Business Editors/Technology Editors
OREM, Utah
--(BUSINESS WIRE)--
--ProPay, a comprehensive provider of simple, safe and affordable merchant payment solutions, today announced further details of its electronic merchant services for
eBay
sellers. As was recently announced by
eBay
, starting in late
eBay
is moving to 100% electronic payments - credit cards, ProPay, or
PayPal
. ProPay?s greatest specialty is in serving the advanced power sellers who accept or who plan to accept credit cards in both
eBay
and off
eBay
transactions.
?We are extremely pleased to be the first alternative payment option that
eBay
has integrated with as a part of their effort to move entirely to paperless transactions,? said
Greg Pesci
, ProPay Executive Vice President of Business Strategy. ?Moving all
eBay
purchases to an electronic method will help expedite the purchase process, and potentially reduce complaints and negative buyer feedback. ProPay is looking forward to providing alternative merchant services to help improve the buying/selling experience. We welcome the opportunity to support the advanced
eBay
power sellers, who we anticipate will benefit most from the comprehensive payment solutions we provide.?
According to
eBay
, items paid for with check or money order are 80 percent more likely to result in an item not received (INR) than those paid with credit card. Also, buyers who pay with check or money order are 50 percent more likely to leave negative feedback than those who pay with electronic methods.
eBay
hopes to reduce these numbers by integrating more electronic payment offerings in order to make the checkout process faster and more reliable for sellers and buyers.
ProPay Accounts and Pricing
eAuction Account
With today?s announcement, ProPay has unveiled the ProPay eAuction Account for eBay Silver power sellers and higher. It will be available from ProPay in late October. It will have a
annual fee (
per month, billed annually at sign up), with a
rebate processing credit offered to sellers who process
or more with ProPay during their first 6 months after signing up. The transaction fees will be very similar to competitors? virtual terminal transaction fees.
ProPay is fully integrated into
eBay
checkout. Buyers do not provide their banking information or log into or sign up for ProPay accounts. Buyers simply enter their credit or debit card information, making their checkout quicker and easier. And many buyers prefer paying with credit cards because of the convenience, broader protection and rewards.
In early 2009, the eAuction account is expected to be available for Bronze power sellers.
eAuction Pro Account
Late this year, ProPay will unveil the eAuction Pro Account for eBay Silver power sellers and higher who sell on
eBay
and need additional, specialized services for processing credit and debit cards in face-to-face and other situations. This account will add processing options such as ProPay?s:
online virtual terminal
touch-tone phone processing
e-mail invoice
direct API integration
secure card reader
The annual fee for this account will be
(
per month, billed annually upfront at sign up). The transaction fees will be identical to the eAuction account and very similar to competitors? virtual terminal transaction fees.
ProPay Card Reader
ProPay?s secure card reader allows sellers to remotely ?swipe? and process credit cards safely. The card holder information is immediately encrypted and, with an internet connection, processed real time through ProPay?s virtual terminal. If internet access is not available, the information is stored for later processing, eliminating the need to manually record or key in credit card information.
For more details about these ProPay accounts and fees, please go to
www.propay.com
.
About ProPay
Since 1997, ProPay has led the market in providing simple, safe and affordable credit card processing and electronic payment services for businesses ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises.
ProPay understands the unique needs of these businesses and has created merchant services specifically for them. With ProPay, merchants can set up an account online and begin accepting credit cards without buying special equipment and making long-term commitments or investments. ProPay leads out in educating merchants of every size about how to reduce or eliminate the risk of touching or holding sensitive cardholder data. The company also leads the payments market in the development of end-to-end data security solutions and alternative payment options that can significantly reduce risk and operating costs.
ProPay is a privately held company, headquartered in
Orem, Utah
. For information, visit
www.propay.com
.
Snapp Conner PR
Cheryl Snapp Conner
, 801-994-9625
Cheryl@snappconner.com
or
Don Osmond
, 801-994-9625
Don@snappconner.com
State Keywords:
Utah
Industry Keywords: Technology; Online Retail; Internet; Retail
Source: ProPay
