Dot Flop, Part Deux: BidPay to close...AGAIN!!!!

[mandy]

Bidpay announces it will close effective 12/31.  In 2005 BidPay I also shuttered operations on December 31st.  Notice a pattern?

Urgent Notice

Effective December 31, 2007, BidPay.com, Inc. will be discontinuing operations. We regret any inconvenience to our users and thank you for your patronage over the years.  Please note the following important details about the shutdown.  Please plan accordingly.

·        Effective IMMEDIATELY, BidPay will no longer accept new BidPay seller account registrations.

·        Effective IMMEDIATELY, banner insertions for new auctions will be disabled.  That means that any attempts to add “BidPay” as a payment option in auctions will not be effective.  Accordingly, you should offer alternative forms of payment.

·        Effective 5:00 P.M. PST, December 25, 2007, BidPay will cease accepting payments, and new buyer account registrations will be disabled.

·        From January 1, 2008 through 11:59 P.M. PST, January 31, 2008, registered users will have read-only access to their BidPay account information.

·        Customer support services will be available through January 31, 2008 by contacting support @ bidpay.com.

[sneakymagenta]

[Kristijntje]

more:

According to SEC documents, CyberSource reported that BidPay.com's third-quarter revenue in 2007 was approximately $120,000 and generated losses.

This year, BidPay expanded its service beyond eBay into ecommerce storefronts, and just twelve weeks ago, it launched an API that allowed developers to integrate BidPay into their shopping carts and ecommerce platforms. But in November, CyberSource acquired a service called Authorize.net that already addressed the needs of small merchants, making BidPay's off-eBay service redundant and, likely, inconsequential.

BidPay was one of the few online payment services eBay allowed sellers to accept aside from its own PayPal service. For eBay sellers who don't want to accept PayPal and may be too small to get their own credit-card merchant account, this may be a major setback. Off-eBay merchants do have the choice of using services like Google Checkout, and, as of this month, Amazon Payments...

full article: http://www.auctionbytes.com/cab/abn/y07/m12/i20/s02

[amy]

For eBay sellers who don't want to accept PayPal and may be too small to get their own credit-card merchant account, this may be a major setback.

If they want to grow their businesses they should base their decisions on what buyers want to use not what they want to offer--buyers didn't want BidPay 1 or BidPay 2.

[bargainbloodhound]

[quote author=sneakymagenta link=topic=17147.msg67188#msg67188 date=1198186494]

[/quote]

:ditto:

If they want to grow their businesses they should base their decisions on what buyers want to use not what they want to offer

:ditto: