Strategic agreement with BitPay gives NETELLER merchants ability
to grow globally
LONDON, MONTREAL and NEW
YORK, March 25, 2015
/PRNewswire/ - Optimal Payments Plc (LSE AIM: OPAY), a leading
global online payment solutions provider, now allows customers to
use Bitcoin to top up their NETELLER® accounts. This announcement
follows the entering into of an agreement between Optimal Payments
and BitPay Inc., one of the world's largest Bitcoin payment
providers and processors, and makes Optimal Payments one of the
first major financial institutions to facilitate digital currency
transactions on a global scale.
Through Optimal Payments' agreement with BitPay, NETELLER
customers will now be able to top up their accounts by exchanging
Bitcoin into one of the currencies offered by NETELLER.
"NETELLER already provides merchants and customers a broad and
diverse set of online payment options and the addition of Bitcoin
gives them another valuable payment method to help convert more
transactions" said Joel Leonoff,
president and CEO, Optimal Payments. "We recognise the important
role that crypto-currencies play in the future of payments and we
look forward to working with BitPay as the acceptance rate
grows."
BitPay's processing offering mitigates the risk of Bitcoin price
volatility by allowing the merchant to accept Bitcoins and
immediately convert them to the currency of choice. Since BitPay
works across multiple currencies, it is a suitable payment option
for those who sell their products and services throughout the
world. Merchants have the ability to accept Bitcoins with numerous
open source plugins and hosted solutions. Bitcoin is a payment
solution that not only saves money in transaction fees by being
digital, but also saves time when compared to other payment
options that require the manual input of information in order to
complete a transaction. BitPay helps make accepting Bitcoin
payments easy and services over 140 different countries.
"Bitcoin's popularity is growing rapidly and has established
itself as the most secure, most widely accepted digital currency"
said Sonny Singh, chief operating
officer, BitPay Inc. "This relationship with Optimal Payments will
help us to drive merchant acceptance on a global scale."
For over a decade, the NETELLER stored value service has
provided businesses and individuals with a fast, simple and secure
way to move money online. As one of the world's largest independent
money transfer businesses, it processes billions of dollars' worth
of transactions each year. NETELLER is constantly seeking ways to
enhance its services to merchants and help them expand their
businesses globally.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment
solutions, trusted by businesses and consumers in over 200
countries and territories to move and manage billions of dollars
each year. Merchants use the NETBANX® platform and services to
simplify how they accept credit and debit card, direct-from-bank,
and alternative and local payments; and the NETELLER® service to
increase revenues and capture new customers. Consumers use the
multilingual and multicurrency NETELLER and Net+® Card stored-value
offering to make secure and convenient payments. In addition,
Optimal Payments Card Services, another division of Optimal
Payments, provides innovative prepaid products and services to
merchants. Optimal Payments Plc is quoted on the London Stock
Exchange's AIM, with a ticker symbol of OPAY. Subsidiary company
Optimal Payments Ltd is authorized and regulated as an e-money
issuer by the UK's Financial Conduct Authority (FRN: 900015).
For more information on Optimal Payments
visit www.optimalpayments.com or subscribe
at http://www.optimalpayments.com/media/email-alerts.
About BitPay Inc.
BitPay is the global leader in bitcoin payment processing with
offices throughout North America,
Europe, and South America. The company has raised over
$32 million from top investors
including Index Ventures, Founders Fund, and Sir Richard Branson.
For more information on the company and its services, please
visit www.bitpay.com.
SOURCE Optimal Payments Plc