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Online Transaction Sites

Virtual marketplaces to purchase virtual and physical goods and services; with payment transacted online via PSPs and/or issuers. It includes music and video distribution sites such as Youku and Youtube, to daily deals such as Groupon and online social gaming sites like Playfish.


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BitPay lands USD2m for bitcoin payment processing

17 May 13 - PaymentEye - VC Deals
BitPay, an Atlanta-based company that offers merchants a payment processor for bitcoin, has received USD2m in funds from Founders Fund. BitPay, which launched in 2011, claims to offer a payment service for bitcoin that is completely safe from fraud, ...

OpenCoin bags USD10m for open payment network

16 May 13 - PaymentEye - VC Deals
OpenCoin, a US-based open currency website that lets users handle virtual money, has received an undisclosed amount of funding fromGoogle Ventures and IDG Capital Partners. OpenCoin develops and runs the Ripple system, which can exchange both global ...

PayPal co-founder signals USD6m investment in Transferwise

15 May 13 - PaymentEye - VC Deals
Peter Thiel has elected to grant USD6m to Transferwise for his first Valar Ventures investment in Europe. This is due to the “spectacular growth” the London-based international money transfer business has witnessed in two years since its ...

Money transfer service Pangea Payments snaps up USD1m

15 May 13 - PaymentEye - VC Deals
Online money transfer service Pangea Payments has raised USD1m from OCA Ventures, FireStarter Fund, i2a Fund, Origin Ventures and an assortment of angel investors. Chicago-based Pangea develops software that enables customers to transfer money to ...

Amazon launches virtual currency with giveaway

14 May 13 - PaymentEye - New Products
Amazon has launched Amazon Coins, its own virtual currency, and has given US Kindle Fire customers 500 coins for free. This is the equivalent of USD5 per customer and amounts to tens of millions of dollars overall. The exchange rate on Amazon Coins is ...
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