NETBANX adds Paypal as payment option
September 30 2009 - 1:02AM
RNS Non-Regulatory
TIDMNEO
Neovia Financial PLC
30 September 2009
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NEOVIA Financial Plc
NEOVIA's NETBANX partners with PayPal to deliver opportunities for increases in
sales for merchants
NEOVIA merchant Readyparcels goes live with new offering
Wednesday, 30 September 2009 - NEOVIA Financial Plc (LSE: NEO), the independent
global online payments business, and PayPal, one of the leading online payment
systems, today announced a partnership which allows NEOVIA's NETBANX merchants
to now offer PayPal as an additional payment method to their customers. In
making PayPal functionality available through the NETBANX Payment Gateway,
NEOVIA is providing its merchants with the ability to drive incremental sales*
with PayPal.
NEOVIA's NETBANX Payment Gateway 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 NEOVIA's NETBANX
payments gateway, 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. With PayPal,
merchants can sell their goods to tens of millions of online shoppers that
prefer PayPal**, which can lead to an increase in sales*.
Dan Starr, EVP Sales Marketing & Products at NEOVIA comments: "We are pleased to
be able to add PayPal to the range of payment options available to our merchants
via our NETBANX Payments Gateway, 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 leading NETBANX Unified PayPage checkout technology."
Cameron McLean, General Manager Merchant Services at PayPal comments: "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."
# # #
For further information contact:
NEOVIA Financial Plc
Andrew Gilchrist, VP Communications + 44 (0) 1624 698 713
Email:investorrelations@neovia.com
Twitter: https://twitter.com/neovia
Media Relations
Nick Daines / Sheelagh Connelly, Lumen PR
Tel: +44 (0) 20 7617 7019
Email: neovia@lumenpr.com
About the partnership
Existing NETBANX merchants will be able to sign up to this service free of
charge. PayPal does not charge any monthly fees or set up costs, just the
standard PayPal transaction fee applies when a payment is received. New NETBANX
customers will be able to benefit from the PayPal payment option when they sign
up for a NETBANX account as part of the standard NETBANX services offered to new
merchants.
About PayPal
PayPal is a safer, easier way to pay and get paid online. The service allows
users to pay in any way they prefer, including through credit cards, bank
accounts or account balances, without sharing financial information. With more
than 175 million accounts in 190 markets and 19 currencies around the world,
PayPal enables global ecommerce.
PayPal Europe S.àr.l. et Cie S.C.A. is a Luxembourg-based limited liability
partnership, which is regulated by the Commission de Surveillance du Secteur
Financier in Luxembourg. PayPal Inc is the ultimate parent of PayPal Europe
S.àr.l. et Cie S.C.A. and is 100% owned by eBay Inc. PayPal Inc was set up in
the US in December 1998 and acquired by eBay Inc in 2002.More information about
the company can be found at http://www.paypal.co.uk or
http://www.paypal-press.co.uk
* PayPal can increase sales by an average 14% by delivering greater shopping
convenience. Based on a Q2 2008 PayPal survey of over 1300 consumers who made a
purchase using PayPal.
** According to independent Forrester research (Feb 2007) 23% of European online
shoppers prefer paying with PayPal.
About NEOVIA Financial
Trusted by consumers and merchants in over 160 countries to move and manage
billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc)
operates the world's leading independent online payments business. Through the
NEOVIA Payment Suite(TM), featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM)
brands, NEOVIA Financial specialises in providing innovative and instant payment
services where money transfer is difficult or risky due to identity, trust,
currency exchange, or distance. Being independent has allowed the company to
support thousands of retailers and merchants in many geographies and across
multiple industries.
NEOVIA Financial Plc quoted on the London Stock Exchange's AIM market, with a
ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the
Financial Services Authority (FSA) to operate as a regulated e-money issuer. For
more information about NEOVIA Financial visit www.neovia.com or NEOVIA Financial
visit www.neovia.com or subscribe at http://www.neovia.com/feeds/
This information is provided by RNS
The company news service from the London Stock Exchange
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