collana hive GmbH

Name of the product or service

collana pay

Votes: 44

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Product or service description

collana pay is a platform for the central administration of all online payments. E-commerce companies can set up and manage various payment methods from different providers (payment service providers) through a single integration to simplify their payment management.

Once collana pay is implemented in both the shop and ERP system, you will benefit from the PSPs and payment methods already integrated into the collana pay platform. The uniform communication with the collana pay API, regardless of the PSPs used, ensures radical simplification when implementing new PSPs and payment types. This simplification extends to troubleshooting as well, since collana pay consolidates the various error codes and texts from different Payment Service Providers and uniformly presents them to consuming systems such as webshops.

Distinction from the competition

Competitive advantages through flexibility and fast go-to-market Changing or expanding the payment service providers (PSPs) and payment methods. E-commerce merchants save a great amount of time and manpower without having to make complex and time-consuming adjustments to the respective connected systems.

In addition, the wide range of available PSPs help you to conquer new countries with the best payment methods. Local PSPs can be more cost-effective than some global PSPs or offer additional services at similar costs.

Relief for the IT department: With collana pay as the only interface to the respective PSPs, the burden on the IT department is significantly reduced for merchants. Instead of individual projects to connect each payment service provider (PSP) or new payment methods, collana pay completely eliminates this effort. The need for regular maintenance of the interfaces is also eliminated, as collana pay offers a central interface for all PSPs. This means that IT resources can be used more efficiently as they no longer have to deal with the management and maintenance of multiple individual connections.

Multi-PSP strategy to reduce payment default risks collana pay significantly reduces the risk of payment provider failure by using different PSPs in parallel.

Product or service innovations

The new feature "Pay by Link" can be used to start a payment in Business Central and and send the payment link to the customer via email. After a successful payment the sales order can be used as usual.

Customer case study

https://collanahive.com/en/featured-en/full-speed-ahead-for-smooth-payment-processing-customer-success-story-df-automotive/


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