Posts Tagged ‘eWay’

eWay partners with netsuite

Wednesday, November 27th, 2013
Photo credit; Neil Duncan, Deutsche Messe & CeBIT Australia on Flickr

Photo credit; Neil Duncan, Deutsche Messe & CeBIT Australia on Flickr

eWAY, a global online payment gateway provider based in Australia, has joined the NetSuite SuitePayments program to offer businesses greater payment options when using the NetSuite SuiteCommerce platform.

NetSuite said, in a news release, that by partnering with eWAY, it continues to open the door for more ecommerce, retail and wholesale distribution organisations to move their entire business to the cloud-based business management suite. This will help to improve operational efficiency of these organisations and offer their customers a richly interactive and friendly shopping experience.

Headquartered in Canberra, eWAY has processed over 80 million credit cards since it was started by CEO Matt Bullock. It now processes over $300 million per month for its rapidly growing customer base of more than 13,300 merchants in Australia, New Zealand, Singapore, Canada and the UK.

“Time to go live to market is critical for any ecommerce business and any delays can be costly,” Bullock said. “By combining our leading payment gateway with the NetSuite SuiteCommerce platform, customers now have a solution to turn on online payments within days instead of weeks. Talking to the banks, gaining approvals and completing their forms is a painful process. As a one stop shop for merchants, eWAY makes this process much faster and easier.”

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CEO of eWay vows to drag Aussie businesses to ecommerce, even if they are kicking and screaming

Monday, November 18th, 2013
Illustration credit; Tsahi Levent-Levi on Flickr

Illustration credit; Tsahi Levent-Levi on Flickr

The CEO of Australian online payment gateway provider eWay has taken it upon himself to try and coax more Australian businesses to embrace ecommerce by dramatically overhauling the speed at which businesses can gain a merchant account and get paid after transacting.

“We are going to change the speed of how long it takes to get a merchant account. Right now, if you try to get a merchant account, it takes four weeks, six weeks, six months,” eWay CEO and founder Matt Bullock says. “We are pushing it down to four days, and then we will change that down to four hours next year, then eventually get that down to nought hours. That is by getting rid of a whole bunch of banking processes which are busted, and us fixing them and doing them properly.”

The increased speed comes at a price: 2.2 percent and AU$0.30 per transaction, and an AU$25 per month fee. However, that also includes 24/7 support, which banks don’t offer.

Bullock says the higher cost won’t deter merchants, as they are more concerned with the issue of the time taken to get online, get trading, and get paid.

“You talk to the [payment] gateway [company], they say, ‘go away and talk to a bank’,” Bullock says. “You talk to the bank, and that is a long and painful process; sometimes you finish through it and sometimes you don’t. We’re saying, ‘talk to us, you don’t need to talk to your bank. We will do it all and we’ll do it quicker than the banks have ever done it before.’”

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