eBay India announces enhancements to PaisaPay

Company Brief

Mumbai, November 15, 2007

eBay India, India’s leading online marketplace, has taken a significant initiative towards enhancing transparency in the transaction process for the online trading community. This step has been taken to further eBay’s commitment towards making the trading experience on eBay safe and easy.

The inclusion of new features in Paisa Pay will enhance buyer confidence, improve buyer experience and will simplify ‘seller to buyer’ communication while completing a transaction. The enhancements include new features like EMI, 7 days a week PaisaPay Phone Support and Online Remittance for sellers.

With the enhanced PaisaPay, the eBay Community will get a host of additional benefits and new streamlined PaisaPay processes.

KEY ADDITIONAL FEATURES

Sellers can now offer EMI as a payment method to their buyers

Easier and convenient PaisaPay remittances to sellers and refunds to buyers through online bank transfers

Enhanced tracking of PaisaPay transactions. Sellers and buyers can now track all their PaisaPay transactions in an enhanced new “My PaisaPay” in the “My eBay” section.

PaisaPay is a secure online payment gateway on eBay India. It enables online payments for eBay transactions in a secure, convenient and cost-effective manner. PaisaPay supports Credit Card payments and Online Bank Transfers. With PaisaPay, buyers can make instant payment for their online purchases and sellers can accept online payments from anyone with a Credit Card or an online bank account.