Payscape’s amazing team and their rich portfolio of existing merchant services made it a perfect home for Vendevor’s existing clients and plug-and-play ecommerce solutions.
Atlanta, GA (PRWEB) December 09, 2015
Payscape, a financial technology company (payscape.com), and Vendevor, an ecommerce platform and mobile app for selling across multiple sales channels, including web, mobile, social media, brick-and-mortar locations and pop-up shops, today announced that they have entered into a definitive agreement under which Payscape will acquire all the assets of Vendevor.
According to statista.com, "In 2016, global B2C ecommerce sales are expected to reach $1.92 trillion dollars." Payscape’s acquisition of Vendevor will further its’ mission to procure a SaaS-based product portfolio that simplify the merchant experience as well as capture a portion of this $1.92 trillion dollar market. To date, Payscape has incorporated an online invoicing and registration platform backed by their secure payment gateway. Vendevor will round out the digital landscape and enable companies to transform how they connect their sales, services and payment processing, online or via an iOS device.
The combination of Vendevor and Payscape will increase value proposition that customers of both companies will receive. Payscape customers - including small to medium-size business of all industries - will be able to utilize their current merchant accounts to open a comprehensive ecommerce store for their business. They will also have the added bonus of being able to manage and update their account mobily. Vendevor customers, will receive the benefit of cheaper processing costs and transaction fees, as well as a secure, PCI compliant, payment gateway owned and operated by the same parent company with an award winning customer service team.
Jeremy Wing, President & Co-Founder at Payscape: “The addition of Vendevor makes Payscape the starting point for every SMB merchant and puts us in an opportune position to streamline the other aspects of their business.”
Douglas Hardman, CTO at Payscape: “Vendevor’s mission is to make it unbelievably easy to start selling online and accepting credit cards. This was an ideal fit into the Payscape technology roadmap.”
David Grubbs, former CEO at Vendevor: “Payscape’s amazing team and their rich portfolio of existing merchant services made it a perfect home for Vendevor’s existing clients and plug-and-play ecommerce solutions.”
New pricing for the software will not follow the traditional model of tiered packages based on enabled features, sales volume, or inventory. Instead, Vendevor will consist of one package at $29 per month, plus a credit card rate of 2.9% and 29¢ per transaction fee ($29, 2.9%, 29¢). This model will simplify the merchant experience by offering guaranteed monthly pricing regardless of growth or other changes in the business.
To celebrate the acquisition and relaunch of Vendevor, a contest worth over $25,000 is available for all new and existing clients called #ViralVendevor. The merchant who sells the most inventory through their Vendevor shopping cart before the end of 2016, will receive a marketing prize package consisting of a new website, professional rebranding, 6 free months of SEO and SEM services, video production, a nationally distributed press release and an outdoor billboard in a market of the business owner’s choice.
For more information please visit http://www.vendevor.com.
Founded in 2004, Payscape is a leading, financial technology provider dedicated to making it simple for business owners to collect money. They are a team of inspired entrepreneurs intent on disrupting the commoditized payment landscape with cutting-edge products and services, universal API integration, best-in-class customer service, strategic referral and technology partnerships and a lifelong devotion to helping small to mid-size business owners increase cash flow. Learn more about the company at http://www.payscape.com and subscribe to #fintech updates @_Payscape.
Vendevor is an Ecommerce platform that can be embedded on any website, blog, or Facebook fan page, and yourdomain.vendevor.com store. Immediately accept credit cards from your customers and transfer the sales into your bank account. Vendevor makes it fast and easy for your business to start selling online. For more information, visit http://www.vendevor.com.