NETBANX - PAYPAL COLLABORATION

2 October 2009

Neovia's Netbanx and PayPal combine to offer more facilities 
 

The UK online payments group Neovia Financials plc has partnered with e-cash services group PayPal in an agreement which will increase the facilities available to users and create more business opportunities for merchants.

Neovia's Netbanx subsidiary can now offer PayPal as an additional payment method to its customers, making PayPal functionality available through the Netbanx Payment Gateway. This allows merchants to accept payment via Visa, Maestro, Diners, American Express, Carte Bleue, Carta Si and JCB debit or credit cards in virtually any currency worldwide.

The service also supports the major popular non-card local payment types such as Giropay, ELV, DirectPay24, Ukash, iDeal, NETELLER, direct bank payments, and now PayPal.

A number of merchants have already gone live with PayPal via Netbanx, including Readyparcels.com, the online parcel delivery service which uses its purchasing power to give heavy discounts to individuals and small businesses.

With over 20 million accounts in the UK alone, PayPal allows consumers to shop online without sharing their financial details. More than 150 000 merchants across Europe already accept PayPal, including leading UK e-commerce sites such as Boots, Topshop, Just Giving, New Look and eBay.

PayPal also supports payments for Monarch Airways with a payment solution for flight bookings.

Dan Starr, EVP Sales Marketing & Products at Neovia Financials says: “We are pleased to be able to add PayPal to the range of payment options available to our merchants, giving their customers more choice in how they want to purchase goods online. The PayPal option is fully integrated within Netbanx, meaning that there is no integration required for merchants who have already migrated to our Netbanx Unified PayPage checkout technology.”

Cameron McLean, General Manager Merchant Services at PayPal commented: “We are delighted to have signed this strategic partnership with Netbanx – one of the leading market payment service providers. Netbanx has a great merchant portfolio and this partnership offers PayPal an excellent way to reach this significant audience. Netbanx provides secure online credit card and debit card payment solutions and with PayPal its customers can keep their financial details secure and choose whether to fund the transaction either from a bank account or from a credit card.”

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