August 15th, 2010, Prague, Czech Republic - Press Release http://www.citopay.com

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 16, 2010 -- Citopay.com announced today it has completed an all-new EU Instant Bank Wire solution, planned to be finalized before the end of 3rd quarter 2010.

CitoPay merchants can now add this innovative payment solution to both new and existing merchant accounts. Citopay's Instant Bank Wire solution covers all major EU countries, such as the Netherlands, the United Kingdom, Germany, Spain, Austria, and many more.

Market data and research shows that only 23% of Europeans own a credit card, which means that traditional credit card billing does not work with approximately 77% of European customers. This enormous portion of the rapidly growing EU market is inaccessible to most online merchants right now. Furthermore, Europeans are traditionally reluctant to use their credit cards, especially when purchasing goods and services online.

With Citopay's Instant Bank Wire solution, merchants can increase their European revenues 4 to 5 times or more. Nearly 100% of Europeans have a bank account that supports CitoPay's Instant Bank Wire, a real time secure payment methods with no risk of chargebacks, another considerable advantage over traditional credit card billing.

CitoPay provides online businesses with Internet merchant accounts, enabling the processing of all major credit and debit cards: Visa, MasterCard, American Express, Diners Club, Discover, JCB and many other local debit cards. In addition, Citopay offers alternative payment methods such as ACH, Ideal, GiroPay, EPS, PostFinance, Przelewy24, Teleingreso, Poli and many more.

Contact us today at http://www.citopay.com or sales@citopay.com for an instant online merchant account. Citopay's commitment to excellence means that we approve most new merchant applications within 24 hours.

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