Computer, Consumer Electronics E-Marketer Offers Secure and Flexible Payment
Service To Consumers; Announces the Launch of the Preferred Account Program
TIMONIUM, Md., Sept. 12 /PRNewswire/ -- I4 Commerce, the leading provider of alternative payment solutions for multichannel retailers, has signed up Newegg.com, a leading e-marketer of computer components and consumer electronics, to provide a Bill Me Later payment option to its online customers. By offering Bill Me Later, Newegg.com allows its more than four million customers to make purchases without entering credit card or account information and provides greater buying power and security. Additionally,
Newegg.com is teaming with I4 Commerce to introduce a Preferred Account program that enhances a customer's shopping experience at Newegg.
Newegg.com is one of the Internet's largest e-marketers, offering computer hardware and software, consumer electronics and communications products through the company's online superstore. Bill Me Later was chosen by the company to offer its shoppers a safe and easy method to buy online without the hassles and security issues inherent to credit card transactions.
Newegg.com is already starting to see significant returns from the service, particularly in response to promotional offers such as "90 days same as cash" and average shopping cart size has risen by 100 percent.
Newegg's Preferred Account program will offer all of the benefits of the traditional Bill Me Later service to Newegg.com while also providing additional features to customers. These features include a dedicated line of credit exclusively for Newegg.com purchases, instant approval processing and
Newegg.com branding throughout the customer billing and service experience.
Preferred Accounts will help to generate incremental sales growth, reduce transaction costs by 30 to 40 percent and provide valuable usage patterns that can help Newegg.com better serve its customers.
"We understand the limits and insecurity customers sometimes feel using a credit card on the Internet. Bill Me Later addresses that issue of security and allows us to provide Newegg.com's customers another way to pay for the widest product selection offered in the industry," said Simon Hsieh, CEO of
Newegg.com. "We feel I4 Commerce is integral to our continued growth and the company's services will help us attract and retain more customers. Our Preferred Account program lets Newegg.com offer an easy-to-use and secure payment service with promotional financing and simultaneously lowers our transaction costs."
"Major online retailers such as Newegg.com are setting a new standard for customer service by offering consumers the latest, most secure and convenient
methods to buy online," said Gary Marino, CEO of I4 Commerce. "By offering a suite of strategic, secure purchasing options like Bill Me Later and the Newegg Preferred Account, merchants are able to encourage repeat business with reduced overhead, thereby driving increased sales and reaping greater profits."
About Newegg.com
Newegg.com is an e-marketer -- an online computer, consumer electronics and communications product superstore -- offering the widest product selection of IT brands and CE brands in the industry. At Newegg, consumers can find product information, how-to's, customer reviews and opportunities for community interaction.
Founded in 2001, Newegg has more than four million registered customers and over 1,000 employees globally. Newegg is headquartered in City of Industry, Calif. For more information, visit
About I4 Commerce
I4 Commerce's network of alternative payment solutions helps multichannel retailers to attract, satisfy and retain customers at the point-of-sale. Through the company's offerings, merchants can leverage consumer insight to make successful real-time retailing decisions that drive sales.
Hundreds of thousands of consumers rely on the safety and convenience of I4 Commerce's payment solutions when shopping online, via catalog and in-store to help save both time and money. I4 Commerce's alternative payment solutions are the first new payment methods since credit cards to be so broadly available within the United States. For more information, visit
Contacts:
Gordon Ryan or Scott Love
Schwartz Communications
781-684-0770
Heather Fields
I4 Commerce
443-921-1961
Thomas Schwartz
Newegg.com
(562) 271-4106