PayByCash has announced an agreement to accept and
process Russia’s Yandex Money E-Wallets as a secure Internet payment
method for online merchants world-wide. Yandex Money serves an important
need in Russia – an enormous market in a G8 nation that has little
credit card penetration. PayByCash is the only Western company capable
of processing Yandex Money payments.
Russia is not a unique case. Credit cards are not as dominant in most
countries as they are in the United States. Many consumers in the United
States prefer non-credit card payment methods as well. Thus, in all
markets – domestic and international – PayByCash delivers more customers
and more sales to every participating merchant.
Yandex is the most popular internet portal, and among the largest
payment providers, in Russia. With the addition of Yandex to its nearly
70 payment providers, and acceptance of most world currencies, PayByCash
now provides Internet merchants easy, secure access to a vast and
populous country in addition to customers in over 230 nations.
About PayByCash(TM) (Internet Payment Solutions, Inc.)
Internet Payment Solutions, Inc. (“PayByCash(TM)”) provides more than 70
payment methods reaching into all regions of the world, typically with
no transaction fee to the merchant. Most payment methods cannot be
charged back. One straightforward integration gives merchants all the
PayByCash payment options. PayByCash handles all foreign currency
acceptance and alternate payment option support.
PayByCash has been empowering non-credit-card customers and the Internet
businesses that want to reach those customers since April, 1998.
PayByCash bridges the gap between merchants seeking to take advantage of
the Internet’s global reach and consumers who want or need to pay
without a credit card. Through PayByCash, merchants gain the ability to
easily accept an unprecedented and constantly expanding breadth of
payment methods. For more information visit www.paybycash.com.
Founded in 2002, Yandex became the first Internet firm in Russian
history to pay dividends to its shareholders. Today, with its search
engine, email, WiFi network, payment system, and its immense online
community, Yandex is the largest, most important Internet resource in