PayStar acquires prepaid E-Commerce provider PAIDCard.Net
PayStar Communications Corporation (OTCBB: PYST) Nevada bought PAIDCard.net, anonymous prepaid debit card platform.
PayStar owns and operates eight departments fully integrated in the USA. These services include Internet kiosks, management of ATM cash and wireless credit card machines, and private fee-card phones, the language television and data services and multi-media advertising.
PAIDCard is a secure solution for online purchases for the benefit of consumers and e-commerce merchant.
“PayStar’s nearly 8000 Retail customers can now offer a prepaid Internet access and e-commerce solution for consumers of financial credit in question, which have so far been unable to access the new economy” , Said WD Yotty, CEO of PayStar. “What we did here today and E-Commerce capacity for millions of Americans, for the first time!”
The PAIDCard avoid the tax burden on the backs of online merchants, while the anonymity of online consumers. The fraud is considerably reduced with this method of payment, PayStar claims, greatly reduce taxes and traders engaged in conduct additional revenue e-commerce sites.
PAIDCard are sold directly to consumers by PayStar’s Web site, retail and in the context of related Web sites. This mixture of bricks and mortar and online access allows the purchase of PayStar’s PAIDCard for cash or credit card.
With this acquisition puts PayStar the rapid expansion, which allows the company has a growth rate of over 250 percent in 2000, said Yotty. PayStar expected at the end of 2000 with a turnover of $ 12 million. In 2001, the company a turnover of $ 50 million, Yotty said.
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