PayPal has partnered with PayGate in an agreement which according to them will make online payments easier for merchants to accept payments in South Africa.
This was revealed by PayGate’s GM of business development, Brendon Williamson, who stated that “PayGate customers can now add PayPal to the list of payment methods they accept simply by ticking a checkbox. They don’t need to open any kind of new bank account or do any additional web development.”
According to research conducted by NorthStar in late 2013, “37% of European buyers said they would not have made cross-border purchases if PayPal had not been offered as a payment method.”
What that means to South African merchants is that adding PayPal can actually go as far as helping to boost their overseas sales,” said Malvina Goldfeld, head of business development for sub-Saharan Africa at Paypal
PayGate’s Williamson says PayPal is a standout favourite for overseas customers wanting to buy goods from South African merchants. “Rightly or wrongly, someone from the US or Europe may not feel comfortable giving their credit card details to a site based in South Africa. But with PayPal, that psychological barrier is removed.”
Source: IT News Africa
