DataCash, a market leading payment services provider, and PayPal, one of the leading online payments systems, today announced a partnership which means DataCash Merchants can now offer PayPal as an additional payment method to their customers.
In making PayPal functionality available to merchants using the DataCash payments solution, it is providing them with the ability to drive incremental sales* and increase online conversions** with PayPal.
DataCash represents over 900 merchants globally, providing them with a single interface to process secure payments on and offline, anywhere in the world. Its portfolio includes merchants from the retail, travel, eCommerce, telecommunications and gaming sectors, working with brands such as the Arcadia Group, Flybe, Boots, Zavvi and Ladbrokes. DataCash also offers a range of value added services, with its risk management solutions allowing merchants in all sectors to process payments reliably, efficiently and with reduced risk of fraud.
PayPal enables any individual or business with an email address to send and receive payments online securely, easily and quickly. In 2007, PayPal processed more than $47 billion in total payment volume, up 33% year on year and the total payment volume for PayPal Merchant Services was $6.1 billion in Q4 2007, up 66% year over year. PayPal has over 141 million accounts worldwide and supports payments from 190 markets in 17 global currencies.
The partnership means that DataCash clients will be able to offer PayPal's secure Express Checkout payment method to all of their Customers purchasing goods online. The service is quickly and easily integrated and activated to support payments for merchants registered in the United Kingdom, across Europe as well as for non-gaming merchants in the United States.
Andrew Dark, Chief Operating Officer, of DataCash said: "We are delighted to be embarking on a partnership with PayPal. This gives the merchants we work with the opportunity to offer PayPal through their existing relationship with DataCash. In turn this will also enable consolidated reporting and easier implementation for merchants seeking to offer PayPal to their customers. DataCash is a leading international payment and risk services provider, and our continued aim is to be able to provide our customers with the most comprehensive and up to date payment services available to increase their sales opportunity."
DataCash eCommerce Merchant PrezzyBox, who provide their customers with a complete online gift solution, are the first of many to integrate PayPal Express Checkout as a payment option through DataCash.
Zak Edwards, Director at PrezzyBox, comments: "We are extremely pleased to have added PayPal to our payments page through our integration with DataCash. In doing this we are able to offer our Customers more choice when it comes to paying for our products and we now have the option to accept payments from non-cardholding Customers as well as those people who are not confident to share their card details with a third party online, opening up new revenue streams for us. At PrezzyBox the quality of service we offer our Customers is of paramount importance and using DataCash for our payments in partnership with payment options such as PayPal enables us to maintain a secure, efficient and flexible service from start to finish."
Cameron McLean, General Manager Merchant Services at PayPal comments: "We are delighted to have signed this strategic partnership with DataCash - one of the leading market payment service providers. DataCash has a number of well-known merchants in their portfolio and this partnership offers PayPal a great way to reach a significant audience."
McLean continues, "Enabling consumers to shop without ever having to retype or share their financial information, whether a credit card number or bank account details is becoming increasingly important. PayPal is uniquely placed to meet this growing need, offering consumers a secure way to pay no matter how they choose to fund that transaction (by bank account, debit or credit card), and providing retailers with the opportunity to sell to PayPal buyers from across the globe."
* 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.