Paymentech to Offer PayPal in 2005

Wednesday 1 December 2004 20:45 CET | News

Paymentech will offer PayPals online payment service to its merchant customers in early 2005. With this agreement, Paymentech now gives Internet merchants a full range of payment options, including popular forms of payments such as electronic checking and gift cards in addition to PayPal.

Paymentech, which processes more than half of all Internet transactions, is the first merchant acquirer to resell and fully integrate PayPals online payment service onto its proprietary processing platform. The new arrangement will give online merchants access to a consolidated settlement and financial reporting system but will not require a large capital outlay or new processing infrastructure. By offering PayPal, Paymentech provides merchants one-stop-shop access to any payment method they choose to offer. Merchants who add PayPal through Paymentech will find that its easy to integrate, cost-effective and opens the door to millions of online shoppers around the world. Paymentech will offer PayPal to existing customers as well as potential new merchant customers beginning in early 2005.

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Categories: Payments & Commerce | Payments General
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Payments & Commerce


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