Paymate, an online payment service for Australians, has announced plans to expand its customer base of the TrustMark security program by signing on an expected 5,000 businesses within the next 12 months.
According to Paymate managing director, Dilip Rao, after an initial two-year testing phase with 1,000 invitation-only online businesses, the program is now ready to expand into the market.
“We’ve had to test it out to make sure it works - we needed some time to pass to make sure it works well and has a high success,” said Rao.
Paymate allows Australian businesses to safely accept credit card payments, in several currencies, without the need for separate bank merchant facilities or a gateway service.
“Instead of relying just on feedback from buyers, which can often be faked, Paymate has developed the TrustMark risk monitoring program which measures an online business based on its transactions and whether items have been successfully received by its customers,” said Rao.
Furthermore, the program enables businesses to become e-commerce-ready, while being able to manage buyer risk when purchasing from the web, said Rao.
To qualify for the program, online sellers must have a proven record of delivering goods which have been paid for via Paymate, as well as meeting strict risk profiling criteria.
“Once they qualify they are also able to promote their products and services using the TrustMark logo”, said Rao.
Paymate expands Australian clients
By Negar Salek on May 29, 2007 7:00AM