Paymentech to Offer eBay's PayPal to Merchants

Share this article:
Paymentech will offer eBay Inc.-owned PayPal's online payment service to its online merchant customers early next year in addition to the electronic checking and gift card options it currently offers.


The deal gives online merchants access to a consolidated settlement and financial reporting system without requiring much investment or extra processing infrastructure.


Paymentech, Dallas, is the first merchant acquirer to resell and completely integrate PayPal's online payment service into its processing platform.


Merchants and prospects will have access to 56 million PayPal accounts worldwide.


Paymentech processes 50 percent of all online transactions. The company, and its Canadian affiliate in Toronto, last year processed 7 billion transactions and $162 billion in sales volume in 14 countries.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Customer Identity in the Digital Age

Customer Identity in the Digital Age

Industry experts explore the value in a person's cyber identity for marketers.

Epsilon Rebrands as End-to-End Marketing Solution

Epsilon Rebrands as End-to-End Marketing Solution

The goal is to flame the perception that technology and creativity live under one roof at the company, says President Andy Frawley.

Mobile Spend Vaults 76 Percent in First Half, IAB Reports

Mobile Spend Vaults 76 Percent in First Half, ...

Overall Internet ad revenues escalate by 15% to $23 billion, also fueled by increased activity in social media and video.