SOURCE: buySAFE

June 05, 2007 08:00 ET

buySAFE Forms Strategic Partnership With Leading Merchant Account Provider e-onlinedata

More Than 10,000 e-onlinedata Customers Can Now Integrate buySAFE to Increase Shopper Confidence, Website Conversion Rates and Revenue

ARLINGTON, VA--(Marketwire - June 5, 2007) - buySAFE, Inc. (www.buysafe.com), the leading trust and safety company for e-commerce transactions, today announced that it has formed a strategic partnership with e-onlinedata, Inc. -- the nation's leading e-commerce merchant account provider -- to make buySAFE available to e-onlinedata customers. Under the terms of the partnership, merchants that pass e-onlinedata's application process and are approved for a merchant account will be automatically approved for a trial account of the buySAFE Certified Merchant service, free of charge.

Approved merchants will display the buySAFE Seal, which certifies that they are trustworthy and reliable, are continually monitored, and that their customers' purchases can be fully guaranteed with a bond from buySAFE and its surety partners Liberty Mutual, Travelers, and ACE USA. Merchants that use buySAFE experience higher conversion rates, higher sales, and more frequent repeat shoppers, and also earn additional revenue from any buySAFE bond guarantees their customers purchase. As part of the strategic partnership, buySAFE Merchants will also receive discounted pricing on e-onlinedata's suite of credit card processing and payment gateway solutions.

"We are very pleased to partner with e-onlinedata, one of the premier providers of merchant account services," said Jeff Grass, buySAFE CEO. "e-onlinedata eliminates risk for online merchants by offering them safe, trusted solutions for accepting and processing online payments. Likewise, buySAFE creates a virtually risk-free online shopping experience for consumers by identifying the most trustworthy, reputable merchants and guaranteeing their transactions. By forming this partnership, we are able to address merchant and shopper risk simultaneously, making the entire e-commerce ecosystem safer and more efficient."

"e-onlinedata is pleased to be working with buySAFE to offer our quality processing solutions to their clients," said Stephen Goodrich, e-onlinedata president. "Equally important to e-onlinedata is the opportunity to provide our merchants with buySAFE's seal of trust and reliability that will help them convert more shoppers to buyers and increase their sales."

buySAFE's robust technology platform allows various e-commerce service providers -- including storefront/checkout providers, information and site security providers, payment processors, and back office management companies -- to offer buySAFE to its merchant customers. To date, buySAFE has integrated with more than a dozen e-commerce service providers, giving more than 175,000 Internet merchants the ability to install and use buySAFE in a matter of minutes.

About buySAFE

buySAFE, Inc. is an expert at ensuring safe, reliable and virtually risk-free online shopping. buySAFE and its surety partners -- Liberty Mutual, Travelers, and ACE USA -- certify online merchants to ensure they are trustworthy and reliable, monitor them continuously, and stand behind the certification by guaranteeing a shopper's purchase with a bond, up to $25,000. buySAFE is the only company in the world that provides online merchants with an explicit third-party endorsement of their reliability and trustworthiness, backed by a bond guarantee.

buySAFE has been proven to increase buyer confidence by providing certified merchants with the buySAFE Seal for display on their Website and by enabling shoppers to guarantee their purchase with a bond. In so doing, buySAFE also benefits merchants because shoppers are more likely to buy when they have trust and confidence that the merchant will perform as promised. With increased buyer confidence, buySAFE Merchants typically enjoy higher Website conversion, more repeat buyers and a better ROI on all their marketing dollars. buySAFE has guaranteed more than 12 million online purchases with a surety bond. buySAFE is headquartered in Arlington, Virginia. More information is available at http://www.buysafe.com.

About e-onlinedata

e-onlinedata is the nation's leading eCommerce merchant account provider. e-onlinedata provides processing solutions to more than 10,000 U.S.-based companies through their reseller channel of Web Hosts, Web Developers, Shopping Carts and Billing Solutions providers. e-onlinedata is one of Authorize.Net's largest resellers and their proprietary branded Online Application features INSTANT ESTABLISHMENT of the Merchant ID Number (MID) providing their Value Added Resellers and merchants maximum efficiency in boarding and approving new eCommerce merchant account applications. Visit www.e-onlinedata.com for more information.

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