Protx, the secure online payment service for credit card processing and PayPal, the world's leading online payment system, today announced a partnership which means Protx customers can now offer PayPal as an additional payment method.
The deal means that Protx's 17,000 online merchants will benefit from integrating PayPal Express Checkout onto their websites as an additional way for their customers to pay securely and efficiently. Furthermore, Protx - a division of Sage (UK) Limited - is providing merchants with the ability to drive incremental sales* and increase online conversions with PayPal**.
Simon Black, Managing Director of Protx comments: "This partnership will benefit our merchants by making the managing and tracking of online-orders even more straightforward, as well as giving their customers more choice in how they want to purchase goods over the web. We have tested the service with both new and existing customers, who have found the service extremely easy to set-up, as no integration work is required. As a business we want to provide functionally rich payment solutions for our customers at highly competitive rates. This is why we are offering our merchants PayPal Express Checkout at no extra cost."
Protx merchants will be able to simply switch this payment option on and off their payment pages whenever they want. When activated, PayPal transactions will appear along side other web-orders within the Protx reporting tool making tracking web-orders even more straightforward.
Claire Lettice, from Muddycook.co.uk says, "Previously we had customers requesting us to accept PayPal so to have it as part of our Protx service was especially appealing. We have only offered it as a payment type for ten days and already our customers are making use of it. It is a great value for money proposition from Protx."
Cameron McLean, General Manager Merchant Services at PayPal, comments: "This partnership is an ideal match for PayPal. Protx 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 directly from a bank account or from a credit card.
"Online consumers prefer to pay with PayPal***, so by adding PayPal Express Checkout merchants should see a notable increase in their conversions."
PayPal, with over 20 million UK accounts, allows consumers to keep their financial details safe. Thousands of UK merchants accept PayPal today from their websites, including leading e-commerce sites such as Boots, DHL, Harrods, Friends Reunited, 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 the tens of millions of proven online shoppers that prefer PayPal***, often seeing a reduction in shopping cart abandonment and increased sales conversions.
* PayPal can increase sales by an average 14% by delivering greater shopping convenience. A 2006 PayPal survey of 200+ US sellers who were already accepting credit cards online, but added PayPal showed that PayPal generated an average incremental sales lift of 14%.
** PayPal Express Checkout has a 72% conversion rate, converting more browsers to buyers. Based on PayPal analysis conducted in Q2 2007 on Top 100 PayPal merchants in UK and US combined (in terms of volume), using the Express Checkout payment mark.
*** According to independent Forrester research, 23% of European online shoppers prefer paying with PayPal.