Zappos.com Makes Payments Easier with Bill Me Later

TIMONIUM, Md.--(BUSINESS WIRE)--I4 Commerce today announced that Zappos.com has enhanced the online shopping experience for its customers with the Bill Me Later payment service. Bill Me Later provides Zappos.com customers with a safer and more convenient way to pay for shoes, handbags and other accessories online. Customers that use Bill Me Later on Zappos.com can currently take advantage of flexible financing such as no payments for 90 days.

“Zappos.com customers expect selection and convenience. This includes when it is time to pay for their purchases. Bill Me Later is the only payment method that meets both of these desires and it is a key element of our business.”

“Our mission from day one has been to offer the best shopping experience of any online retailer and we have accomplished this through relentlessly focusing on what our customers want,” said Tony Hsieh, CEO of Zappos.com. “Zappos.com customers expect selection and convenience. This includes when it is time to pay for their purchases. Bill Me Later is the only payment method that meets both of these desires and it is a key element of our business.”

I4 Commerce enables retailers to take back and simplify the payment experience to capture lost sales, increase customer loyalty and maximize profits. Through a single implementation of its PayCapture suite, merchants gain access to a set of technology solutions including Bill Me Later, promotional financing, private label credit and integrated marketing programs.

“Leading online retailers like Zappos.com know innovation and service grow a business,” said Vince Talbert, vice president of marketing at I4 Commerce. “Bill Me Later is a strategic marketing advantage for Zappos.com and other retailers because it helps them to build incremental sales by turning browsers into buyers. Retailers are quickly realizing that when customers feel secure making online purchases and have access to flexible financing options, they are more likely not just to buy, but to return frequently and spend more.”

About Zappos.com

Established in 1999, Zappos.com has quickly become one of the leaders in online shoe and handbag sales by focusing on providing shoppers with the best possible service and selection. Zappos.com currently stocks 3 million shoes, handbags, apparel items and accessories from over 1,100 brands in warehouse space totaling 905,000 square feet. Ranked #79 in 2006 on Inc. Magazine’s list of 500 fastest-growing private companies in the U.S., Zappos.com’s 2006 sales topped $597 million, strongly surpassing its 2005 revenues of $370 million. The company was recently named “Best of The Web” for 2006 by Internet Retailer. Zappos.com was also included in Time Magazine’s “25 Sites You Can’t Live Without.” Zappos.com’s Customer Loyalty Team is available 24/7, 365 days a year. For more information about Zappos.com, please visit www.zappos.com.

About I4 Commerce

I4 Commerce is a rapidly growing technology company helping to connect leading merchants with high value customers by improving the purchase experience. I4 Commerce’s payment and marketing technology solutions help establish and maintain trusted relationships between hundreds of top tier retailers and high value customers at the point-of-sale. Millions of consumers rely on the safety and convenience of I4 Commerce’s payment solutions when shopping online, via phone and in-store to help save both time and money. The solutions are the first new payment methods since credit cards to be so broadly available within the United States. For more information, visit www.I4commerce.com.