Magento and GlobalCollect Enter Strategic Partnership To Boost Online Sales

Wednesday, December 16, 2009

Partnership Focused On Supporting Global Sales Visions of Online Merchants Through e-Payment Processing

Amsterdam, The Netherlands and Los Angeles, CA – December 16, 2009 – GlobalCollect, the world’s premier payment service provider for local e-payments and Varien, the Magento company, announce today their strategic partnership aimed at empowering online retailers to meet their global sales objectives. The Magento e-commerce platform, developed by Varien, is based on open source technology that provides merchants with high levels of flexibility and control over the user experience, content, and functionality of their e-commerce channel. By joining forces with GlobalCollect, Magento’s clients gain access to an unrivalled portfolio of local, alternative, and international payment methods in over 200 countries and for 170 currencies.

“Our partnership with GlobalCollect certainly allows us to continue to empower retailers’ dreams and visions for growth in a unique way,” said Roy Rubin, CEO of Varien. “GlobalCollect’s flexibility to work with a wide range of currencies and payment methods makes it easy for retailers to focus on the day to day operations of their shop without needing to worry about how to collect and process payments. Any partnership which helps to increase retailers’ efficiency is a partnership worth making.”

The proven correlation between the number of payment options and increased customer conversion rates is compelling retailers to find solutions for accepting multiple types of payment and international currencies. Many e-commerce merchants now offer various preferred payment methods and have begun accepting foreign currencies in order to help turn online browsers into buyers.

Jan Manten, CEO of GlobalCollect, continued: “We are very pleased to partner with Magento, the fastest growing e-commerce platform in the marketplace. Marrying the strength of Open Source Magento platform with our comprehensive offering as a global Payment Service Provider makes perfect sense as we compliment each others’ core competencies. It will help online merchants across the world realize their growth objectives and speed up their time to market. ”

About GlobalCollect
GlobalCollect is the world’s premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. http://www.globalcollect.com

About Magento
Magento is a feature-rich, professional Open Source eCommerce platform solution that offers merchants complete flexibility and control over the presentation, content, and functionality of their online channel. Magento’s intuitive administration interface features powerful marketing tools, a catalog-management engine and is SEO optimized to give merchants the power to create sites that provide an unrivaled and rich online shopping experience for their customers, tailored to their unique business needs. Designed to be completely scalable and backed by an extensive support network, Magento is the ultimate eCommerce solution. For more information about Magento, visit http://www.MagentoCommerce.com.

Press Contacts
Bettina Duske
Manager, PR & Marketing Communications
tel: +31-(0)23 567 1500
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Koby Oz
Marketing Director
Varien, Inc.