Trade Me to buy credit card processor Paystation for undisclosed sum

Sun, 14 Sep 2014

By Paul McBeth Sept. 15 (BusinessDesk) - Trade Me Group, New Zealand's biggest internet auction site, has bought Wellington-based online credit card payments firm Paystation for an undisclosed sum. The acquisition is expected to be completed by the end of the month, and included two related firms, web developer Face and server hosting unit Netspace Services, Wellington-based Trade Me said in a statement. The purchase price was confidential, but not material, and will be funded through Trade Me's cash, which was $41.7 million as at June 30...

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