Argos Introduces PayPal as Payment Partner

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Over 26 million UK PayPal accounts can now be used on the UK high street's leading online shop in time for the arrival of 5,000 new catalogue product lines

We're delighted that our customers can now use PayPal on Argos.co.uk - one of their favourite online shopping sites.

As Argos stores prepare for the launch of the 75th Argos catalogue this weekend, Argos.co.uk customers now have the option of paying with PayPal. The launch of this new payment option demonstrates Argos' commitment to a market leading multi-channel strategy that aims to provide an increasing choice of reservation, delivery and payment methods for its customers.

The partnership means that PayPal now has its faster and safer payment method on one of its customers' favourite retail websites. According to recent Forrester research, a third of people polled chose PayPal as their favourite online payment solution.

By accepting PayPal payments, Argos believes it can gain incremental sales from avid PayPal customers who choose to not use payment cards online and prefer the renowned security and convenience of PayPal.

Argos has an extended range of over 10,000 products online from existing new video games consoles like the Nintendo 3DS available for pre-order now. Also new for 2011 is 'goCreate', an exciting new mix and match range of sofas with over 1,400 different combinations to choose from in the new catalogue and the online creation tool.

Argos has experience of being a PayPal merchant through the Argos Clearance Bargains, a sales channel on eBay dedicated to selling surplus stock of small consumer electronic products. Since the channel's launch in February 2007, PayPal has processed payments for over 750,000 eBay marketplace transactions for Argos. Adding PayPal as a payment option on Argos.co.uk was a natural next step.

Both companies will be looking to increase their m-commerce customer propositions in 2011. PayPal is a global leader in mobile payments, with more than a million of its UK customers making payments on their mobiles. Globally, PayPal generated $750 million in total payment volume through mobile in 2010 - up from $25 million in 2008. Mobile is seen to be a potential growth area for the payment partnership.

Cameron McLean, General Manager, Merchant Services at PayPal UK said, "We're delighted that our customers can now use PayPal on Argos.co.uk - one of their favourite online shopping sites."

Note to News Editors: For more information contact Media Relations, tel: 0845 120 4365, mobile: 0771 3064079

About Argos
Argos is a unique retailer recognised for choice, value and convenience. It sells general merchandise and products for the home from over 750 stores throughout the UK and Republic of Ireland, online and over the telephone. In the last financial year, Argos sales were £4.3 billion.

Argos serves over 135 million customers a year through its stores. On average, 17 million UK households, or around two thirds of the population, have an Argos catalogue at home at any time. Argos expects to add around 10 stores this year and its internet site, http://www.argos.co.uk, was the most visited high street retailer online in the UK in 2009.

Argos is part of Home Retail Group, the UK's leading home and general merchandise retailer.

Home Retail Group has been awarded the Carbon Trust Standard which certifies that we have genuinely reduced our carbon footprint. We call our responsible approach 'the basis of good business'. Find out more at:http://www.thebasisofgoodbusiness.com

About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts or credit cards. With more than 94 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce.

PayPal Europe S.àr.l. et Cie S.C.A. is a Luxembourg-based limited liability partnership, which is regulated by the Commission de Surveillance du Secteur Financier ('CSSF') in Luxembourg. PayPal Inc is the ultimate parent of PayPal Europe S.àr.l. et Cie S.C.A. and is 100% owned by eBay Inc. PayPal Inc was set up in the US in December 1998 and acquired by eBay Inc in 2002.

More information about the company can be found at http://www.paypal.co.uk or http://www.paypal.co.uk/press

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