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Paymate is an ex-Australian online payments facilitator which started operations in October 2001. The service is similar in outcomes to PayPal but directly deposits funds into the recipient's bank account. The company was selected in 2008 and fully integrated into eBay in 2009 as one of 3 approved payment providers in response to antitrust concerns. Paymate provides Internet-based payment services to buyers in 57 countries around the world and to sellers in North America, Australia, and New Zealand. Paymate moved their global headquarters to Silicon Valley, California in 2009 and recruited on one of the early internet commerce pioneers Garrett Gafke to take over as CEO. Garrett Gafke was with VeriFone's Internet Commerice division that Hewlett Packard purchased, and then part of the initial management team at CyberSource who is now owned by Visa.
The company is also registered in Australia (ABN 91 093 528 002) and now Canada. Paymate is an accepted payment method to use with eBay. Paymate also holds an Australian Financial Services License and is regulated by ASIC.
Paymate has offices in Silicon Valley, USA, Ottawa, Canada, and Sydney, Australia. The company provides information, risk and financial management services tailored for global e-commerce. The company is managed by a small but highly experienced team with a background in banking, payments and information technology.
The mission of the company is to help the client trade with the world. Paymate prides itself on being trusted for the secure conduct of financial transactions, reliable in all their dealings and friendly in delivering services to the clients.
The client can use Paymate to receive online payments via credit card. The client does not need to have a merchant facility with a bank, a secure website or gateway processor service. |
