SAN MATEO, California and LONDON, March 18 /PRNewswire/ --

- Ecommerce Integration Delivers Faster, More Convenient Web Store
Payment Option; Reduces Cart Abandonment; Increases Sales

- New Integration Supports Payments in 17 Currencies

NetSuite Inc.(NYSE: N), 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 mid-sized businesses and divisions of large companies, today 
announced the integration between NetSuite's Ecommerce shopping cart and 
PayPal's Express Checkout online payment service. Announced in conjunction 
with the new NetSuite Ecommerce Company Editions (see accompanying release), 
NetSuite's integration of PayPal Express Checkout 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 http://www.netsuite.com/paypal

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As ecommerce has become an important sales channel, online shoppers are
increasingly more selective about where they shop and are seeking out
merchants that provide safe, convenient shopping experiences. 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 not only gives these
shoppers the security of not sharing their financial information with
ecommerce merchants, but also provides them the convenience of checking
out in just three clicks without needing to re-enter shipping and billing
address information.

For merchants, the benefits of NetSuite's PayPal Express Checkout
integration are numerous. With NetSuite, they already have real-time
visibility into all their business operations in one system -- from the
online store, to inventory, fulfilment, 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 per cent (as found by a PayPal survey of e-tailers).

Additionally, merchants can 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. With
PayPal, NetSuite merchants can take advantage of PayPal's global platform and
Accept payments in 17 currencies -- US Dollars, Canadian Dollars, Australian
Dollars, British Pound Sterling, Euros, Japanese Yen, and more. Finally,
the NetSuite PayPal Express Checkout integration provides fraud protection to
help protect merchants against risks associated with ecommerce.

"Security and convenience are critical issues for today's online shoppers
and we're thrilled to work with PayPal to provide merchants with a way to
deliver both of those to their consumers through the combination of
NetSuite and PayPal Express Checkout," said Mini Peiris, vice president of 
Product Programs for NetSuite. "The thousands of companies that have 
standardised their ecommerce operations on NetSuite will benefit greatly from 
the safe and easy buying experience they can offer their shoppers."

"We are excited to work together with NetSuite to deliver on our shared
commitment to ecommerce merchants," said Gene Alston, business development
director at PayPal. "With PayPal Express Checkout, NetSuite provides
online merchants with an ecommerce solution that delivers on the needs of 
their consumers and contributes to their business' bottom line."

"We had a lot of requests from our customers for PayPal," said Chris
Nash, owner of AllAboutDance.com (http://www.allaboutdance.com), based in
Kingston, Pennsylvania, USA, which runs its business operations using
NetSuite. "Once PayPal Express Checkout was added to our NetSuite-powered
Web Store we saw a large increase in overall orders. We have been able to
keep costs low while saving the company time and providing our customers a
higher degree of security and confidence."

"We built the foundation of our business with NetSuite three years ago,
and now the new NetSuite-eBay and PayPal integrations are going to take
us to the next level," said Vernon Yerkess, Managing Director of
Cleverboxes.com, an online retailer of Hewlett-Packard servers and other 
hardware, based in Accrington, Lancaster, UK. "Only about 5 per cent of our 
business has been on eBay, but our strategy is to use this new NetSuite 
integration to increase that to about 20 per cent. We now have the full audit 
trail in NetSuite of our eBay-PayPal customers. And we can put as many 
products in there as we want. We expect that it will absolutely help increase 
business for us."

Availability and Pricing

Available immediately, the NetSuite PayPal Express Checkout online
payment option carries no set-up fees or monthly fees. Merchants pay a
per-transaction fee to PayPal of 1.9 per cent to 2.9 per cent plus 
30 cents per transaction, depending on monthly sales volume.

About NetSuite

NetSuite Inc. is 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 mid-sized businesses and divisions of large companies. NetSuite 
enables companies to manage core business operations in a single system.
NetSuite's patent-pending "real-time dashboard" technology provides an easy-
to-use view into up-to-date, role-specific business information.

NOTE: NetSuite and the NetSuite logo are registered service marks of
NetSuite Inc.

Web site: http://www.netsuite.com