Clearhaus is a revolutionary payment processor based in Denmark, that delivers state-of-the-art technology in its activity. Based in 2011, a merchant acquirer started specializing in payment solutions for legal entities throughout Europe. The company’s approach is centered around technology and customer satisfaction.
Its goal is to provide the most efficient method to accept online and mobile payments for companies, continually enhancing their technologies and structure. The facility is authorized to operate under the regulation and supervision of the Danish Financial Supervisory Authority.
The history of the company
The Clearhaus team sought to revolutionize the financial sector of online payments and has seen significant growth since its inception. In 2015, the company served its first customer in Denmark and soon captured 10% of the market share. Two years later, it doubled its market share in the country. Following the success in the domestic market, the company decided to expand its operations and serve foreign customers as well. In 2018, Clearhaus opened an office in London, UK. As of this writing, the company has 100 dedicated employees committed to meeting clients’ needs. In 2020, the platform launched its 3D Secure product and celebrated its first POS transaction, marking another milestone.
The highlights of the service
The platform assists web stores in processing online payments, conducted either in desktop or mobile apps. By handling transactions, the company makes online payments faster, easier, and more secure. The official website states that it serves over 33,000 merchants daily, including small start-ups and large multinational corporations.
This company is focused on cutting-edge technologies, offering a variety of cutting-edge features designed for security and automation. The range of payment methods accepted includes major banking systems (such as Mastercard and Visa), GooglePay, ApplePay, and more.
To protect online stores against fraud and comply with PSD2 regulations, this platform provides conditional 3-D Secure. The facility also provides fraud detection services with an automated system that rejects risky cards at no cost.
It is possible to use the custom text on their bank statements, since Clearhaus allows businesses to customize the information that appears on their customers’ bank statements. By using dynamic descriptors, businesses can provide more detailed information about the transaction, which can help customers recognize and remember the purchase, reducing confusion and the likelihood of requesting refunds due to unrecognized transactions. This feature can also save time and money for businesses by reducing the number of refunds they have to process. They also provide various options for businesses to fund their transactions that can be tailored to their specific requirements. This can include different timing and frequency of payments, as well as various settlement currencies to accommodate businesses operating in different regions. By offering this flexibility, Clearhaus can better serve the needs of their clients and help them manage their cash flow more effectively. Users of the service can set up automated transactions for subscription-based payments, ensuring that they are paid on time.
The platform also offers automated account reconciliation, which refers to the process of automatically comparing a company’s financial transactions recorded in their accounting system with the corresponding transactions in their bank or credit card accounts, and identifying any discrepancies or errors. It helps to ensure that the company’s financial records are accurate and up-to-date, and saves time compared to manually reconciling accounts.
In Denmark, this company supports MobilePay, a popular mobile payment service, to increase conversion rates. They also offer global, real-time transactions with push payments directly to Visa Credit and Debit cards through Visa Direct.
The system also uses automated handling of chargeback disputes. When a customer disputes a charge on their account, the facility’s system will automatically review the transaction and determine whether the charge is legitimate or fraudulent. Automated chargeback management helps to streamline the dispute process and reduce the workload of merchants in managing chargeback disputes.
Clearhaus provides competitive pricing for its services. Business cards issued in the country incur a fee of 1.45% per transaction, with a minimum fee of €0.2 per transaction. For other cards, the fee starts at 2.75% per transaction with a minimum of €0.4 per transaction.
How to join the system
If you want to join Clearhaus, you need to fill out a form on their website and follow the detailed instructions provided.