US online shoppers soon to get Paymate option at www.ebay.com and other US sites
US online shoppers at www.eBay.com will soon have the option of using Paymate to pay for their purchases in US dollars.
Dilip Rao, Paymate’s founder and CEO, said that the Paymate option will be fully integrated with eBay’s express checkout.
He said the service has been in development for some time and will be available in late February this year.
“Sellers can already register at www.paymate.com so that when we launch the service there’ll be no delay in getting them up and running.”
As an incentive to register now, PayMate is offering a prize of a dream Australian vacation for two worth some $7000.
The prize includes:
- Round-trip air from Los Angeles to Australia
- Flights within Australia
- All flights on award-winning Qantas Airways
- 4 nights hotel in Sydney – 4-star accommodation
- Sydney City Sights Half-Day Tour
- 4 nights hotel in Cairns – 4-star accommodation
- Great Barrier Reef Cruise Day Tour
Rao said that more than 200 businesses had registered in the first three days after
the prize was announced earlier this month.
The deal is a significant boost to the Australian developed Paymate service because it will make it much, much easier for buyers on www.ebay.com
to use Paymate.
“A lot of Australian businesses already sell on eBay in the US as well as on the local eBay marketplace. And they can already offer Paymate
as a payment option. But it isn’t integrated with the checkout. That’s the big difference with this new service. It is integrated, so Australian sellers will be able to sell on eBay much more easily” said Rao.
The integration will also enable US merchants to offer Paymate more easily to their US customers. Their customers will be able to pay in US dollars and won’t need to already have set up a Paymate account.
So long as the US merchant has authorised the link with their eBay account, integration means Paymate’s Express payment page will automatically be filled in with the customer and item data.
This is explained in more detail at the Paymate web-site.
“This authorisation allows Paymate to request information from eBay about the buyer, item and seller so that the Paymate Express payment page can be filled in correctly for the convenience of both buyer and seller. Your buyer can then simply click on the Paymate option in their Checkout form and authorise payment to you via credit card.”
Paymate’s new deal with eBay is obviously very good news for the small Sydney based company, which was founded just 9 short years ago.
It has also attracted the attention of some major media outlets and recently saw a Podcast interview with Rao posted online.
In that interview Rao claimed Paymate manages merchant’s risks better than anyone else. He said that reason, along with Paymate’s faster payment to merchants, should make the service popular with sellers.
“ We think our risk management is superior to anybody else, and that sellers will lose less money if they use Paymate. … Secondly, we will pay people in the US faster than they get paid today. In Australia for example, we are able to pay most of our sellers the same night.”
Rao also told eCommerce Report that the eBay deal is only one half of the expansion of the company’s US services. “The other half is an expansion of our services so that US merchants can offer Paymate as a payment option on their own web-sites.”
He added that Paymate will be using the giant San Francisco headquartered Wells Fargo bank for its US merchant accounts.
Rao said there would be the usual restrictions on the type of merchants and web-sites that Paymate allows to offer its payment service.
“Our standard restrictions apply. We don’t do gambling; we don’t do adult, we don’t generally do anything that might be illegal in any jurisdiction and we avoid the more risky things such as say, pharmaceuticals. We also generally avoid travel for the same reasons.”
Certainly the eBay deal is another big step forward for the privately owned Australian company following on last years deal with
the giant Chinese ecommerce business, AliPay.
Through that deal, Australian retailers can sell their products online to Chinese customers via a Paymate owned Chinese language
online shopping mall at www.haiwaibao.com
(Haiwaibao means ‘foreign treasure’). The Chinese customers can use their existing AliPay accounts to pay for their purchases meaning that some 100 million Chinese can use the service.
Paymate is also trialling an online shopping mall with a new site called Paymate stores. Rao said that the site, which was launched in November last year, is still in beta. “We’re trialling it to see what sort of demand there might be.”
For more info go to
www.paymate.com/cms/index.php/us-services/181
www.haiwaibao.com
www.paymatestores.com
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