Pensio gives Boozt a one-stop, highly efficient payment solution

Boozt is a full-service e-commerce provider that helps European merchants profit online. Since the company started out in 2009, it has grown rapidly adding new merchants, locations, merchandise and payment options.

This growth has required a payment solution provider that could match their pace and keep their costs down. Pensio lived up to expectations.

Better prices, better service

“We began, and have now chosen to continue, with Pensio because we just don’t think we can get the same prices or the same attention elsewhere, says Allan Junge-Jensen, CFO for Boozt Fashion AB.

“They’ve really stepped up. They’re very proactive. They pay attention to our challenges and solutions, and they negotiate good prices for us. They have a better understanding of the terms and conditions you can achieve with settlement banks.” Junge-Jensen says.

A one-stop service shop

According to Junge-Jensen, even more important than the competitive prices that Pensio gets is the fact that they act as a one-stop service shop.

“For a business like ours that’s expanding and has to deal with multiple currencies, different IDs and various payment options for our customers, it’s critical that we have one service partner who handles it all in an efficient way. Otherwise administration would explode.”

A truly international service provider

Junge-Jensen says that a business can always find local payment providers. “However, if your business takes you across borders --as online business often does,” he says, "then you need a truly international service provider."

For example, Boozt might have had to seek a supplementary payment provider after they began to expand throughout Europe -- but Pensio handles payment options throughout the EU.

In addition to payment options, there are many examples of how Pensio consolidates operations efficiently. They take care of administration with acquiring banks and special payment options on behalf of Boozt.

They also offer a complementary solution via factoring partner, Gothia. The result? Only one system integration for Boozt.

And a smart software solution, too

In addition to all the service help and options, Boozt is also enthusiastic about the actual software solution.

“The interface is quite good; we can see pretty much everything about any given transaction. And the front end is cool because it can be styled so our customers perceive our check-out interface as part of the same business,” Junge-Jensen says.

All things considered, Boozt got a streamlined, cost-effective solution, and a full-service partner that is helping them grow.