Tradeshift now provides integrated payments with PayPal

Feb. 23, 2011 - PRLog -- London, Wednesday, 23 February 2011: Tradeshift,The global business network that allows anyone to exchange invoices for free, today announced the integration of PayPal payments. The new offering between PayPal and Tradeshift will give customers the ability to make direct payments of their invoices which results in faster transactions and reduced rates for international transfers when compared to regular banks.

Customers can pay invoices within Tradeshift simply by clicking “Pay with PayPal". Information from the invoice is automatically populated meaning no manual reentering of data, saving time and reducing human error making invoicing and trading more effective.

Christian Lanng, CEO of Tradeshift says “since we launched Tradeshift, our customers have been asking for the ability to pay invoices faster and more seamlessly. We are very happy to have released this new offering”.

PayPal payments is extremely disruptive compared to global bank fund transfers. Together with PayPal and combining the social network technology with e-business, organisations can get paid even faster.

Lanng concludes, “As an added benefit, our Tradeshift customers in the UK and the US can pay with PayPal Business Payments which means they only pay a minimal flat rate regardless of how large the payment amount is. All they need is a PayPal business account”.

To celebrate integrated Tradeshift payments with PayPal, the first 250 TechCrunch readers who sign-up and invoice Tradeshift with the line “Shift Happens” in the invoice using PayPal payments will immediately receive $10 . In addition,Tradeshift is giving new and existing customers an additional $5 in PayPal payouts for each contact they introduce to Tradeshift.

For more information on Tradeshift and to start inviting contacts go to: tradeshift.com/paypal-payments

Tradeshift is based in Copenhagen with offices in London, Munich, Bern, and Brasilia with customers in 150 countries. Tradeshift were awarded Best Enterprise 2010 at The TechCrunch Europe startup awards and employ 40 staff covering 15 nationalities.

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About Tradeshift
Tradeshift is a global startup with the ambition to change the way we do business by allowing organizations to exchange invoices for free. It connects businesses to all their suppliers and customers regardless of company size not only saving time but also ensuring they get paid faster.

The initial driver behind Tradeshift’s formation was frustration with available solutions and technology, but soon the company’s founders realized that a fundamental shift in the focus of business networks was needed. They aimed to create a new kind of network – one that focused on people and business relationships as well as transactions. Tradeshift also provides Open APIs which allows developers to build their own apps utilizing the UI. This means customers can access and use these apps to extend and improve their business processes

Customers include Coop, TDC, DT Group and DSV. Tradeshift were awarded Best Enterprise 2010 at The TechCrunch Europe startup awards.