eCommerce
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Amazon Launches Local Register, A Square Competitor With Lower Transaction Rates
Amazon has launched a Square and PayPal Here competitor called Local Register, which provides users with a free app and a $10 card reader, and charges merchants and anyone selling services who use it just 1.75 percent per swipe on both credit and debit transactions, so long as users sign up before October 31. That’s a special rate, and is a full percentage point lower than… Read More
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Uber Is About To Launch An API
Uber wins when you hit the “Request A Ride” button, so shouldn’t it try to put that button everywhere? It seemed like a smart plan, so I did some digging and now sources confirm to me that Uber plans to launch an API soon. Google Maps was just the start. While it’s not clear what the exact functionality will be, the Uber API could potentially let partnered developers… Read More
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Casper Mattress Startup Lands $13.1 Million Series A
Casper, the company looking to reinvent the way mattresses are made and sold, has closed a $13.1 million Series A round led by New Enterprise Associates, bringing its total funding to $15 million.
Not unlike other up-and-coming ecommerce startups, Casper looks to cut out the commission-based middle man and sell well-made mattresses at a much lower cost. Read More
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Three Ways For Retailers To Survive The Amazon Fire Crusade
On July 25 Amazon began shipping its Fire phone, which includes Firefly, software that instantly recognizes products you can directly purchase on Amazon. Hot on the heels of this announcement was the news that Amazon released a beta version of its mobile wallet, Amazon Wallet, which will allow users to save gift cards to their device. For traditional retailers, Amazon has long been the… Read More
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Square Reveals A Reader For Chip Payment Cards Ahead Of Coming U.S. Launch
Square is set to bring its payment card reader for mobile devices in line with modern tech used most places in the world outside of the U.S. – today it revealed its upcoming EMV and chip-compatible dongle, which will be available soon for pre-order with an estimated ship date of sometime in 2015.
The new reader looks very similar to the existing one, but it’s designed to read… Read More
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Our Nine Favorite Companies From The 500 Startups Demo Day
It’s that time again: 500 Startups just put on demo day for its ninth batch of companies at Microsoft’s conference building in sunny Mountain View, Calif. The seed stage investor and startup incubator showed off 29 products and services that range from making it easier to get a home loan to a marketplace for 3D printed knick-knacks. Read More
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Greats Brand Sneakers Are Off To The Races Following $1.5M Funding Round
Greats Brand, aspiring to be the Warby Parker of mens’ footwear, has revealed that the company broke $100,000 in sales in June, with a projected $1.6 million run rate for the year. Following a $1.5 million financing round, the shoe brand will, for the first time, have three different models of their shoes available at once. Historically, the brand has sold only one or two versions of a… Read More
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Facebook Beats In Q2 With $2.91 Billion In Revenue, 62% Of Ad Revenue From Mobile, 1.32B Users
Facebook’s earnings beat projections for the 8th quarter straight with $2.91B in revenue and $0.42EPS in Q2 2014. The service is growing about twice as fast on mobile compared to its services as a whole. Facebook now has 1.07 billion mobile monthly users, and 654 million daily mobile users. That helped it bring in 62% of its ad revenue from mobile. In total, Facebook now has 1.32… Read More
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For Its First Google Glass Effort, EBay Adapts Its RedLaser Product Finder App
Back in March 2013, eBay said it would start to work on applications for Google Glass — the idea being that the Android-powered, head-mounted computer could help consumers shop for things online and in the real world more seamlessly than pulling out your smartphone (and even less so, a full-fledged computer). Read More
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Buy Last-Minute Broadway Tickets With TodayTix
Mobile accounted for more than 50% of ecommerce last year, yet was just 0.08% of Broadway sales. TodayTix is changing that with its last-minute theater ticket app, and it’s making good money along the way. Six months after launch, the startup has 120,000 users, 15 employees, is making a hefty 12% margin on purchases, and is set to sell 1% to 2% of all Broadway tickets in 2014. The… Read More
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