transaction

Etsy’s Community Has Already Sold More Than $500 Million This Year

Source: http://www.businessinsider.com/etsy-sales-milestone-500-million-2012-8

etsy

Etsy’s CEO Chad Dickerson recently announced a big company milestone.

Last year, the company’s community generated more than $525 million in sales. This year the community is on track to crush that number.

It’s already passed $500 million in sales.

That figure also gives you an idea of what Etsy is making. Etsy takes a 3.5% cut of every sale and 20 cents for every posted item.

Since February, Etsy’s also started processing payments for some of its shops through a program called Direct Checkout. On payments, it takes a 3% cut plus 25 cents per transaction. Since February, it’s processed $50 million in payments.

That means Etsy has generated more than $20 million this year, and the holiday season hasn’t even struck yet.

On Thursday, it announced a new gift-card program which will require Etsy shop owners to sign up for Direct Checkout, and it’s also offering free payment-processing through the end of September to encourage its use. That may hit transaction fees in the short term, but in the long term, if more Etsy shop owners adopt Direct Checkout, it will substantially increase the money Etsy makes from each sale. (Etsy says Direct Checkout benefits shop owners because customers spend more on average when the feature is enabled.)

Brooklyn-based Etsy has more than 300 employees, 800,000 active merchants and more than 40 million monthly visitors.

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Friday, August 31st, 2012 news No Comments

Stop Worrying About Creeps Calling [App Of The Day]

Source: http://gizmodo.com/5932884/burner-stop-worrying-about-creeps-calling

Burner: Stop Worrying About Creeps CallingEveryone’s been there. You politely talk to some weirdo in a bar, and when the conversation ends, the guy wants your number. You’re nice and you don’t know how to say no. So you give it away reluctantly, and it can’t be fake, because he’s going to call you immediately so you have his digits too. Ugh. But because of a new app called Burner, you’ll never have to experience that horror ever again.

What does it do?

Gives you a fake number to use that you can give out freely because you can kill the number whenever you want.

Why do we like it?

It’s not just for fending off randoms. You could also use Burner when you’re making a Craigslist transaction, going on an OKCupid date, searching for a job, or completing a drug deal if you’re into that. You can use whichever area code you want, so if you want to fool a girl into thinking you’re an out of towner that she’ll never see again, you can do that (you asshole). It comes with enough credits for one number, but you can always buy more for $2 each. You never know when you’ll have to defend your phone.

Burner

Download this app for:

The Best:

Avoid creeps

The Worst:

You have to pay for more numbers

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Wednesday, August 8th, 2012 news No Comments

Square’s new Register app turns the iPad into a full-on point of sale terminal

Source: http://www.engadget.com/2012/03/06/squares-new-register-app-turns-the-ipad-into-a-full-on-point-of/

Square's Register app turns the iPad into a full on point of sale terminal

Square continues to add functionality to its mobile payment platform, and the latest addition is its new Register app for iPad. The refresh brings a sleeker interface and greater Card Case integration along with analytics to break down sales by transaction type and chronology to track your business’ performance. Additionally, you can set up custom permissions to limit employee access, create customer loyalty programs and there’s an improved inventory system feature as well. Naturally, it still relies on Square’s trusty card reader for swiping cards and charges 2.75 percent per transaction using Visa, MasterCard, Discover or American Express. Small businessmen, your payment chariot awaits, so check out a video of the new Square Register in action after the break.

Continue reading Square’s new Register app turns the iPad into a full-on point of sale terminal

Square’s new Register app turns the iPad into a full-on point of sale terminal originally appeared on Engadget on Tue, 06 Mar 2012 06:21:00 EDT. Please see our terms for use of feeds.

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Tuesday, March 6th, 2012 news No Comments

Here’s Facebook’s Next Big Business

Source: http://www.businessinsider.com/chart-of-the-day-heres-facebooks-next-big-business-2012-2


Facebook’s ad revenue may not be growing fast enough to justify a $100 billion valuation. But ads are not the company’s only source of revenue.

Payments are becoming a big deal as well.

Last summer, Facebook started charging companies like Zynga 30 percent of each transaction — like purchasing a virtual good like a cow. (That’s a big reason why Zynga accounts for 12 percent of Facebook’s revenue, alhough that figure includes advertising as well.)

So although payments started as a tiny sliver of Facebook’s overall revenue, now it’s up to about 17 percent of the total.

As companies start to sell other kinds of goods through Facebook, like concert tickets, this percentage could grow.

facebook ad revenue split 

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Friday, February 3rd, 2012 news No Comments

Here’s Facebook’s Next Big Business

Source: http://www.businessinsider.com/chart-of-the-day-heres-facebooks-next-big-business-2012-2


Facebook’s ad revenue may not be growing fast enough to justify a $100 billion valuation. But ads are not the company’s only source of revenue.

Payments are becoming a big deal as well.

Last summer, Facebook started charging companies like Zynga 30 percent of each transaction — like purchasing a virtual good like a cow. (That’s a big reason why Zynga accounts for 12 percent of Facebook’s revenue, alhough that figure includes advertising as well.)

So although payments started as a tiny sliver of Facebook’s overall revenue, now it’s up to about 17 percent of the total.

As companies start to sell other kinds of goods through Facebook, like concert tickets, this percentage could grow.

facebook ad revenue split 

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Join the conversation about this story »

See Also:



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Friday, February 3rd, 2012 news No Comments

EMV in, magnetic strips out

Source: http://www.engadget.com/2012/01/31/mastercard-reveals-roadmap-for-our-electronic-payment-future-em/

MasterCard reveals roadmap for EMV electronic payments It’s been over fifteen years since MasterCard, Visa and Europay developed EMV technology to make your credit cards more secure, but it has yet to really catch on here in the US. However, MasterCard has created a master plan to help usher in the EMV era and sound the death knell for the magnetic strip. Why? The EMV infrastructure is far more fraud-resistant because each transaction is authenticated dynamically using cryptographic algorithms and a user-specific PIN. That’s why MasterCard plans to help build out the EMV POS infrastructure by April of next year and have its secure e-payment system functioning at ATMs, online and with its myriad mobile payment options as well. For now, the nuts and bolts of how the credit card firm plans to bring its plan to fruition are few, but more details will be forthcoming, and there’s a bit more info at the source and PR below.

Continue reading MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out

! MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out originally appeared on Engadget on Tue, 31 Jan 2012 05:42:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceMasterCard  | Email this | Comments

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Tuesday, January 31st, 2012 news No Comments

How many users does Blippy have now?

In the wake of the PR nightmare/stroke-of-genius are there only 23,700 exhibitionists left for blippy.com (the site that lets users publish every single transaction from their credit card statement live)?

http://bit.ly/93Kpdy

NYTimes Article:  http://nyti.ms/9ZK0M9

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Monday, April 26th, 2010 digital 1 Comment

Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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