Moneybookers continues rapid expansion path with Swiss online marketplace partnership
London/ Zug, 25th June 2008 – Moneybookers, one of Europe’s largest online payment systems, is today announcing an exclusive partnership with ricardo.ch, the number one auction site in Switzerland. By providing an easy to use and trusted solution with the most extensive international network of domestic options, Moneybookers has secured the partnership and is looking forward to rapidly accelerating growth in the Swiss market.
By integrating the Moneybookers solution, ricardo.ch will be able to increase customer conversion rates by providing a secure, trusted and easy to use payment service for its buyers and sellers. Utilizing Moneybookers’ extensive network of domestic payment options, it will also be able to ensure that all of its users are able to make instant payments via internet or email – whether they are based in Switzerland or neighboring countries.
“Sellers can now accept customer credit cards and domestic bank transfers risk free on our site“, comments Peter Oertlin, Managing Director of ricardo.ch. “Moneybookers has enabled us to give our members a novel and secure payment service and we firmly believe it will help us obtain new customers so as to advance our conversion long-term.“
Security and usability have always been of paramount importance for ricardo.ch. By integrating the Moneybookers payment solution it will be able to continue its own claim of comprehensive security for its members. Moneybookers is the only online payments provider to guarantee zero charge backs for merchants, due to its extensive and sophisticated risk management measures which incorporate IP address verification, credit history checks and blacklists.
With over 1.5 million members, ricardo.ch is the leading internet auction platform in Switzerland and part of MIH, a sub company of South African media group Naspers. While Moneybookers already has over 10,000 merchant customers as well as almost 5 million users, the partnership will help firmly establish it as the leading provider of online payments in Switzerland and further support its growth across Europe.
“With the additional risk management steps that we take at Moneybookers, as well as our escrow service, buying and selling is now much safer for ricardo.ch customers,“ comments Martin Ott, Co-CEO of Moneybookers. “We’re extremely pleased to announce this partnership with a leader in the European e-commerce market and look forward to deploying our payment solution across other countries of the MIH Group very soon.“
ricardo.ch was founded in Switzerland in November 1999 and has been part of South African media group Naspers. ricardo.ch Plc, based in Zug and with 85 employers, is the leading Swiss online marketplace with 400,000 current offers and 1.5 million members