[B]Paymate is an
Australian online payments facilitator which started operations in October
2001. The service is similar to the
US based
PayPal.
Paymate offices are located in
North Sydney,
Australia. The company is owned by a private consortium of business people. The
Paymate service has experienced a downturn in transactions since
PayPal expanded its services into
Australia. However the service is still popular with
eBay users, as it is an eBay recommended payment service.
On
7 August 2002 Paymate launched
Paymate Express. With the new service buyers do not need to register and the
money is deposited into the seller's Australian bank account.