Finland's biggest online auction site Huuto.net, a part of Sanoma Group, has adopted the new Payson payment system, which increases the security of online purchases.
The new payment system ensures that the personal account and credit card information of the users are not displayed to the recipient or obtained by unauthorised parties. Payson offers a secure and easy way for transferring money between the buyer and the seller.
Previously, no payment system has been used in Huuto.net, but payments have been made privately between the buyer and seller. With Payson Payment, purchases made in Huuto.net can be paid through the major Finnish online banking systems and credit cards.
Payson Security makes buying and selling particularly safe and ensures that the buyer can inspect the purchased product before the money is transferred to the seller's account.
"As online purchasing becomes more and more common, we increase our attention to the safety of buying and selling in Huuto.net. Payson Payment protects the user's account and credit card information from third parties. Payson Security, on the other hand, offers additional safety in large purchases where the product and money are never in the hands of one party at the same time", explains Jarkko Kyttänen, business director of Sanoma Digital Finland.
In addition to the new payment system, Huuto.net users can also continue to pay privately, outside the Huuto.net system.
Huuto.net is Finland's first, biggest and most popular online auction site with over 500,000 unique visitors per week and over 980,000 items listed for sale. Huuto.net is a part of Sanoma Group's Sanoma News division.