Moneybookers Develops Payment Process for Magento

"Direct payment methods are gaining more prominence, since they facilitate accessto new customer groups and international markets,"explains Nikolai Riesenkampff, Co-CEO of Moneybookers. "With the integration of Moneybookers as a payment system the online retailer benefits from our extensive customer base as well as our marketing activities, which we currently offer young start-ups as an additional jump-start. Successful internet start-ups such as Mymuesli.com, as well as global brands such as Skype and AOL, didn't choose us by chance as their payment solution."

Moneybookers' Magento payment system was co-developed by Phoenix Media and is programmed so that it can be built into a Magento shop in just a few steps. Retailers can then easily sign up for a Moneybookers merchant account via the backend of the system. The advantages of using the system include the simplicity of the payment process, as well as the attractive conditions and services which Moneybookers offers. For example, Moneybookers' risk protection service runs precautionary checks on all customer data. Moreover, once the online retailer's entry payment has been processed, an immediate confirmation is sent by Moneybookers. This payment service is available for any overseas activities - at no additional cost.

Magento is a new Open Source shop software provider for the planning and implementation of more complex eCommerce solutions. Owing to its flexibility, its sophistication and ease of implementation, Magento has established itself as a leading solution for the eCommerce market. With the integration of Moneybookers, online retailers using Magento's shop software can now offer their customers an easy and safe payment method.