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PayPal and e-inbusiness partner to bring next generation eCommerce site for New Look.
October 2007
PayPal and e-inbusiness are pleased to announce their new partnership. This partnership enables New Look and many other leading retailers to offer next generation eCommerce sites and accept payments from across the world with through the world's leading online payment system. Additionally PayPal merchants can expect to see an increase in sales and conversion, sales increase by an average of 14% with PayPal. Moreover all PayPal hosted flows are fully PCI DSS compliant.
PayPal enables any individual or business with an email address to send and receive payments online securely, easily and quickly. With Express Checkout PayPal allows you to add an express lane for 15 million UK account holders. In 2006, PayPal processed more than $38 billion in total payment volume. PayPal has over 153 million accounts worldwide and supports payments from 103 markets in 17 global currencies. With PayPal merchants can accept the buyers preferred payment method from across the world, examples being ELV Germany, PostePay Italy, Instant bank transfer from France. For buyers PayPal offers a fast and secure checkout where the user can shop without sharing their financial information.
For e-inbusiness the PayPal functionality means they can offer the entire package to prospective merchants. "Our partnership with PayPal allows us to offer a phenomenal new opportunity for sales growth and customer acquisition. Moreover it lets merchants offer their buyers unsurpassed security and privacy to consumers making purchases online" said Joe Mountain, Business Development Director of e-inbusiness.
"We are delighted to have signed this strategic partnership with e-inbusiness. PayPal offers consumers a secure way to pay no matter how they choose to fund that transaction (by bank account, debit or credit card), and provides retailers with the opportunity to sell to buyers from across the globe. PayPal offers industry leading security as well as the opportunity to grow your sales by an average of 14%" said Cameron McLean, General Manager of Merchant Services at PayPal comments. For Customers who choose to pay with PayPal checkout can be completed in as few as three clicks. There is no need for customers to go through the hassle of re-entering billing or delivery information with every purchase. The customer initiates and approves a PayPal payment earlier in the checkout process after which billing and delivery information is sent immediately from PayPal to the merchant's website. Merchants control the branding throughout.
As New Look look to expand their market both on and offline they need a site and payment solution that was fast and secure. When the site launches later this year New Look are looking for a solution that means their buyers can see the site as extension of the store with the same flexibility in payment options. The offering this partnership provided was ideal. Shaun Wills, Strategy and Business Development Director of New Look said: "New Look is new to eCommerce and wanted to ensure users had an optimal experience with their online shopping. We chose PayPal and e-inbusiness as we knew we would have an online solution that would suit our customer base and take our business to the next level. PayPal allows us to accept all the usual payments our shoppers use in our stores online in a secure environment and with no hassle for our buyers. e-inbusiness provided us with a next generation site with our payment solution pre-integrated making the whole process so smooth and easy.
A key factor in our choice of PayPal was customers are always returned to our website after completing checkout, affording us additional opportunities to sell and to generate customer loyalty by providing a seamless brand experience". He adds: "PayPal has 15 million UK user accounts - that's a huge opportunity for us online."
