E4X Inc., provider of online multicurrency services, has added PayPal to its product roster that enables merchants to accept multicurrency payments.
E4X handles multicurrency operations including foreign exchange, cash management, multicurrency pricing, reconciliation, auditing, reporting, compatibility with processor and acquirer technologies and more.
"With the rise in online cross border sales, there has been great demand from merchants who want to accept multicurrency PayPal payments using the E4X service," said Jody Rochwarger, vice president strategic partnerships, E4X. "PayPal is utilized by millions of users worldwide and we're extremely pleased that merchants will now be able to benefit from E4X's multicurrency expertise."
PayPal, a unit of eBay Inc., allows individuals or businesses with an e-mail address to send and receive payments online. PayPal has nearly 79 million registered accounts. In Q2 2005, PayPal processed more than $6.5 billion in total payment volume. PayPal offers payments in U.S. dollars, British pounds, Canadian dollars, Australian dollars, euros and Japanese yen.
"Our business is all about helping merchants to securely sell their goods and services online, and as our merchants grow their sales, they are looking to expand globally," said Roy Vella, director of merchant services for PayPal. "We're excited to work with E4X to provide merchants an easy way to accept multicurrency payments for their global sales."
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