Moneybookers‘ Payments Service to Integrate with Magento eCommerce Platform

Wednesday, January 20, 2010

Official Module to Provide Integration with One of the World’s Largest, Safest and Most Secure Payment Services

Los Angeles, CA – Wednesday, January 20, 2010 – Magento, the world ́s fastest-growing ecommerce platform, and Moneybookers, one of the largest online payment systems, with millions of customers worldwide, today announce the official integration of Moneybookers’ payment and merchant services as an official bundled module in the upcoming Version 1.4 of the Open Source Magento eCommerce platform.

Moneybookers‘ worldwide network will allow Magento merchants to offer customers a wide range of payment and banking options globally, with over 80 local payment choices in more than 200 countries, all with low transaction fees. This includes the increasingly popular Moneybookers eWallet solution, currently used by over ten million customers.

“Moneybookers offers Magento users a ready-made solution which can be used to accept payments immediately from over 200 countries, and which is completely hassle-free. This provides great value to retailers, allowing them to attract customers from around the world to their stores,” said Roy Rubin, CEO of Varien, the Magento company.

In addition, the integration also enables online retailers to benefit from Moneybookers’ risk management expertise for every transaction and provides them with charge-back protection upon request so they are not left carrying the cost of online fraud.

“Moneybookers provides retailers running on Magento peace of mind by offering fraud risk prevention as a standard part of their services,” said Rubin. “This is a very important consideration for many when weighing the decision to establish an online channel.”

Previously, the Moneybookers payment extension for Magento Community and Magento Enterprise Edition was offered as an extension to the core Magento platform through Magento Connect, Magento’s marketplace for third party and community add-ons. Moneybookers’ rapidly rising popularity as a Magento Connect extension has made it one of the most popular payment options amongst Magento merchants and as such it will now be provided as bundled module with the core platform, making integration and configuration even easier, and enabling retailers using Moneybookers to achieve a quicker time to market.

“With Magento and Moneybookers, online retailers can be up, running and processing credit card payments within hours. And we aim to deliver a first-class service with risk checks on every payment, optional charge-back protection and over 80 payment options that can take a small business global in minutes,” said David Roe COO of Moneybookers.

The Moneybookers module has been developed for Magento by developer, Phoenix Medien, which is a Magento Professional Partner.

About Moneybookers
Moneybookers is one of Europe’s largest online payments systems and among the world’s leading eWallet providers with over ten million account holders. The simple eWallet enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as to send and receive money transfers cost- effectively simply by using an email address. Moneybookers’ worldwide payment network offers businesses access to over 80 payment options in over 200 countries through just one integration. More than 60,000 merchants use Moneybookers’ payments service, including global partners such as eBay.com, Skype and Thomas Cook.

Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom. For more information, see http://www.moneybookers.com You can also follow Moneybookers on Twitter at http://www.twitter.com/moneybookers

About Magento
Magento is a feature-rich, professional Open Source e-commerce 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. Magento is the ultimate e-commerce solution.

Press Contacts
Koby Oz
Marketing Director
Varien, Inc.