Abstract
payolution is an online payment company that primarily offers purchase on account and purchase on installments as a white-label means of payment to e-commerce merchants. payolution assumes the risk of non-payment and pays the merchant after the agreed period, regardless of the consumer's payment history. With the introduction of these payment methods, retailers can significantly increase their conversion rate and sales. payolution's innovative real-time risk assessment is continuously being improved. Since payolution has been part of Skrill (formerly known as Moneybookers) since August 2011, it can now offer more options to merchants.
Founder's Profile
Stefan Kalteis was, among other projects, co-founder and CEO of 123people, one of the world's leading people search engines. Prior to his repeated entrepreneurial experiences, he was at Target Partners, a venture capital firm in Munich. Stefan is currently CEO at payolution.
Michael Altrichter was co-founder and board member of paysafecard, Europe's leading electronic pre-paid payment provider. paysafecard was founded in 2000 and was the first online payment method in Europe to be approved by banking law. Michael is currently CSO at payolution.
Products
payolution offers the payment methods "purchase on account" and "purchase on installments" as well as payment risk management, all of which can be adapted to the needs of a merchant.
