B-to-B online auction marketplaces Liquidation.com and GovDeals.com
now accepting payments through PayPal Canada
TORONTO AND WASHINGTON, June 2, 2011 /CNW/ - PayPal Canada and Liquidity
Services, Inc. (NASDAQ: LQDT) today announced that Canadian buyers will
now be able to use PayPal as well as Canadian credit cards to transact
on Liquidity Services' B-to-B online auction marketplaces, www.Liquidation.com and www.GovDeals.com.
The addition of enhanced payment processing is an initial step of a
larger program by Liquidity Services to make it easier for Canadian
businesses and individuals to buy surplus assets from leading
retailers, government agencies and multi-national energy companies
through its network of online auction marketplaces.
Canadian buyers will now be able to pay for their purchases under
US$5,000 on both GovDeals.com and Liquidation.com using a credit card
or PayPal. Previously, all non-US buyers on these sites, including
Canadian buyers, were required to pay by wire transfer.
"PayPal Canada's collaboration with Liquidity Services removes a
friction point that exists across borders and in the exchange of
different currencies. We are excited to provide Canadians with a
faster, safer and easier way to pay which will enhance the buying
experience for Canadians looking to purchase from U.S. based
marketplaces such as Liquidation.com and GovDeals.com," said Darrell
MacMullin, Managing Director of PayPal Canada.
"Liquidity Services has grown to be the largest online sales channel for
surplus assets in the United States and we are excited to simplify our
payment options for our current and prospective buyers in Canada," said
Bill Angrick, CEO of Liquidity Services. "Extending our existing
relationship with PayPal to support Canadian buyers is the first step
in our broader plan to streamline the entire process of trans-border
logistics between the U.S. and Canada."
Liquidity Services' current base of 1.5 million registered buyers across
116 countries includes over 33,000 Canadian buyers. In addition,
Liquidity Services is the sales channel for a small but growing number
of Canadian retailers seeking to enhance recovery value on consumer
returned and overstock merchandise.
About PayPal Canada
PayPal is the faster, safer way to pay and get paid online. The service
allows members to send money without sharing financial information,
with the flexibility to pay using their account balances, bank accounts
and credit cards. With more than 98 million active accounts in 190
markets and 25 currencies around the world, PayPal enables global
ecommerce. PayPal is an eBay company. The company's open payment
platform, PayPal X, allows developers to build innovative payment
applications on multiple platforms and devices. More information about
the company can be found at https://www.paypal.ca.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations,
public sector agencies and buying customers the world's most
transparent, innovative and effective online marketplaces and
integrated services for surplus assets. On behalf of its clients,
Liquidity Services has completed the sale of over $2.0 billion of
surplus, returned and end-of-life assets, in over 500 product
categories, including consumer goods, capital assets and industrial
equipment. The company is based in Washington, D.C. and has
approximately 700 employees. Additional information can be found at: www.liquidityservicesinc.com.
SOURCE Liquidity Services, Inc.
For further information:
Liquidity Services, Inc.