Low Risk Guaranteed Payments
PostFinance was developed by the Swiss Post to make it easier for their 8 million customers to pay online for products and services.
The convenient and secure payment method is free of charge to all PostFinance users. Transactions are performed by the consumer within
their own banking environment and takes only a few simple steps.
Upon purchase, the funds are instantly debited from the consumer’s bank account and the transaction cannot be reversed or charged back. PostFinance is available to all consumers who are customers of the Swiss Post, and those who already have online banking can start using PostFinance right away, as they do not have to register separately for the service.
PostFinance transactions are in real-time and limit the risk for merchants. As part of the payment process, the consumer is specifically requested to authorise the payment, and the payment cannot be cancelled once they have clicked the payment authorisation button.
Such a high Internet penetration rate is not only supported by PostFinance’s proven and successful history, but also because consumers do not need a credit card, which is an added benefit for merchants as they can accept payments that are guaranteed by the bank.
How PostFinance Works
Upon purchase, the consumer logs into their own online bank and authorizes the payment. The funds are then directly debited from their bank account in real-time and the merchant will receive an immediate payment confirmation.