Enables individuals and businesses to send and receive payments online securely, easily and quickly.

NetSuite, Inc., a provider of business application software for small and mid-size businesses, yesterday announced that it has integrated the PayPal payment service to provide businesses with ecommerce solutions that will streamline the ecommerce process. Merchants will now be provided with online payment options in conjunction with its ecommerce solutions.

The company says that the integration of PayPal provides seamless end-to-end online transactions with real-time visibility. It enables individuals and businesses to send and receive payments online securely, easily and quickly. Merchants can thus use the NetSuite PayPal integration to accept all major forms of payment, including Visa, MasterCard, American Express, debit cards and bank transfers. They can accept payments in six currencies -- U.S. Dollars, Canadian Dollars, Australian Dollars, British Pounds Sterling, Euros and Japanese Yen. The company also claims that the integration provides extensive fraud protection to protect merchants for wchich each of them has to pay a per-transaction fee of 1.9 percent to 2.9 percent plus 30 cents per transaction, depending on monthly volume.

"NetSuite is committed to giving its customers tools that help them maximize their online presence," said Zach Nelson, CEO of NetSuite. "By integrating PayPal in conjunction with NetSuite's ecommerce solutions, we are allowing our customers to make full use of one of the easiest and most intuitive payment methods on the Web."