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PayPal Adds Merchant Accounts

Posted by TimSlavin at October 14, 2003

"In a move that gives online shoppers an alternative payment option to credit cards and electronic checks, Mountain View, Calif.-based payment provider CyberSource Corp. Thursday said that it will enable merchant customers to accept online payments via PayPal. The partnership will begin immediately." Very important expansion from person to person payment for PayPal.

News of the new relationship came on the same day PayPal launched a special payment service in the United Kingdom, allowing British online buyers and sellers to send and receive payments to more than 31 million PayPal members around the world. The British version PayPal's payment service will work exactly like the U.S. version, complete with the same fraud protection for chargebacks from qualified transactions." From Ecommerce. Found through MarketingWonk.

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