Press Release - January 10, 2007

Kagi Announces PayPal and Expanded Payment Options for Buyers

Berkeley, California — January 10, 2007 — Kagi, a leader in e-commerce outsourcing worldwide, today announced that it has released PayPal as a buyer payment option. This addition is expected to boost Kagi storeowner sales anywhere from 2% to 15%.

This latest move by Kagi represents the most recent in an ongoing process of payment option expansion. Just under two months ago, Kagi increased the number of currencies in American Express and JCB credit cards to six (USD, AUD, CAD, GBP, YEN and EUR) thus allowing Kagi storeowners to more easily access global buyers.

 “The release of PayPal and expanded currencies for JCB and American Express are just the first steps in a much expanded set of payment options that Kagi storeowners and buyers can expect to see in 2007.” says Kee Nethery, Kagi’s CEO. “Why is that important? Experience demonstrates that more payment options equal more sales. Kagi is committed to providing the widest possible range of payment options to help our storeowners sell more. It is a critical part of our strategy of helping Kagi storeowners to be more profitable.”

What payment options can buyers and storeowners look forward to in the coming months? Frank Patchel, Kagi’s President, says “You can expect to see more payment types geared to international markets. Kagi has always been strong in the international arena and it intends to continue to find new ways to enhance buyer attractiveness worldwide. By providing payment options that are more convenient and attract more buyers, we create a win/win/win environment for buyers, storeowners and Kagi.”

About Kagi

Kagi provides a fully outsourced online store solution, allowing storeowners to sell products easily and profitably worldwide. Since 1994, Kagi has provided the place for thousands of software authors and distributors, content providers and physical goods stores to sell online and reach more customers. Kagi offers a complete store solution including hosting services, order page and cart software, worldwide payment processing, tax management, affiliate support, customer care, buyer care and fraud prevention services all within a comprehensive global store.   

Contact
pressrelations@kagi.com

Kagi
http://www.kagi.com

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