London – Monday 22nd August 2011 – iMega have today launched a new and innovative payment gateway for popular eCommerce software Magento. The payment gateway allows UK based online retailers to offer instant credit to their customers, including 0% interest free credit, via Pay4Later’s retail finance gateway.
Online retailers can immediately introduce finance offers simply by adding the Pay4Later Payment Gateway to an existing Magento store. The Pay4later finance option is displayed at the checkout and express checkout buttons can also be added to each product page. The customer can select from a choice of credit options offered by the retailer (for example, 12 months interest free credit or 24 months classic credit) and specify a deposit.
Other Pay4Later Payment Gateway features include: configuration of finance options for each product, automated credit application management (accept, refer, decline, fulfill and cancel messages are automatically relayed) and support for custom Pay4Later account settings.
Paul Tarantino, Managing Director of iMegaMedia said “We started with the simple idea of making finance available to customers on Magento powered shops. By working with Pay4Later we’ve delivered exactly that. Customers can now apply for credit, sign their agreement and complete their purchase, entirely online in less than 5 minutes”.
Scott Law, Managing Director of Pay4Later added “We’re delighted to be working with iMega to give Magento retailers a great online finance solution. Paul and his team have done an exceptional job in delivering an easy to use plugin that fully integrates Pay4Later and Magento. Adding instant credit to your Magento store is now as simple as installing a plug in”.
Full product details can be found here.
