T. +49 (89) 89 86 87 20