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ChronoPay Forms Strategic Alliance with Trusted Shops

by: Petertje - May 01, 2006

AMSTERDAM, NETHERLANDS – ChronoPay B.V., the leading European Online Payment Services Provider, announced that is has formed a strategic partnership with Trusted Shops, a European organization, which reassures consumers of the safety of making purchases over the Internet by providing a Seal of Approval for Online retailers. ChronoPay and Trusted Shops have committed to a strategic relationship, which will further the objective of safe Online shopping for European Internet consumers.

The Trusted Shops Seal of Approval has come to represent Europe’s most highly regarded indicator of quality for Internet Retailers. When making a purchase from Online Shops displaying the Seal, consumers throughout Europe are insured of a money-back guarantee, cover against non-delivery and non-refund of online purchases, mediation of disputes between the consumer and retailer, as well as a host of other services and warranties.

Supported by the European Union, the Trusted Shops system is currently spreading across Europe, with particular focus on the United Kingdom, Germany, France, Belgium, The Netherlands and Scandinavia. Today there are over 1,400 Internet retailers operating under the Trusted Shops security standard, with the numbers growing daily.

ChronoPay is perfectly positioned as the premier Online payment processor for European Web Shops, to work with Trusted Shops to increase the number of certified sites, provide transaction and fraud oversight, as well as to promote the initiative of safe Online shopping for European Internet consumers.

Our new relationship with Trusted Shops has many layers of synergy. ChronoPay has always been committed to a safe, secure Online shopping experience for our Merchants and the consumers who support them. Our Alliance with Trusted Shops offers a tremendous opportunity for ChronoPay to advance those goals by promoting the Trusted Shops Seal of Approval program to our Merchants, said Ivan Glazachev, ChronoPay’s Director of Business Development.

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