ICE BREAKER News Flash: ProPay.com Announces eBay Program

Today I awake and my inbox has a press release in it from ProPay. Now WTF? I am NOT the freaking press! I hate being called ‘press’ as much as Sarah Palin hates reading it these days, LMAO…but I digress.

Look, you guys been asking about this new payment system and now it has finally surfaced with its planned roll-out just in time for Christmas. We will see how this floats?!?

ProPay Premieres eAuction Account and Full Pricing Schedule for eBay Power Sellers

-ProPay provides simple, safe, and affordable electronic payment processing options for advanced eBay sellers with the announcement of its competitively priced eAuction Account-

Orem, Utah—October 20, 2008—ProPay, a comprehensive provider of simple, safe and affordable merchant payment solutions, today announced that eBay silver, gold, platinum, and titanium PowerSellers can now sign up for ProPay’s eAuction Account.  The eAuction Account is integrated with the eBay checkout process and gives sellers the ability to accept credit and debit cards quickly and easily for their eBay auctions.

ProPay confirmed the eAuction Account is available for an annual fee of $24.00. This fee will be reimbursed in the form of a $24.00 processing credit to those eBay sellers who process over $3,000 with ProPay during the first 6 months following their account activation.

In addition, ProPay announced transaction fees as low as 2.4 percent. The transaction fees are determined by the seller’s eBay PowerSeller tier:  For Visa, MasterCard, and Discover, the fees are:

· Silver – 2.7% and $0.30 USD per transaction

· Gold – 2.4% and $0.30 USD per transaction

· Platinum – 2.4% and $0.30 USD per transaction

· Titanium level sellers are encouraged to contact ProPay directly to set up custom transaction fees by calling (888) 227-9856

Sellers will also be able to accept American Express.  The transaction fees for processing American Express will be slightly higher than those listed above.

The account does not have fees that most merchant accounts charge, including bank transfer fees, monthly gateway fees, online statement fees, cancellation fees, monthly processing minimum fees, or transaction downgrade fees. *

The transaction fees are flat so they 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.

ProPay’s eAuction Account is the first of two accounts ProPay will provide to the eBay seller community, ProPay executives said.   In January 2009, the company will be launching the eAuction Pro Account that is integrated with eBay Checkout and provides several other credit and debit card processing options, such as an online virtual terminal and touch-tone phone processing.   The eAuction Pro Account will also support shopping carts for personal websites, the new ProPay secure card reader, and a direct API.

“Today’s announcement is an important step in our efforts to provide attractive, comprehensive, and technologically advanced payment options for eBay’s PowerSellers,” said Greg Pesci, ProPay Executive Vice President of Business Strategy. “We look forward to growing our working relationship with these advanced eBay PowerSellers, and we welcome the chance to premier several additional cutting-edge services in the seasons to come.”

To set up a ProPay eAuction Account today, sellers can visit www.ProPay.com/ebay.

About ProPay

Since 1997, ProPay has led the market in providing simple, safe and affordable credit card processing and electronic payment services for businesses ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises.

ProPay understands the unique needs of these businesses and has created merchant services specifically for them.  With ProPay, merchants can set up accounts online and begin accepting credit cards without buying special equipment or making long-term commitments or investments. ProPay leads out in educating merchants about how to reduce or eliminate the risk of touching or holding sensitive cardholder data. The company also leads the payments market in the development of secure end-to-end solutions for protecting sensitive data and of alternative payment options that significantly reduce business costs.

ProPay is a privately held company, headquartered in Orem, Utah. For information, visit www.propay.com/pressroom.

* Please see the Payment Services Agreement at www.propay.com/ebay for complete information on pricing and fees.

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