An Etymological Dictionary of the German Language/preisen
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preisen, vb., ‘to praise, commend,’ from MidHG. prîsen, wk. vb., ‘to assign the prize, praise, extol’ (in the 15th cent. it passed over to the str. vbs.); formed from Fr. priser, ‘to value, estimate’ (comp. Ital. prezzare, MidLat. prĕtiare), whence Du. prijzen, E. to praise. With regard to the period at which the word was borrowed comp. Preis.