To: red_dog who wrote (11944 ) 6/30/1999 8:02:00 PM From: red_dog Respond to of 29970
Excite@Home and Billpoint Make Online Buying and Selling Easy in Excite Classifieds and Auctions BusinessWire, Wednesday, June 30, 1999 at 10:06 REDWOOD CITY, Calif.--(BUSINESS WIRE)--June 30, 1999-- Billpoint's comprehensive e-commerce service provides a method for online payment between individuals on Excite Classifieds and Auctions Excite@Home (NASDAQ:ATHM) and Billpoint today announced that Excite Classifieds and Auctions users will now be able to use Billpoint's person-to-person payment service to securely buy and sell in the computers, general merchandise and collectibles categories using their credit cards. Billpoint's suite of payment processing and reporting services will enable individual sellers on Excite to accept credit card payments easily and safely over the Internet without incurring the costly set up fees normally associated with credit card processing systems. "As the leading provider of classifieds, and with a growing base of auction users, Excite provides a convenient and user-friendly marketplace for our users to conduct person-to-person e-commerce," said Andy Halliday, VP of Commerce. "By integrating the Billpoint service, we now offer an integrated, safe, easy-to-use method of payment for private party Web transactions." Excite buyers will be able to purchase items with a credit card and buy with confidence from individuals online when both buyer and seller use the Billpoint service. "We expect Billpoint to make e-commerce transactions between individuals as easy as buying from an established online store," said Hope Chen, chief operating officer and co-president of Billpoint. "By working with Excite@Home, Billpoint will offer Excite's classifieds and auctions users an easy and hassle-free way to buy and sell from each other online." When an Excite classifieds or auctions user places an item for sale in the computers, general merchandise or collectibles area, they will be given the option of accepting credit card payments right from their classified or auction listing. When a seller chooses to use the Billpoint service, a 'Buy Now with Billpoint' button will appear on their classified ad or as a link in the email that goes out at the end of their auction. When a buyer clicks on the button or link and enters their credit card information, Billpoint verifies the availability of the buyer's funds and notifies the seller that it is OK to ship the item. For buyers, payment now becomes an integral part of the overall online transaction. With Excite's leadership in the online classifieds space and a growing presence in auctions along with Billpoint's innovative payment processing and reporting services, these two companies hope to make person-to-person e-commerce an even safer, more convenient and satisfying experience for online consumers.