Credorax Bank Ltd

Learn all about Credorax Bank Ltd, Banks in Valletta, - Malta

Online merchants are required to choose a licensed payment solution service to process the payments from their online stores. A payment solution service (PSP) is essentially a third party that facilitates online payments by combining various methods such as credit card, direct transfer, and online bank transfer. Payment solution companies help merchants mainstream their payment methods by removing their dependence on financial institutions to manage their transactions.


Credorax Bank Ltd, founded in 2007, has been at the forefront of payment solution services since its creation. Essentially, Credorax Bank Ltd connects a business (or a business' clients) to acquiring banks and removes the need for multiple payment management systems. An acquiring bank processes credit card and debit card transactions and is a necessity for merchants that want to accept credit cards in their online shops. Our bespoke payment solution services provides mediation between a merchant and a licensed acquiring bank and ultimately Read Morehandles the payment reports and financial statements.


One of the major benefits of choosing our payment solution services is the ability to receive payments from buyers in currencies other than the one used by the merchant. Through Credorax Bank Ltd, foreign currencies are automatically converted to the merchant's currency of choice and the converted amount is automatically deposited. Before the regulated use of payment solution services, accepting foreign currencies without any delay was a nearly impossible task.


In addition to offering payment solution services, Credorax Bank Ltd also assists clients with currency management, eCommerce, and approval rate optimisation. Why is approval rate optimisation important? When merchants and users can apply and become approved quickly, a greater number of purchases can be made in a shorter length of time. Whether you are a single merchant or a company offering multiple accounts, Credorax Bank Ltd provides extensive support in all aspects of online financial management.