www.planetpayment.com
Planet Payment [LSE:AIM:PPT and PPTR; OTCQX:PLPM] is a leading international payment and data processor, providing banks and their merchants with innovative solutions to accept, process and reconcile payments, anytime, anywhere and in any currency.
Its customer base of more than 40 acquiring banks and processors stretches from North America, to the Middle East, to Asia Pacific, including China, Hong Kong, Macau, Taiwan, Malaysia and India. Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and Singapore. Visit www.planetpayment.com for more information on the Company and its services.
Planet Payment strikes partnership to provide payment solutions for Facebook merchants
Planet Payment (LON:PPT, LON:PPTR, OTCQX:PLPM) announced today a partnership to provide payment solutions for Facebook merchants.
This so-called "social commerce" solution will enable merchants to sell to a global market of more than 800 million Facebook subscribers, the company told investors today.
It will also enable retailers to convert their "static" Facebook presence into a new sales channel for their business, Planet Payment said.
The partnership has been struck between the company and VendorShop, which provides shopping cart applications for Facebook merchants.
It involves integrating VendorShop's Facebook shopping cart application with Planet Payment's iPAY multi-currency eCommerce gateway.
"Most companies already have Facebook pages, but if a customer wants to buy an item they get referred back to the company website," said Chris Small, chief executive and founder of VendorShop.
"Facebook users already spend a huge amount of time on Facebook with more than 50 per cent 'liking' a business page to find out about sales and promotions. So if I'm going to tell you about a product on my Facebook page, it makes sense to make it easy to buy right there."
VendorShop customers will now have access to Planet Payment's PCI compliant, end-to-end processing solutions for eCommerce, call centre, mail-order and telephone order merchants.
Scott Goldthwaite, senior VP of product management and marketing at Planet Payment, said: "Social media enables businesses to make a deeper connection with their customers and Facebook has the potential to become the biggest marketplace in the world, representing a significant opportunity for businesses to create a new revenue stream by enabling their fans to buy products directly from their Facebook page.
"VendorShop's expertise in social commerce and shared commitment to helping businesses sell on Facebook has made this an ideal partnership."


















