LOS ANGELES & ARLINGTON, Va.--(BUSINESS WIRE)--Magento, the leading provider of open-source eCommerce platform software, announced the addition of buySAFE, Inc. as a Platinum Industry Partner. As part of the ever expanding Magento ecosystem, buySAFE will provide transactional guarantees to consumers making online purchases. A custom-built buySAFE extension for Magento will provide a seamless installation process for Magento Enterprise customers.
buySAFE transactional guarantees are used by thousands of online retailers to increase conversion and customer satisfaction. The buySAFE Guaranteed Program works by providing tangible benefits that address the three primary concerns of online shoppers – identity theft, transaction integrity and the assurance that they are getting the lowest price.
The buySAFE 3-in-1 Guarantee includes:
- $10,000 Identity Theft Protection: comprehensive identity theft coverage
- $1,000 Purchase Guarantee: full 3rd party guarantee of the purchase terms of sale
- $100 Lowest Price Guarantee: same store price drop protection, if the price drops, buySAFE pays the difference
“buySAFE provides an effective solution for increasing website conversion and improving the online shopping experience,” said Phil Robinson, Vice President of Business Development for Magento. “We are pleased to have this valuable service available to the Magento community and see that both merchants and shoppers will benefit from buySAFE transactional guarantees.”
"We are excited about our new Platinum Partnership with Magento," said Jeff Grass, buySAFE CEO. "We are confident that the buySAFE transactional guarantee program will provide tremendous value to the growing community of online retailers who are using the Magento platform. With the buySAFE extension for Magento, merchants can easily install buySAFE to take advantage of a 30-day free trial and experience the conversion and customer satisfaction benefits for themselves."
The buySAFE extension can be downloaded from the Magento Connect marketplace www.magentoconnect.com.
About Magento
Magento (http://www.magentocommerce.com/) is a feature-rich, open-source, enterprise-class eCommerce solution that offers merchants a high degree of flexibility and control over the user experience, catalog, content, and functionality of their online store. In August 2011, Magento was acquired by eBay Inc., and is now part of the X.commerce division (www.x.com). Launched in 2007, the Magento platform now serves tens of thousands of merchants worldwide, and is supported by a global community of solution partners and third-party developers. Magento Go is a hosted, software-as-a-service solution that provides small and growing merchants with the ecommerce tools they need to succeed online. Based in Los Angeles, Magento, Inc. is a fast-paced, entrepreneurial organization dedicated to the mission of enabling the eCommerce ecosystem. www.magentocommerce.com
About buySAFE
buySAFE, Inc. provides a website conversion and transactional guarantee program for online retailers to increase profits and customer satisfaction. buySAFE is partnered with Liberty Mutual, Travelers, and Assurant Specialty Property. With over 5 billion online impressions of buySAFE each year, 21 million guaranteed purchases and over 5,000 buySAFE Merchant websites, buySAFE is widely recognized as an industry leader in providing its unique guaranteed shopping programs. buySAFE's investors include Grotech Ventures, Core Capital Partners, Symantec Corporation and The Hartford Financial Services Group. For more information, visit: http://www.buysafe.com