Paymead - Online Money Transfers

Listing ID: 700202590

Listing Title: Paymead - Online Money Transfers

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Industry: Business Services

Industry Segment: Financial

Country: United States

State / Province: Hawaii



Asking Price Range: $2.5M - $5.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2013

Number of Employees: 1 - 3

Business Description:
I have a fully built money transfer website/business called Paymead. Users are able to send payments to anyone and anywhere. The recipient will receive an email regarding the money that was send to them. They will have the option to either send the money to thier bank account using ACH transfer, load the money on the gift card (meant for gifts), or accept a manual check be sent to their address. I have set up merchant accounts to accept credit card payments as well as ACH processing. Right now the merchant accounts that I currently hold has a 2.9% +.30 per transaction charge, and my plans were to charge 7.5 perfect to the consumer. I have researched other competitors in this field and I have decided that 7.5% is the cheapest when compared to the competition. ACH (eCheck) payments are at .50 cents per transaction. This either can be made a percentile charge or at a flat rate service. I believe the cheaper it is, the more transactions consumers will make, and yet still profiting. If you have other businesses that has merchant account, this is a plus. Your rates could be cheater, in turn increases the profit margin. The website is fully hosted, with emails, etc. The only reason why I am selling this website is two reasons: 1) I have no first hand experience with running a business even though i know about business through studies. 2) Ive decided to serve my country and joined the military. Selling this company is probably in my best interest, and a huge financial benefit and success for you. Partnership is an option for me if you are willing to run the company while I'm in training, and once im out, we can work together to make this company a huge success. This business has a lot of potential to make thousands of dollars. Don't let this opportunity pass you up. If you need any other information regarding this business, please don't hesitate to contact me. Thanks

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