September 30, 2010
- GMO MAKESHOP
September 30, 2010
Press Release
GMO MAKESHOP Co. Ltd.
MakeShop Offers Support for PayPal
Tokyo – September 30, 2010 – GMO Internet Group company, GMO MAKEHOP today announces that online store building solution, MakeShop now supports payment processing service, PayPal.
PayPal
PayPal is an online payment processing system that allows shoppers to make purchases without having to provide their credit card details. Users are able to make payments almost anywhere in the world without having to worry about language or exchange rates, and as a result the system is rapidly expanding worldwide.
MakeShop stores are already able to accept credit card, convenience store, net bank and e-money payments. By introducing PayPal, online stores can now provide an even greater range of payment processing options.
How to Implement PayPal
After completing an application through Epsilon(*) , store operators simply select the payment processing options they would like to offer from the administration screen. When a customer makes a purchase, the PayPal link will automatically be displayed allowing them to complete their payment using PayPal.
(*) Epsilon is a GMO Internet Group payment processing service.
Application Process | For New Epsilon Customers: From the MakeShop administration screen select “Service Options” then “Epsilon Application” to open an account. Select the PayPal payment processing method. For Existing Epsilon account holders: From the Epsilon administration screen select “Add Payment Processing Option” |
Evaluation | Epsilon completes the evaluation process on behalf of the applicant. The evaluation required by PayPal Japan is separate from the credit card payment processing evaluation. The process takes approximately two weeks. |
Fees | Please see the fee chart below |
PayPal Payment Processing Fees (All listed fees are tax inclusive)
Usage Fees | Business (*4) | Personal (*4) |
Set up Fee | Free | |
Monthly Commission | Free | |
Monthly Fee | 525 yen (Free for the rest of 2010 *2) | 315 yen (Free for the rest of 2010 *2) |
Payment Processing Commission(*3) | 3.6% + 40 yen per payment | |
(*2) Epsilon is currently holding a campaign offering free set-up/monthly fees. No fees will be charged until January 2011.
(*3) Commission charged by PayPal
(*4) Business/Personal classification is required to create a PayPal account. This is not a MakeShop requirement.
PayPal
PayPal is a fast, secure online payment processing service. The service allows account holders to make online payments without disclosing their credit card number or other personal information to the seller, and their wide range of available payment options includes bank transfer (in some countries), credit card, and promotional financing. PayPal is the global leader in online payment processing systems with over 200 million registered accounts and 87 million active users worldwide. Currently, the system handles 24 different currencies and is used in 190 countries. Headquartered in San Jose, California, PayPal is an online payment processing company and member of the eBay Group. The company’s overseas head office PayPal Pte. Ltd. is located in Singapore. Please visit www.paypal.com for more information.
(*) The number of account holders who have used PayPal more than once in the last 12 months.
GMO MAKESHOP
The core of GMO MAKESHOP operations is MakeShop, a feature-rich online store construction and management ASP service that can be operated and enjoyed by anyone. One of the world's top online store construction ASP’s, MakeShop has been used to establish over 19,000 PC and now mobile online stores in Japan and over 140,000 online stores in Korea. MakeShop is continuously developing new ecommerce services including ItemPOST, a product registration search portal and Live! a video editing suite, Shoptweet, a Twitter tool for ecommerce, and most recently Social Limited Time Sale, a group discount ecommerce service.
Media Inquiries
GMO MakeShop Public Relations
E-mail: [email protected]
GMO Internet Group Public Relations
E-mail: [email protected]
About GMO Internet Group
GMO Internet Group, headquartered in Japan, is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services worldwide. The group holds top domestic market share in domain registration, web hosting, and payment processing and provides a host of other Internet services including global online security services, ecommerce solutions, and Internet advertising to both businesses and individuals. At the centre of the group is GMO Internet, Inc. a company listed on the prestigious first section of the Tokyo Stock Exchange (TSE: 9449).
GMO MAKESHOP Co. Ltd.
Company Name | GMO MakeShop Co. Ltd. http://www.makeshop.jp |
Location | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Kazuyoshi Mukaihatake |
Business Description | - Ecommerce ASP Services - Ecommerce Solutions - Web Development |
Capital | 15,000,000 yen |
GMO Internet Inc.
Company Name | GMO Internet Inc. http:www.gmo.jp/en (TSE First Section Code: 9449) |
Location | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Masatoshi Kumagai |
Business Description | - Web Infrastructure & Ecommerce - Internet Media |
Capital | 1.27 billion yen |