MONTREAL, Oct. 15 /CNW Telbec/ - Terra Payments Inc. (TSX: TPI - News), a leading international payments provider, announced that it has reached an agreement with popular web hosting company Ready Hosting Inc. The agreement will see Ready Hosting resell Terra Payments' credit card processing services to its customers. Ready Hosting has also selected Terra Payments as its supplier of electronic cheques, enabling it to accept customer payments by cheque, either over the telephone or online.
"Ready Hosting's customers are always looking for a simple, easy solution to accept credit card payments online. Until now our customers had to find their own solutions, piece them together and hope they worked seamlessly", said David Fricke, President of Ready Hosting Inc. "Terra Payments is not only enabling us to address this customer need via a turnkey credit card solution, they are also making it possible for our customers to pay their monthly hosting and services fees by electronic cheque. We expect these payment solutions to be embraced by our thousands of web hosting and domain name customers", added Mr. Fricke.
"Our strategy is to either sell our services directly to large merchants, or indirectly to smaller merchants through strategic partnerships," said Doug Lewin, Terra Payments' Senior Vice-President, Business Development. "Through our relationship with Ready Hosting, we're expanding in both of these areas. Ready Hosting will be selling our online credit card processing and acquiring solutions to its web hosting and domain name customers on a private labelled basis. In addition, they've selected us to be their processor of electronic cheques, enabling their customers to pay their monthly hosting and domain name fees over the telephone or online via cheque," said Mr. Lewin. "Agreements such as these are further validation of our market strategy and a testament to the quality of our payment products", added Mr. Lewin.
About Ready Hosting Inc.
Ready Hosting Inc. is a leading web hosting and domain name service provider with over 100,000 domain names under management. Ready Hosting is focused on providing a higher level of customer service, automated system setup and inexpensive startup costs. The company prides itself on providing our customers with not only the best services possible for the least expensive price, but to build a relationship with each individual who joins our family.
About Terra Payments Inc.
Terra Payments Inc. (TSX: TPI - News), formerly SureFire Commerce Inc., is an international leader in the payment processing industry. The Company provides technology and services that businesses require to accept credit card, electronic cheque and direct debit payments. Terra Payments processes credit card payments for retail point of sale, online licensed gaming, Internet and mail-order/telephone-order merchants, as well as processing cheques and direct debits online and by phone. Headquartered in Montreal (Quebec), Terra Payments has operations in Canada, the United States and the United Kingdom.
