Chase Paymentech and Web.com partner on payment processing for SMBs

Source: Web.com

Web.com (NASDAQ: WWWW), a leading provider of online marketing for small businesses, announced today an agreement with Chase Paymentech to offer merchant payment processing solutions to small and medium-sized businesses (SMBs).

Chase Paymentech is widely recognized as a leader in merchant acquiring and payment processing and provides SMBs with affordable merchant payment processing and online marketing solutions.

Web.com customers will have access to multiple secure payment processing services including all major credit, debit and customizable gift cards.

"This partnership is a natural fit matching two companies with a singular vision to assist small and medium-sized businesses to grow the profits of their businesses," said Peter Gasparro, Group Executive for Chase Paymentech. "Our merchants depend on our industry-leading payment platform, from stored-value solutions and point-of-sale payments, to online transactions. Our commitment to excellence and staying ahead of the curve is what led us to partner with Web.com."

"To be able to offer our customers a full spectrum of secure and reliable payment processing solutions by an industry leader is an exciting development," said David Brown, Chairman and CEO of Web.com. "Giving our customers innovative payment tools at the same payment transaction rates generally available to larger companies, gives them a much needed advantage. We anticipate that this partnership will benefit the vast majority of our customers presenting them with additional ways to grow their business, save considerable costs and take advantage of the latest merchant payment solutions."

Under this arrangement with Web.com, merchants will have access to Chase Paymentech's suite of electronic-payment solutions and will be eligible for a free rate analysis to understand their total cost of accepting electronic payments.

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