A marketplace for new and used luxury watches
With PAYLAX we establish the most secure payment method worldwide
We believe that existing online payment methods do not offer sufficient protection against fraud.
PAYLAX combines the trust procedure known from lawyers and notaries with digital technologies. This enables us to set new standards in payment transactions for secure trading - fair, cost-effective, fast.
- > 217 Mio. €
- > 164 Mio. $
- > 52 Mio. £
Volume of digital escrow payments in 2020
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The founders Felix Hagspiel and Thomas Niemann
Why did we found PAYLAX?
Fraud in online commerce is a growing problem and causes billions of dollars of damage every year. Existing online payment methods usually focus on fast processing, but do not offer sufficient protection for both buyers and sellers. A secure alternative is to use a lawyer and his escrow account, but this is time-consuming and cumbersome.
In order to provide everyone with access to secure escrow payments, Thomas Niemann and Felix Hagspiel launched PAYLAX in 2015. At that time, PAYLAX was conceived as a pure end customer project for digital euro payments in Germany and Europe. Today, we process trust payments in 119 countries and 6 currencies - for private customers as well as for companies and platforms.
PAYLAX can not only be used by end customers - with our flexible business solutions, PAYLAX can also be easily integrated into platforms such as marketplaces and online shops.