E-commerce payments provider, eWay, has launched the first service in New Zealand that enables a retail store to set up online payments without speaking to a bank.
eWay’s NZ Merchant Services is a significant play for expansion. The Australian payments system is already used by almost 900 kiwi retailers and service providers, however, it has now launched dedicated Merchant Services in the region.
With the backing of New Zealand’s major banks, eWay integrates with more than 400 shopping carts and thousands of third party applications to accepting payments online and receive same day funds settlement.
Matt Bullock, founder and CEO of eWay, said launching Merchant Services will be a game changer for the way New Zealand businesses conduct business online
“New Zealand is one of the fastest growing e-commerce markets in the world, but the payments options available to merchants locally are not catering to the needs of growing businesses,” said Bullock.
“We expanded to New Zealand because we knew within the current market environment we could help local businesses sell more faster, provide better options to their customers, and make the whole process of getting online and managing an online business, easy.
“Merchant Services is extremely popular in other territories. More than 3000 merchants signed up in Australia within 12 months. It’s a much simpler, faster offering for online merchants. It removes the need to even speak to a bank to accept payments.
“We’re looking to replicate this model and help New Zealand businesses experience this growth, too.”
Having operated in Australia for 17 years, the launch of Merchant Services comes off the back of eWay’s expansion to Asia, the UK, and soon the US.