In its second-largest acquisition, Amazon buys the company for $970 million.
With ProPay's eAuction Account, eBay Sellers can accept all four major credit cards for transaction fees as low as 2.4%.
LEHI, Utah, Aug. 1, 2012 -- ProPay (www.propay.com), an industry leader in Merchant Services, End-to-End Payment Security, credit card processing, and mobile payment services, is extending its integrated eAuction Account to eBay Sellers. Previously only available to PowerSellers, eAuction is now available to a broader group of eBay Sellers and provides more payment options to their customers at eBay checkout.
With ProPay's eAuction Account, eBay Sellers can accept all four major credit cards for transaction fees as low as 2.4 percent. The transaction fees do not change, regardless of the type of credit or debit card (rewards, corporate, etc.) used. With ProPay, eBay sellers can know exactly what the transaction fees will be each time. Additional benefits for the sellers include:
- ProPay's eAuction is fully integrated with eBay checkout
- The flexibility and benefits of a true merchant account
- No requirement for buyers to have a ProPay account to complete transactions
- Immediate collection of fees
- Low rates and fees
- Quick online signup
- World-class, live customer service
- Merchant services that are fully PCI DSS compliant
eBay Sellers can sign up for ProPay's eAuction Account for a minimal annual sign up fee that ranges from $5.00 to $9.95. The Signup process is simple and easy and takes only a few minutes. Visit www.propay.com/ebay for details.
ProPay's eAuction Account does not have the fees of most merchant accounts, including bank transfer fees, monthly gateway fees, online statement fees, cancellation fees, monthly processing minimum fees, or transaction downgrade fees.
"Today's announcement is an important step in our ongoing effort to provide attractive, comprehensive, and technologically advanced payment options for eBay's Sellers," said Greg Pesci, President and Chief Operating Officer of ProPay. "We are extremely pleased to be expanding our online payment services for eBay Sellers and we appreciate the chance to continually increase our working relationship with these key merchants."
To set up a ProPay eAuction Account, eBay Sellers can visit www.propay.com/ebay.
Since 1997, ProPay has provided simple, secure, and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions designed to significantly reduce the client organization's risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is privately held company, headquartered in Lehi, Utah. For information, visit www.propay.com.