NETBANX adds Paypal as payment option

 

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." 
 
 
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For further information contact: 
 
 
NEOVIA Financial Plc 
Andrew Gilchrist, VP Communications + 44 (0) 1624 698 713 
Email:[e-mail] 
Twitter: https://twitter.com/neovia 
 
 
Media Relations 
Nick Daines / Sheelagh Connelly, Lumen PR 
Tel: [phone] 
Email: [e-mail] 
 
 
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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