| Selling Your Ecommerce Business
To web entrepreneurs who contemplate selling their online businesses, experts issue a single warning: Get your financial house in order.
Online endeavors are frequently launched by people who have a great idea, a great passion or a distinctive skill set, but who often lack traditional business acumen. Partially-completed financial statements and an incomplete balance sheet might not impede day-to-day operations, but when it comes to selling the business, such disorganization can be a liability; a prospective buyer wants to see much more than a shoe box full of receipts.
When you commit to selling your business, "you have to start running it like you are going to sell it today," said Mike Gravel, co-founder and managing director of eBizBrokers, Inc., a mergers and acquisitions firm specializing in Internet businesses.
Analysis: The New PayPal
To more than 50 million users, PayPal used to signify a peer-to-peer payment exchange that relied largely on email notifications. Not anymore. While PayPal still stands as one of the most recognized brands in the ecommerce world, it's no longer a single payment system: It's a suite of different payment options that can assist merchants to start accepting payments online or enhance their existing payment functions.
What are they? How do they differ from each other? Which ones should you use, if any? Let's take a look.
1. Website Payments Standard uses PayPal's own website to process payments for you. Customers temporarily leave your store and pay on the PayPal website, with or without a credit card (e.g. they might use their PayPal account, which contains funds deposited from their checking account).
Abanco International Sells Merchant Account Portfolio
ROSEMONT, Illinois--Abanco International, LLC, a trusted provider in electronic commerce and payment services has officially completed the sales of its merchant portfolio to Cynergy Data. This deal transfers the merchant accounts asset, including the related sales and service support along with the Abanco payment gateway, to Cynergy Data, New York.
This transaction did not include the sale of Abanco's Mobile Data Technology (MDT) products and services. Abanco intends to continue the marketing, development and integration of this wireless connectivity solution. MDT is an all-in-one payment processing application that has been successfully deployed by several airlines.
About Abanco International, LLC
Abanco International, LLC, headquartered in Rosemont, Ill., delivers highly customized, vertical specific solutions to meet the needs of industries such as healthcare, airline, golf and others.
PartsCArd Promotes Commercial Credit Cards To General Electric’s Card
PartsCard, a newly formed division of ATCO Parts, announced today they have begun promoting commercial credit cards to their business customers, through a relationship with GE Money - Corporate Payment Services (CPS).
Under the agreement, PartsCard is promoting a co-branded version of the CPS Productivity(SM) MasterCard to middle market and small business customers nationwide. PartsCard provides the option to purchase parts, tools, PBE ("paint, body, and equipment") and other business-related items from any vendor accepting MasterCard.
The Productivity Cards suite of features helps companies streamline their purchasing and payment processes and control costs. Through the program, companies have access to discounts with suppliers of business goods and services, such as rental car, lodging, and office supplies.
Analysis: The New PayPal
To more than 50 million users, PayPal used to signify a peer-to-peer payment exchange that relied largely on email notifications. Not anymore. While PayPal still stands as one of the most recognized brands in the ecommerce world, it's no longer a single payment system: It's a suite of different payment options that can assist merchants to start accepting payments online or enhance their existing payment functions.
What are they? How do they differ from each other? Which ones should you use, if any? Let's take a look.
1. Website Payments Standard uses PayPal's own website to process payments for you. Customers temporarily leave your store and pay on the PayPal website, with or without a credit card (e.g. they might use their PayPal account, which contains funds deposited from their checking account).
Abanco International Sells Merchant Account Portfolio
ROSEMONT, Illinois--Abanco International, LLC, a trusted provider in electronic commerce and payment services has officially completed the sales of its merchant portfolio to Cynergy Data. This deal transfers the merchant accounts asset, including the related sales and service support along with the Abanco payment gateway, to Cynergy Data, New York.
This transaction did not include the sale of Abanco's Mobile Data Technology (MDT) products and services. Abanco intends to continue the marketing, development and integration of this wireless connectivity solution. MDT is an all-in-one payment processing application that has been successfully deployed by several airlines.
About Abanco International, LLC
Abanco International, LLC, headquartered in Rosemont, Ill., delivers highly customized, vertical specific solutions to meet the needs of industries such as healthcare, airline, golf and others.
eCOMpal’s Shopping Cart Adds PayPal Certification to Its List of ...
(PRLEAP.COM) eCOMpal, a leading online shopping cart vendor, announced today that they have been certified by PayPal to offer Express Checkout and Website Payments Pro. www.ecompal.com/paypal.htm "This gives our clients more flexibility in accepting payments online without doing any programming" said Nick Hurd, President of eCOMpal.com. He went on to say, "Our clients will be able to offer their customers payment options that further protect their customers personal information from identity theft. That will ease the fears of purchasing products online which should improve our clients sales. " Online merchants will be able to simplify their customer's checkout experience, even further, with Paypal Express Checkout and Accept credit cards PayPal Website Payments Pro; even if the customer doesn't have a PayPal account.
Assurz Adds Two Payment Industry Veterans to Aid Rollout
REDWOOD CITY, Calif., May 1 /PRNewswire/ -- Assurz, Inc., a provider of third-party shopper satisfaction guarantee services designed to drive sales for online merchants, today announced the addition of payment/e-Commerce industry veterans Martin Drake and Shawn Jarolimek to key positions designed to support launch of the Assurz program. Drake is serving as Director of Business Development, and Jarolimek is Director of Product Management.
Drake joined Assurz after seven years as Channel Sales Manager at merchant payment services provider Authorize.Net. He previously worked for NetSchools as the Implementation Manager in the educational solutions division. At Assurz he is responsible for establishing channel partner relationships, including rollout of a partner program enabling acquirers and independent sales organizations (ISOs) to add a new revenue stream by marketing the Assurz 100% Satisfaction Guarantee service to their merchant clients.
Selling Your Ecommerce Business
To web entrepreneurs who contemplate selling their online businesses, experts issue a single warning: Get your financial house in order.
Online endeavors are frequently launched by people who have a great idea, a great passion or a distinctive skill set, but who often lack traditional business acumen. Partially-completed financial statements and an incomplete balance sheet might not impede day-to-day operations, but when it comes to selling the business, such disorganization can be a liability; a prospective buyer wants to see much more than a shoe box full of receipts.
When you commit to selling your business, "you have to start running it like you are going to sell it today," said Mike Gravel, co-founder and managing director of eBizBrokers, Inc., a mergers and acquisitions firm specializing in Internet businesses.
Innuity Extends Strategic Relationship with International Merchant ...
REDMOND, Wash. --(Business Wire)-- Innuity, Inc. (OTC BB: INNU), a Software as a Service (SaaS) company that designs, acquires and integrates affordable solutions for small business announced that it has extended its strategic relationship with International Merchant Services (IMS) through which Innuity's Creditdiscovery product will serve as the merchant life cycle management tool for IMS's customer acquisition strategy.
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Double charges on ATMs
Credit and debit card users, whose transactions were processed through Bank of Guam card machines, saw erroneous double charges on their credit or debit accounts yesterday.
The Bank of Guam's recent switch to a different "merchant services vendor" resulted in debit- and credit-card processing errors yesterday, the bank announced.
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Tempo Boosts Merchant Base with Its Chase Paymentech Deal
(April 26, 2007) Fledgling PIN-debit network Tempo Payments Inc. this week reported that Chase Paymentech Solutions LLC, the nation's largest merchant acquirer, is now offering Tempo acceptance. With Chase processing for more than 500,000 merchants, the agreement opens a huge new acceptance base to San Mateo, Calif.-based Tempo, though whether that potential is realized won't be known for some time.
Chase Paymentech added Tempo to its line-up that includes conventional credit card and debit card acceptance as well as the automated clearing house and alternative networks because it wants to give merchants as many options as possible, Diane Donoghue, executive vice president and general manager, Retail Network Service, tells Digital Transactions News. “We want to be able to process all types of payment; we're not limiting ourselves to [major brand] debit and credit," she says.
Selling Your Ecommerce Business
To web entrepreneurs who contemplate selling their online businesses, experts issue a single warning: Get your financial house in order.
Online endeavors are frequently launched by people who have a great idea, a great passion or a distinctive skill set, but who often lack traditional business acumen. Partially-completed financial statements and an incomplete balance sheet might not impede day-to-day operations, but when it comes to selling the business, such disorganization can be a liability; a prospective buyer wants to see much more than a shoe box full of receipts.
When you commit to selling your business, "you have to start running it like you are going to sell it today," said Mike Gravel, co-founder and managing director of eBizBrokers, Inc., a mergers and acquisitions firm specializing in Internet businesses.
Internet merchants decide to get physical
When Threadless set up its groundbreaking T-shirt design business on the Web in 2000, operating a conventional bricks-and-mortar store was the last thing its twentysomething owners had in mind.
How times have changed. One of today's most cutting-edge online retailers is opening its first store this summer in Chicago's Lakeview neighborhood, the first of up to four stores planned nationwide in the next two to three years.
It is not alone. A growing contingent of online retailers are opening bricks-and-mortar stores, establishing a physical place where shoppers can see a face, touch the merchandise and talk to the sales clerks. It's a nascent movement -- Amazon and eBay are still firmly planted in the digital realm -- but one that is catching on as online shopping matures and merchants look for ways to build their brands.
Analysis: The New PayPal
To more than 50 million users, PayPal used to signify a peer-to-peer payment exchange that relied largely on email notifications. Not anymore. While PayPal still stands as one of the most recognized brands in the ecommerce world, it's no longer a single payment system: It's a suite of different payment options that can assist merchants to start accepting payments online or enhance their existing payment functions.
What are they? How do they differ from each other? Which ones should you use, if any? Let's take a look.
1. Website Payments Standard uses PayPal's own website to process payments for you. Customers temporarily leave your store and pay on the PayPal website, with or without a credit card (e.g. they might use their PayPal account, which contains funds deposited from their checking account).
Double charges on ATMs
Credit and debit card users, whose transactions were processed through Bank of Guam card machines, saw erroneous double charges on their credit or debit accounts yesterday.
The Bank of Guam's recent switch to a different "merchant services vendor" resulted in debit- and credit-card processing errors yesterday, the bank announced.
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Coca-Cola United, Nation’s Third Biggest Bottler, to Convert ...
MasterCard & USA Technologies Continue a Nationwide Expansion of e-Port Vending that Accepts MasterCard PayPass Contactless Payments.
Purchase, NY,- MasterCard Worldwide and USA Technologies (NASDAQ: USAT) announced today that Coca-Cola Bottling Company United Inc., the third largest bottler in America, is installing cashless payment technology in vending machines.
The two companies reported that Coca-Cola United has begun equipping its vending machines with USA Technologies e-Port G6 to accept MasterCard PayPass contactless payments as well as traditional magnetic stripe credit card payments.
Our mission at Coca-Cola United is to provide customers with top quality products in the most convenient way, said Thacher Worthen, Vice President of Marketing.
Assurz Adds Two Payment Industry Veterans to Aid Rollout
REDWOOD CITY, Calif., May 1 /PRNewswire/ -- Assurz, Inc., a provider of third-party shopper satisfaction guarantee services designed to drive sales for online merchants, today announced the addition of payment/e-Commerce industry veterans Martin Drake and Shawn Jarolimek to key positions designed to support launch of the Assurz program. Drake is serving as Director of Business Development, and Jarolimek is Director of Product Management.
Drake joined Assurz after seven years as Channel Sales Manager at merchant payment services provider Authorize.Net. He previously worked for NetSchools as the Implementation Manager in the educational solutions division. At Assurz he is responsible for establishing channel partner relationships, including rollout of a partner program enabling acquirers and independent sales organizations (ISOs) to add a new revenue stream by marketing the Assurz 100% Satisfaction Guarantee service to their merchant clients.
Tempo Boosts Merchant Base with Its Chase Paymentech Deal
(April 26, 2007) Fledgling PIN-debit network Tempo Payments Inc. this week reported that Chase Paymentech Solutions LLC, the nation's largest merchant acquirer, is now offering Tempo acceptance. With Chase processing for more than 500,000 merchants, the agreement opens a huge new acceptance base to San Mateo, Calif.-based Tempo, though whether that potential is realized won't be known for some time.
Chase Paymentech added Tempo to its line-up that includes conventional credit card and debit card acceptance as well as the automated clearing house and alternative networks because it wants to give merchants as many options as possible, Diane Donoghue, executive vice president and general manager, Retail Network Service, tells Digital Transactions News. “We want to be able to process all types of payment; we're not limiting ourselves to [major brand] debit and credit," she says.
Regulating credit cards to minimise default risk
THE growth in the use of credit cards as a transactional medium in Malaysia over the last two decades is a notable change in consumer financial services.
Credit cards now serve as a payment device in lieu of cash for many routine purchases. It has become widely used and accepted because not only does it offer a revolving credit line without the need for collateral, it also provides convenient access to other banking services.
For foreign banks operating in Malaysia, credit cards are an excellent way to overcome distribution limitations imposed on them. Hence the aggressive efforts by large local subsidiaries of foreign banks in marketing credit cards.
The credit card business can be profitable, provided that there is adequate risk management.
Unlike corporate loans where margins can be razor thin and a single big bad loan can cripple the unfortunate lender, banks are able to charge 18% per annum on credit card debt, way above the rates they charge for other types of consumer lending.
Webmoney's Inside Man - Q & A with Peter Darakhvelidze, Part 1
WebMoney is a powerful online payment tool. The proprietary client software enables Internet users to conduct real time secure transactions using multi currency WebMoney units (WM-units). This 'WM Keeper' software provides users direct digital money access and allow users to manage their accounts from anywhere in the world.
The Webmoney Transfer system has been widely used since 1998 and provides online payments and shopping for millions of digital money users. In 2006 the Webmoney Transfer system executed over $1.45 Billion dollars in customer transactions. You won't need a bank account or a credit card to open an account with WebMoney Transfer plus registration is fast & free.
Today I am interviewing Peter Darakhvelidze Chief of Public Affairs from WebMoney Transfer.
America's Premier Online Portal Guarantees Best Deals
Atlanta, Georgia 04/30/07 - A quick glimpse at the data promises much more evolution in the years to come.Forrester Research, for example, predicted American firms alone would sell US$316 billion In goods and services via the Web by 2010. That figure would more than double 2007's online Spending to account for some 12 percent of all retail sales, up from about 7 percent today (Ecommerce times). Evolution of internet has introduced some significant changes in people's lifestyle. Till late 1990's who could think That online shopping will be part of world life? While online Shopping is still in nascent stage in couple of countries as compare to traditional brick and mortar shopping. It’s rapid Evolution has produced hundreds of online retailers selling millions of products which has made shopping experience Interesting and easy for the users in America.
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