A leading vendor of on-demand, integrated business software suites that include Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) and Ecommerce software for small and midsized businesses and divisions of large companies, NetSuite Inc., announced today the integration between NetSuite's Ecommerce shopping cart and PayPal's Express Checkout online payment service. NetSuite's integration of PayPal Express Checkout, announced in conjunction with the new NetSuite Ecommerce Company Editions (see accompanying release), delivers an all-in-one payment platform for ecommerce companies that can reduce shopping cart abandonment and increase sales. For more information about NetSuite's PayPal Express Checkout integration, please visit www.netsuite.com/paypal.

Online shoppers are increasingly more selective about where they shop and are seeking out merchants that provide safe, convenient shopping experiences, as ecommerce has become an important sales channel. A recent study by PayPal and Jupiter Research published in March 2008 confirms that:

    * 62% of consumers feel more secure when they do not have to enter credit card information online, even at merchants' sites that they trust.
    * One out of every three online shoppers wants to avoid filling out name, address and credit card details.
    * 66% of consumers prefer online stores that offer multiple payment mechanisms.

NetSuite's integration of PayPal Express Checkout addresses many of these challenges. The addition of PayPal Express Checkout provides the shoppers the convenience of checking out in just three clicks without needing to re-enter shipping and billing address information, not only giving the security of not sharing their financial information with ecommerce merchants.

For merchants, the benefits of NetSuite's PayPal Express Checkout integration are numerous. They already have real-time visibility with NetSuite, into all their business operations in one system - from the online store, to inventory, fulfillment, shipping, marketing promotions and customer buying patterns for up-sell and cross-sell analysis. The addition of PayPal Express Checkout to their NetSuite-powered Web Stores gives them access to more than 141 million PayPal accounts in over 190 markets around the world. With a large account base of savvy online shoppers, small- and medium-sized businesses often see an average sales lift of 14 percent (as found by a PayPal survey of e-tailers).

Merchants can additionally use NetSuite's PayPal Express Checkout integration to accept payments from a variety of sources including credit cards, debit cards, bank accounts and PayPal account balances. NetSuite merchants, With PayPal, can take advantage of it's global platform and accept payments in 17 currencies - US Dollars, Canadian Dollars, Australian Dollars, British Pound Sterling, Euros, Japanese Yen, and more. The NetSuite PayPal Express Checkout integration, finally, provides fraud protection to help protect merchants against risks associated with ecommerce.