Gemnation Corporation Begins Accepting International Payments Via Credit Card

Online luxury goods retailer Gemnation Corporation announces integration with online international payment gateway PAILY.com

(PRWEB) January 17, 2007 -- Gemnation Corporation, a leading online diamond, jewelry, gemstone and luxury watch retailer, announced on January 15 that it has introduced its much anticipated international credit card billing gateway. The new payment gateway allows international customers to purchase luxury goods from the online store using their country-based VISA and MASTERCARD. Previously, Gemnation only accepted US-based credit cards and required wire transfer payments from their international customers.

"About 15 percent of our business is international," said Emily Berman, president of Gemnation. "We have had countless requests to accept international credit cards, but the potential for online fraud was just too great. In 2007 we expect international transactions to account for as much as 40 percent of total revenue." She adds, "Now that we have partnered with PAILY.com, the leading international payments company, both Gemnation and its customers can rest easy that the transaction will be safe, encrypted and legitimate."

"Gemnation's revenue has doubled annually for the past four years and we are seeing explosive international growth. We cannot afford to exclude a large percentage of our potential customers. PAILY has been an excellent partner in the integration process, and we look forward to dealing with them on a continued basis. Their payment system is easy to use and gives us access to billions of foreign customers."

GEMNATION, a New York based retailer, now in its fifth year online, continues to garner glowing reviews from its growing contingent of satisfied customers.

###