Resumen
PayRex is a payment gateway and payment services provider operating in the Philippines. The service targets companies that need to collect payments from customers inside the country.
What a payment gateway does
A gateway is the technical link between a merchant's website or app and the banks and payment schemes. The buyer enters details or picks a payment option, the gateway passes the transaction on for processing and returns the result to the merchant. For a business this means one contract and one integration instead of separate connections to each bank.
Market
The service works in the Philippines, a country with fast-growing e-commerce and a large share of purchases made on smartphones. A local provider usually knows the payment options customers are used to and the local requirements for sellers.
What to ask during onboarding
The list of payment methods, fees, settlement timing and document requirements are not given in the description. Request them when you apply, together with questions about integration: API, hosted payment page or plugins for online stores.
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