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NetPay and Costco finalise partnership to bring merchant services to members

December 16th 2013

Eastleigh, UK –: NetPay and Costco Wholesale have announced a multi-year partnership that will see NetPay’s merchant payment services offered to Costco members as part of their services package. The merchant payment services will be promoted in all of the 25 Costco warehouses nationwide from October 7th as well as via the costco.co.uk website. This underlines Costco’s commitment to reduce the cost of doing business for its members and NetPay’s commitment to support the growth of businesses nationally by working with key partners.

Carl Churchill, Managing Director, NetPay said “Costco’s ethos is to help small-to-medium-sized businesses reduce the costs of purchasing, whilst delivering unbeatable customer service, which is totally aligned with our own objectives and why this partnership works so well. We are offering Costco’s members the opportunity to significantly reduce the cost of their merchant payment services whilst delivering the quality of service they would expect from their provider.”

Mel Young, UK Marketing Services Manager said “We chose NetPay as our partner for merchant payment services because of their variety of payment hardware to suit any business. Additionally their Revolution platform, gives our members complete visibility and control of their transactions enabling them to make informed decisions. “

Churchill continues “Historically small-to-medium-sized business were unaware that they could procure merchant payment services anywhere other than their High Street banks. NetPay is now offering merchants a competitive alternative, with open, honest and transparent rates with access to Revolution our unique reporting analysis tool.

We are delighted to be working with Costco to bring this opportunity to their members and look forward to supporting them in taking advantage of the NetPay services.”

About NetPay

NetPay Solutions Group is a multi-channel, payment service provider offering a range of online processing, payment terminal and merchant services through strategic partners. The business operates from offices in both the UK and Ireland.

The Group supports a number of partners in a diverse selection of industries including financial services, telecoms, cash and carry wholesale, cost consultancy and trade associations, enabling these organisations to offer card processing and related services to their customers and members.

The business has experienced considerable growth by focusing on the challenges businesses experience when using card processing services and seeking to resolve these challenges through a combination of great technology, great service and great value.

For more information on NetPay visit www.netpay.co.uk

About Costco

Costco currently operates 649 warehouses, including 461 in the United States and Puerto Rico, 87 in Canada, 34 in Mexico, 25 in the United Kingdom, 18 in Japan, 10 in Taiwan, 9 in Korea and 5 in Australia. Costco also operates electronic commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada), and www.costco.co.uk (United Kingdom).

The NetPay proposition presents a series of unique opportunities to different types of business. Our range of NetPay for... guides talk through how to capitalise on the payments opportunity by partnering with NetPay.

NetPay for...

The NetPay wholesale proposition enables you to offer your customers payment terminal and online payment services, more cost effectively than the High Street banks, in your own brand, billed and supported by you - powered by NetPay.

Wholesale

The NetPay reseller proposition enables you to offer your customers payment terminal and online payment services, more cost effectively than the High Street banks, signing them up to NetPay in exchange for a recurring commission.

Reseller

The NetPay payment services focus on the functionality beyond just the transaction itself. NetPay provide detailed, comprehensive management information and consumer intelligence through our Revolution platform.

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