Saturday, December 20, 2008

PayPal Integration Made Easier for Philippine Online Merchants

Manila, Philippines, December 15, 2008 --(PR.com)-- Mozcom PayEasy Online Payment System ("PayEasy") has signed up as a Channel Partner of PayPal, the world’s leading online payment provider. With this development, local online merchants can now instantly add PayPal as a payment option to their shopping carts or online payment modules, when they open a PayEasy merchant account. There is no need to learn new programming interfaces as the PayPal Express Checkout will integrate transparently with PayEasy giving online businesses a one-stop-shop payment solution that ranges from local ATM and mobile phone payments, to the major credit cards, and now, PayPal.

As one of the preferred payment methods on the Web in the United States, United Kingdom and Australia, PayPal (www.paypal.com.ph) offers secure payments in 190 markets by providing an extra level of security and privacy as its users do not have to disclose credit card information directly to online merchants when paying for items. Additionally, PayPal's proprietary fraud detection models, 24/7 fraud monitoring, and protection for buyers against unauthorized transactions, gives shoppers peace of mind and more confidence to buy online.

"We are eager to work with PayPal in developing the local e-commerce market, and we are honored to be their first operational, locally-based Channel Partner in the Philippines," said Dick Chiang, Mozcom COO/CTO. "A strong global brand like PayPal can be a boon to local merchants as it gives a certain level of confidence and trust to foreigners who may be initially wary at buying from unknown Philippine websites."

"With e-commerce growing quickly in Asia, PayPal is committed to supporting the phenomenal rise of online payments in the Philippines, as well as around the globe," said Gene Wong, Head of PayPal Asia Merchant Services. "Working with PayEasy is a natural fit with PayPal’s global, all-in-one payment solution and we look forward to working with them to help enable more e-commerce growth in the Philippines and beyond.

About Mozcom

Mozcom PayEasy is the most comprehensive online payment system in the country today supporting all major credit cards (Visa, MasterCard, American Express, Discover, JCB, Diners Club), BancNet and MegaLink ATM cards, PayPal, China UnionPay, Globe G-Cash, Smart Money, Western Union, over-the-counter bank deposits, and direct account debit with major banks in China, Malaysia, Thailand and Taiwan. For more information, visit http://www.payeasy.ph or call +63(2)848-2606 .

About PayPal

PayPal is the safer, easier way to pay and get paid online. The service allows users to pay without sharing financial information and gives consumers the flexibility to pay, using their account balances, bank accounts, or credit/debit cards. With 65 million active accounts in 190 markets and 19 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company. More information about the company can be found at www.paypal.com.ph.

PayPal is headquartered in San Jose, California. Its European headquarters are in Luxembourg and its international headquarters (PayPal Private Limited) are located in Singapore.

Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com carefully before use.

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