Electronic Payments

PayPal is offered automatically to all merchants using PayPoint.net’s gateway service, as an additional payment option which they can turn on or off as required. Tight integration with PayPoint.net’s reporting tools will enable merchants to view PayPal transactions alongside other payment types.

PayPoint.net operates an enterprise class payment solution which is used by leading brands and start-ups alike. PayPoint.net offers organisations a fast start to trading online, supported by powerful fraud management capabilities and leading-edge security features.

Michael Norton, Managing Director of PayPoint.net, comments: “This partnership marks a significant milestone in the services that we offer and demonstrates our overriding commitment to respond to the needs of our merchants. The benefits are compelling for the merchant; including flexibility and improved customer service, as merchants pass on a richer range of payment choices to their customers. The simplicity of setting up the service is also very attractive as no development is required and no extra costs involved.”

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About the partnership

Existing PayPoint.net merchants will be able to sign up to this service free of charge. New PayPoint.net customers will be able to benefit from the PayPal payment option when they sign up for a PayPoint.net account as part of the standard Small Business Service offered to merchants at only 10 per month.

About PayPoint.net

PayPoint.net is a leading bank-independent online payment service provider which operates one of the most comprehensive, secure and reliable payment platforms in the UK. The product of the merger of specialist providers Metacharge and SECPay, PayPoint.net offers organisations of every size a fast start to trading online, supported by powerful fraud management capabilities and leading-edge security features.

PayPoint.net is a wholly owned subsidiary of PayPoint plc, the leading cash and internet payments company in the UK, with operations in Ireland and Romania. The PayPoint branded retail network numbers over 21,500 terminals located in local shops and is used primarily for the cash payment of bills and services, plus prepayments for mobile telephones and energy meters. PayPoint handles in excess of £8 billion from over 515 million transactions annually for more than 6,000 clients and merchants.

For further information please visit www.paypoint.net

About PayPal

PayPal is a safer, easier way to pay and get paid online. The service allows anyone 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