Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
This will help to support merchants’ expansion into the region, where online retail sales have been rapidly growing and are expected to continue to increase.
New York – July 19, 2012 – Computop, a leading payment service provider (PSP), today announced the addition of Alipay, a commonly used third-party online payment solution in China, to its Paygate payment platform. As a result of this cooperation, Computop Paygate customers will benefit from being able to provide Alipay as a payment option to their customers. This will help to support merchants’ expansion into the region, where online retail sales have been rapidly growing and are expected to continue to increase.
According to a survey by China IntelliConsulting Corp., around 77.4 percent of first time online shoppers in China chose Alipay to pay for their first online purchase. 88.8 percent of the survey respondents named Alipay their most frequently used online payment tool. As of December 2011, Alipay had more than 650 million registered accounts.
“We are glad to work with Computop to help more international merchants tap into the growing Chinese market,” said Maggie Choo, Senior Director of Alipay. “Through our cooperation with Computop, Paygate customers will be able to support Chinese consumers’ payment preferences and bolster online sales in the region.”
“By offering Alipay through Computop Paygate, we are enabling companies to easily and securely sell into the vast buying audience in China,” said Ralf Gladis, CEO of Computop. “There is no need for companies to set up Chinese bank accounts or to do credit checks or validate buyer profiles. This is all part of the combined Paygate/Alipay solution. We are excited to be able to help merchants easily expand into China.”
Alipay is currently available via the Computop Paygate payment platform.
About the Computop Paygate platform
Computop Paygate 5.0 is a multichannel payment platform that provides online retailers with secure payment solutions and efficient fraud prevention for international markets. With just one interface needed, Computop Paygate allows online retailers to get access to dozens of international payment systems, and includes fraud prevention for North America, Europe and Asia. Leading e-commerce solutions from the likes of Demandware, hybris, Magento and Oxid all support Computop Paygate as a preferred payment service solution for global payment processing. In addition, Computop Paygate has been integrated into SAP's Business ByDesign business software to provide secure global payment processing.
Computop is a payment service provider (PSP) that was founded in 1997 and is headquartered in Bamberg, Germany. The company has global customers such as Fossil, C&A, Samsung and TUI and has offices located in North America, Europe and China. Computop’s Paygate PCI-compliant hosted payment solution supports all non customer present payments, including telephone, online and mobile.
For further information please visit: www.computop.com.
Launched in 2004, Alipay (www.alipay.com) is a commonly used third-party online payment solution in China, providing an easy, safe and secure way for millions of individuals and businesses to make and receive payments on the Internet. It had more than 650 million registered accounts as of December 2011. Alipay provides an escrow payment service that reduces transaction risk for online consumers. Shoppers have the ability to verify whether they are happy with goods they have purchased before releasing funds to the seller. Alipay is an affiliate of Alibaba Group.