Merchant Account Blog & Credit Card Processing Blog

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Facebook To Begin Testing Of Ecommerce Platform !!!

Rumors began last year about Facebook jumping into the online payment arena. With PayPal being the first kid on the block and then Google Checkout moving into the neighborhood a couple of years ago, one must ask is this market getting saturated ??? We’ll Facebook has a reported 150 Million users who login daily and are very comfortable with Facebook. Tapping into this following may be very easy for the company. They may have winner here, with the right ecommerce product.

Seems the company has oficially announced a “Beta Test” of their payment platform. According to Nick O’Neil, the company has begun accepting applications from merchants wanting to participate in the beta test. If you wish to be part of the test, you can email jmorgenstern@facebook.com for an application. Facebook should be annoucing more detail’s in the comming months.

Facebook could have the next great alternative to a traditional credit card merchant account.

Stay Tuned !!!!

DIGG THIS STORY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

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Positive 4th Quarter 2008 Results !!!!

PayPal announced positive results for the company’s 4th Quarter in 2008.  Company posted $623 million in top-line revenue, an increase of 11% year over year. Company also reported stronger transaction volume for the quarter was $15.99 billion, an increase of 14% year over year.

This is a positive for online merchants, selling products over the Internet. Ecommerce continued to look strong  over the 2008 Holiday Buying Season. We hope this trend continues, as gas prices are down over 50% from their highs. We remain optimistic for a sooner that expected recovery in the economy, but we also fear the worst is not over yet, time will tell.

Stay tuned.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

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Ecommerce merchants need to be aware of legislation passed in New York State, that requires “E-Tailors” to collect New York State Sales Tax on orders shipped to New York Residents. Law requires Out-of-State Ecommerce Merchants to register with the NYS Department of Taxation & Finance if they ship over $10,000 in merchandise to New York State Consumers.

Seems Amazon.Com is sueing the State of New York over the new law and OverStock.Com has followed suit, with their own law suit. There is rumor that the Republican Majority in the Senate is against the tax and are looking to overturn this legislation. We keeping a close watch on the situation.

If the legislation is successful, we fear that other states will pass their own “Internet Sales Tax”.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683 

If you enjoyed this post, make sure you subscribe to my RSS feed!