BuyKorea.org supports Credit Card Payment And Protects Any Amount Below 3000$ From Transaction.

PRLog (Press Release) – Dec 13, 2007 – BuyKorea, Korea’s B2B e-trade portal, launches new payment system KOPS (KOTRA Online Payment Service).

International trade business keeps growing but Korea’s e-trade market is still at staggering stage. KOTRA e-trade team announced that they have launched online-payment system which supports credit card since August 2007. This KOPS service supports credit card payment and protects any amount below 3000$ from transaction. So the expansion of e-trade market for small & mid sized business is expected via KOPS.
Because small business e-trade doesn't have any payment system, so their import & export transactions have problems. KOPS solves this problem.

"We are confident that KOPS will become one of the major B2B e-trade systems in the world thus improving competitiveness of on-line exports in Korea and minimizing B2B trade obstacles from uncollected payments." KOTRA e-trade team leader Jong-Seong Won said. And he said "KOPS website is an online payment settlement site operated directly by KOTRA under the aegis of the Korean government and therefore, the safety of buyer & importer's transaction is fully assured. If buyers & sellers using KOPS can benefit from such transaction security without visiting their local banks in person, this eventually allows them to avoid transaction costs while earning user mileage on the credit card, exempts them from paying existing wire transfer fees and enables them to utilize account credit to extend payment terms by 30 days. "

More than 500 member companies are using this service now. KOTRA’s B2B e-trade services can application in buykorea site and can use free membership service.

For further information regarding KOPS and its benefits, please visit the website and find out contact information of the closest Korea Trade Center near you.(http://etrade.buykorea.org)