Trade Me acquires Paystation

trademeTrade Me is to buy Paystation, an online credit card processing and payments gateway based in Wellington.

The due diligence process is completed, and the sale and purchase agreement is unconditional. It is expected that the acquisition will be completed by the end of September.

The purchase includes Face, a web development company; and server hosting company, Netspace Services.

“It’s no secret that we want to make trading on Trade Me faster and easier. We think the mix of Paystation’s payments nous and Trade Me’s trusted community of buyers and seller holds a lot of opportunity,” Jon Macdonald, Trade Me CEO, said.

The purchase price remains confidential, with the purchase also cash funded.

Wellington-based Paystation has 17 staff and more than 2500 customers.

Gerard Creamer established the company in 2002 from his home in Palmerston North.


Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Yop Polls

Easter trading
Should retailers be allowed to open on Easter Sunday?


New Zealand-based buy now, pay later (BNPL) company Laybuy officially launched in the UK on Tuesday through a partn…

11 hours ago

Sigma board said cash-and-scrip approach by Australian Pharmaceuticals Industries had undervalued its long-term pro…

16 hours ago

New Zealanders trust their employers significantly more than they trust the government, NGOs, business or the media.

19 hours ago

FREE NEWS BRIEFS Get breaking news delivered