Paymill GMBH Secures New Funding Round

PAYMILL GMBH, an innovative payment service provider, has secured a new funding round from Blumberg Capital. This investment enables the Munich-based company to strengthen its position in Europe, where it is already active with 34 countries.

PAYMILL collects, processes and uses personal data only insofar as required by law or with your consent. This includes ensuring a high level of security and protecting your rights and freedoms.

Payments

Paymill GMBH is a German payments service provider that enables online stores and services to integrate common payment methods into their platform. Their main focus is on online card payments.

With Paymill, merchants can offer their customers an easy and secure payment experience without having to change their website or their bank account. Moreover, it is possible to comply with all the PCI-DSS requirements while doing so, which is not an easy feat for many merchants.

To protect data from third parties, we use highly-secured technical and organisational measures. These measures include a firewall, encryption, access control and other measures.

Our security policy is compliant with the strictest standards of PCI DSS and we are a member of the Payment Card Industry Data Security Standard (PCI DSS). We ensure that your business data is secured against unauthorized access, loss, theft and tampering.

You can trust us: We’re a fully-fledged EU payment service provider, which means we meet all the PCI DSS requirements and are certified according to PCI-DSS.

Besides offering a safe and secure checkout process, we also provide you with an extensive administration tool and help you to increase your conversion rates. Our scalable and secure solutions are suitable for all size businesses and come with a flexible integration.

As a merchant, you can easily integrate PayPal Checkout into your website using our REST API. It is a very simple and fast process that can be activated within a few days only.

We support the most important card brands such as MasterCard, VISA, American Express, Diner’s Club and Maestro. We also support Mobile SDKs for iOS and Android.

Our scalable and secure payments solution allows you to accept payments in more than 100 currencies and is available for online stores and service providers worldwide. Moreover, our developer-friendly REST API can be flexibly integrated into your own website.

With our bespoke integrations, you can even make use of the Paymill Payment Form for easier compliance with PCI-DSS requirements. In addition, you can rely on our customer support to answer any questions you may have about our payments service.

Accounts

Despite a sterling reputation as a high-tech company, Paymill GMBH stumbled upon the dust. Having launched its online payment service with a whack of cash and a lick of paint, it went down in flames in the blink of an eye thanks to poor marketing and a lack of a bank licence. The resulting loss of confidence led to a tumultuous period of litigation and a precipitous drop in revenue. In the end, management had to make 18 of its 65 employees redundant in the process.

Luckily, it was not too hard to find a good lawyer in the area who was happy to put his hand on the till. Thankfully, the lawyers at anchor Rechtsanwalte and their client came up with a clever plan to save the day. With the help of a few well-positioned partners, they were able to salvage the business operations of Paymill GMBH and make it a success for their client – and their creditors. A few months later, the business is back to normal. The aforementioned team of renegades is still awestruck by the results.

Billing

Paymill GMBH, founded in June 2012 in Munich, Germany, provides an online payment gateway to facilitate the implementation of credit card and other payment methods into a customer’s website or mobile app. The system is easy to use and comes with a number of features such as a simple API, fast onboarding and transparent pricing.

The company also offers a service that allows merchants to retain customer card information when they update it in their account. This is especially helpful for recurring transactions, where the customer might not want to remember their credit card number or expiration date each time they make a purchase.

One of the best parts of this feature is that it is scalable, so that a merchant can implement it in multiple locations, with the same functionality and same level of security. This is a good idea for any business, but especially if you’re running a small e-commerce business, as it can save you money in the long run.

In addition, the company uses a number of technological feats to facilitate the process, including the ability to process credit cards in several different currencies. This is a useful feature for merchants that offer a number of international markets, as it can be used to increase the amount of revenue the company makes from each transaction.

As with any new business venture, it is important to shop around before committing to a new payment provider. We recommend looking for a reliable merchant services provider that is able to meet your specific needs.

Security

Paymill is a payment service provider that offers a wide range of features. The service is used by more than 35,000 businesses and online shops from 34 countries.

The service enables businesses to accept credit card and PayPal payments through their websites or mobile applications, without the need for third-party software. It offers secure, scalable and integrated solutions that can easily scale to accommodate international markets and customer growth.

Moreover, it is PCI-DSS (Payment Card Industry Data Security Standard) Level 2 compliant, which means that it has a strong compliance process in place to protect sensitive cardholder information. This enables business owners to offer their customers a convenient and safe online payment experience, boosting their conversion rates.

You can find more information about the company and its services on its website. Alternatively, you can contact the company’s customer support team via email or by phone.

As with any company that processes personal data, Paymill GMBH adheres to the German Federal Data Protection Act. This law states that the use of personal data is allowed if it is necessary to protect a legitimate interest or if you have consented to the processing. You can revoke your consent to the processing of your personal data at any time.

In addition, PAYMILL complies with the European General Data Protection Regulation (GDPR). This law requires that all personal data be processed in line with strict legal rules and regulations.

When you enter your data, it is stored on a server operated by PAYMILL GMBH in Germany. This data is protected with SSL certificates and is accessible only to those who have permission to view it.

By entering your data, you agree to the storage and processing of this data by PAYMILL GMBH in accordance with the terms and conditions of the contract for the provision of payment services. In case of a breach of this contract, you can contact the company’s customer service to report it.

You may at any time revoke your consent to the processing of the personal data by email or by letter. This revocation will not have any effect on the processing of data already conducted.