Outsourcing Is In The Cards For iPayment

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002489-outsourcing-is-in-the-cards-for-ipayment/

IPayment outsources so many aspects of its business that at first glance a person might ask the company: What exactly do you do?

What iPayment does is provide credit- and debit-card processing services to small merchants, an underserved segment of the card-processing space.

Individually, small businesses don’t bring in lots of cash. According to iPayment’s Web site, the small merchants it serves typically generate less than $250,000 of charge volume per year and have an average transaction value of $75.

But put enough small merchants together and you have yourself a steady flow of revenue.

“If you’re serving 10 small businesses, nobody cares,” said analyst Colin Gillis of Adams Harkness. “When you have 100,000 small businesses, suddenly it’s a pretty good business.”

For this complete story, please visit Outsourcing Is In The Cards For iPayment.

Outsourcing Is In The Cards For iPayment

Unknown Author

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