Paymate Opens to US Micro-merchants! 

29 October 2009

Paymate announced today the opening up of the US Service to micro-merchants, with the removal of minimum volume requirements and the relaxation of other qualification criteria.  This change is of particular interest to thousands of eBay sellers and small website merchants.

• No minimum volume:  We have removed the minimum volume requirements for merchants!  This means the smallest eBay or website seller can sign up to accept payments via Paymate. 
• Simplified eBay criteria:  We have reduced and simplified the criteria for eBay sellers.  All you need is a ‘yellow star’ (10 feedback points) and at least 98% positive feedback overall. 
• Simplified Website criteria:  You need a valid website and should not sell any of our Unacceptable Business Categories.
• Instant Approval:  We have automated our system to give you immediate approval of a merchant account when you submit the Merchant Details after registration.  No more waiting for bank approval!  Once approved, you can start accepting payments right away. 

Paymate CEO, Garrett Gafke, said "This change brings our US service into line with our very popular services in Australia and New Zealand.  Micro-merchants are better served when they can start accepting payments without onerous qualifications and prerequisites.  However, our proven risk management systems and processes will continue to monitor payments to protect our buyers and sellers from fraudulent behaviour."

Paymate has been an approved payments provider integrated into www.ebay.com since March 2009 and remains an accepted payment method on eBay worldwide.

Also see:  

Prerequisites for US Merchants

Unacceptable Business Categories