The only PayPal alternative on eBay is scaling its services

[img_assist|nid=10304|title=|desc=|link=none|align=left|width=100|height=100]The sole third-party payment processor that was admitted to eBay auction for today ProPay Inc. is making arrangements to better take advantage of the opportunity of serving eBay merchants. “We see this as a growth opportunity,” says Greg Pesci, executive vice president of business strategy for Orem, Utah-based ProPay. “It’s ready to scale.”

The payment processor is upgrading a payment-processing product that will be integrated into eBay’s checkout process, so that buyers won’t leave the eBay site. Merchants will be offered a merchant account to be able to accept credit and signature-debit cards on them. Besides they will be provided with an encrypted card reader that works with ProPay’s virtual terminal for card-present transactions.

In August eBay announced that it is going to terminate all checks or money orders for payments after late October. The auction also started an electronic-payments program requiring processors to integrate their products with eBay’s checkout. The only processors found to be ready were ProPay, which has been handling eBay transactions for about eight years, and eBay’s PayPal unit. At present time eBay is in talks with other processors expecting to attract more of them.