iPay88 Online Payment For E-Commerce

Wednesday 6 January, 2010. iPay88 has signed up as a channel partner of PayPal, a global leader in online payments. Now, Malaysia merchants can now instantly add PayPal as an online payment option to their shopping carts or online payment modules, when they open a iPay88 merchant account. There is no need to learn new programming interfaces as PayPal will integrate transparently with iPay88 giving online businesses a one-stop-shop payment solution that ranges from accepting all major credit cards, local Internet Banking services, to the local E-Wallet and now, PayPal.  

Also, with PayPal’s launch of new products extending to Malaysian merchants, both PayPal merchants and consumers will be able to transact locally in Malaysian Ringgits. Also PayPal’s new bank withdrawal feature will enable PayPal Malaysia account holders to transfer money from their PayPal account to directly to a Malaysian bank account. These two methods also benefit iPay88 customers.  

“In recent research we conduced amongst Malaysian small businesses, cash-flow issues were cited as one of the major challenges face by almost half of those surveyed,” said Mario Shiliashki general manager of PayPal Southeast Asia and India. “The introduction of our bank withdrawal service will help ease this pain for Malaysian PayPal sellers and is just one of the testaments to the investment we are deploying across Asia as well as our commitment to bring innovative, safer and more convenient solutions to Malaysia.  

As one of the most preferred payment methods on the Web in the United States, United Kingdom and Australia, PayPal offers secure payments in 190 markets by providing an extra level of security and privacy as its users do not have to disclose their financial information directly to online merchants when paying for items. Additionally, PayPal’s proprietary fraud detection models, 24/7 fraud monitoring, and protection for buyers against unauthorised transactions, gives shoppers peace of mind and more confidence to buy online.  

About iPay88 

iPay88 is the one stop online payment service provided by Mobile88.Com Sdn. Bhd (a MSC status company) which is Malaysia Payment System Act compliant. iPay88 allows online merchants to collect payment online securely from their buyers using Visa and MasterCard cards, local bank E-Debit services (Internet Banking) and local e-wallets. There are more than thousand local online stores are using iPay88 to process online transactions in Malaysia Ringgit (MYR).  

iPay88 is headquartered in Kuala Lumpur, Malaysia and with a branch in Jakarta, Indonesia. 

About PayPal 

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without disclosing financial information, with the flexibility to pay using their account balances and credit cards. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. The company’s open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. . In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web .  

PayPal’s Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce .  

PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Pte. Ltd.) is located in Singapore. 

PayPal is an eBay company. More information about the company can be found at www.paypal.com/my  

Consumer advisory - PayPal Pte. Ltd., the holder of PayPal’s stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com/my carefully before use.