Ogone-owned online payment gateway service provider E-Billing Solutions (EBS) has partnered with the online payment provider PayPal, to become its first channel partner in the country. What Does the Partnership Entail? While the financial details of the partnership were undisclosed, EBS claims that this partnership will allow over 5,000 online merchants using EBS payment platform, to add PayPal as a payment option to their EBS merchant account and sell goods to 113 million active PayPal accounts in 190 markets across the world. The company claims to offer more than 70 payment options to merchants including the popular ones like Credit Cards, Debit Cards, Net Banking, Mobile payments and Cash Cards. As per the partnership, EBS has implemented a single sign-on mechanism for their merchants to access both their EBS and PayPal accounts, while PayPal's express checkout has now been integrated to EBS, providing merchants a single payment solution to accept online and mobile payments in about 25 different currencies, without any separate integration or compliance needed from the merchant side. There is no word on whether the partnership works on a revenue sharing basis or any other basis. Accept Payments From Day One: EBS claims that through this initiative, merchants can start accepting foreign currency payments right from day one, instead of the usual 30-day waiting period provided by other online payment systems and up to 90-day waiting period in the regular goods export model. Mayur Patel, India Country Manager, PayPal Southeast Asia and India also claimed that online merchants who have integrated PayPal as…
