According to the press release, iMegaMedia is the developer of the Pay4Later Magento Module plugin that allows online retailers to offer instant credit to customers.
This partnership comes a month after PEER 1 partnered with retail ecommerce platform provider Magento (www.magento.com).
The Pay4Later Module provides online retailers with point-of-sale finance solutions (including interest free credit, low rate and classic credit) to offer to customers by adding the module to an existing Magento store.
The Pay4Later finance option is displayed on the product pages and at the checkout, according to the press release. Express checkout buttons can be added to each product page.
“PEER 1 is committed to providing the optimal hosting environment for ecommerce. Online shoppers need a fast, secure and convenient shopping experience,” Amanda Dunn, director of business development EMEA, PEER 1 Hosting, said in a statement. “With the addition of iMegaMedia’s innovative solution to online, point of sale credit, we are able to provide ecommerce businesses with the right technology in the best environment, allowing them access to new sales opportunities.”
“We did extensive research as part of the process of choosing PEER1 Hosting as our partner,” Paul Tarantino, managing director of iMegaMedia said in a statement. “We considered all of the obvious choices but it quickly became apparent that nothing stacked up to PEER1’s offering. Not only is the flexible and scalable service second to none, frankly nobody else can offer the technology.”
PEER 1 says its own 10GB FastFibre network reduces bounce rates. PEER 1 also says that it can offer accountability and security benefits because it is in control of its own network.