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It’s all about the money – Getting paid online

On today’s show we discussed the topic of getting paid online. Let’s say your website is operational, you’re getting traffic, or visitors to your website and they are ordering. So you need to get paid. Almost all transactions right now on the web are carried out using debit or credit cards, although over the next year we’ll see more credit-transfers, or direct payments from customer’s current accounts.

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On today’s show we discussed  the topic of getting paid online. Let’s say your website is operational, you’re getting traffic, or visitors to your website and they are ordering. So you need to get paid. Almost all transactions right now on the web are carried out using debit or credit cards, although over the next year we’ll see more credit-transfers, or direct payments from customer’s current accounts.

To process credit card payments online you need a payment system integrated with your website. If you want to process the payments yourself, you need a Merchant Bank Account, which is different to your business bank account. It’s an agreement that your bank  make with you allowing you to process customer’s credit cards. These are easier than in the past to get, but new or very small businesses often get refused, so talk to your payment processing company – drop them an email and they can advise you on the whether you’re likely to qualify for a Merchant Agreement and what alternatives they may be able to offer.

If you have a Merchant Agreement  you then need a payment gateway – or someone that processes the transaction for you. We spoke about two companies today, Realex and Irish based company and one of the most respected firms in this business, and SagePay, a product of the large accounting software firm, Sage. Both have irish operations and both have SME packages that start at around €30 a month. This €30 Euro get’s you an amount of transactions, when you process more than the included transactions (350 and 1,000 in the case of Realex and SagePay) they’ll charge you a fee per transaction, 12cents and 15 cents are the publsihed rates by Realex and SagePay.

For businesses dipping their toe, or who think that online may be a small part of their business, PayPal could be the ideal solution. PayPal allows you to accept credit cards on your website, without having a Merchant Agreement in place with a bank. PayPal also provides useful features like Pay By Mail – so you can issue invoices with a Pay Now button, you can handle subscription payments and a nice invesntory feature that monitors what you have in stock, versus what you’re selling – helping you keep tabs on your inventory.

You need to weigh up which is right for you – and that will be based on a number of factors like;

  • can you get a Merchant Account with a bank?
  • how many transactions do you expect to do every month?
  • what’s the average value of each transaction you will do online?
  • margin consideration – if you work to tight margins, it’s critical you factor in the transaction charge to your selling price

If you were to sell €1,000 Euro worth of goods a month online, in only a couple of transactions, PayPal can make sense for quite a while, given the absence of any monthly fee, but if you sell €3,000 Euros a month in a few hundred small transactions, at tight margins, a service like Realex or SagePay begin will be more economical. Do the sums for yourself based on three or six months projections which will give you time to get some traction online – getting paid online isn’t difficult anymore, selling, as ever, remains the challenge.

External links

  1. See Realex SME products & Services
  2. SagePay Products & Information
  3. VIsit PayPal for Business
  4. Create a website today – try an innovative product like Squarespace free for 14 days
  5. Sum Up Card Reader for SMEs

Business

The Mc Ginn sisters on Newstalk: Down To Business

Grace, Sarah and Jennie Mc Ginn know fashion. They know it inside out and back to front: OPSH.COM then will make sense when you think about it. An aggregation platform for the female shopper, it will launch in September after a years work. A couple of weeks ago, the serial entrepreneurs joined Margaret E. Ward on Newstalk’s Down To Business to talk about how they got here, and where they’re going.

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Grace, Sarah and Jennie Mc Ginn know fashion. They know it inside out and back to front: in that context OPSH.COM makes perfect sense. An aggregation platform for the female shopper, it will launch in September after a years work. A couple of weeks ago, the serial entrepreneurs joined Margaret E. Ward on Newstalk’s Down To Business to talk about how they got here, and where they’re going.

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Business

Why I’ll miss Vizify

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Build a personal website in seconds, that’s what Vizify’s strap line used to say. It caused a stir when it launched and people started talking about it: Use Vizify to monitor and improve how you use Twitter wrote blogger Brian Thomas Humek, while Andrew Couts wrote about how it knows (well privacy is history) everything about you.

I forget how I found Vizify, but I’m glad I did. I’m really not sure how I used it or how often, but it’s a remarkably simple to use tool thats not so much a personal website like About.me, but a social business card. And when I used it, it honestly made me smile, sort of HootSuite meets WayBack Machine, but in 30 seconds. . The stand out feature is the micro-video it creates from your social posts, adding royalty free music, your top interactions and connections, and to prompt self-reflection if your fitness tracker has failed yet again to go in to sleep mode for a week, a useful little chart of when you Tweet the most.vizify_001

So as a result of the Yahoo! acquisition, Vizify will be ‘sunsetting’ the service, so now new sign-ups or paid plans and the service sill archive your profile until September. On their website, they don’t talk about the specifics of how they’ll bring Vizify to Yahoo!, but it’s fair to assume the service will be reappear at Yahoo! powering part of your Yahoo! account in an animated portrayal of the social elements of your profile encompassing your college details (a la Rivals.com), your blog posts (Tumblr) and your images (Flickr). It’s a good acquisition for Yahoo! giving them a a tool to combine images : aesthetics : social in to a catchy little box that is made for mobile. So no more grim avatar in your friends profile photo, instead a rich, animated informative overview of who they are and who they talk to.

It’s a good day for Yahoo!, more components for the revival of the web’s biggest sleeper, it’s a good day for founders, former Monsoon Commerce colleagues, Eli Tucker, Todd Silverstein <http://toddsilverstein.com/> and Jeff Cutler-Stamm, and investor Jonathan Sposato  but I’m not quite leaping with joy. I’ll miss Vizify; those videos, the quick interaction overview and the shock of seeing when I Tweet most; the sun’s setting one of the coolest, sharpest little tools the web’s served up in a while. Hurry up Yahoo!.

External links & references

  1. Read the announcement at Vizify.com
  2. The state of information visualisation, 2014: Robert Kosara
  3. Yahoo! acquires data visualisation star : InfoWorld

Yahoo timeline image by: Yahoo : Review CC Licence

vizify

Vizify statement

As part of our transition to Yahoo, we will no longer be allowing new signups or purchases of paid plans. We will also be sunsetting the Vizify service.

What does this mean for me?

As an existing Vizify account holder, look for an email in the coming weeks with more details. But for now, to make the transition process easier on you, we’re taking a few extra steps:

  • For all bioholders, free and paid, we’ll be providing a way for you to opt-in to “archive” a snapshot of your current bio that will remain live at the same URL through September 4, 2014.
  • For those of you with a current paid plan, we’ll be issuing a full refund for everything you’ve paid Vizify.
  • For Premium customers who registered a domain through Vizify (like your-name .com), we’ll be providing instructions so you can assume ownership of your domain, free of charge.

What do I need to do?

You’ll be getting an additional email from us next week with steps you’ll need to take. In the meantime, see our FAQ.

– Team Vizify

For any bioholders who do not opt-in to archive their bio by April 7, 2014, the Terms of Service will terminate and all licenses granted to you will be revoked on April 7, 2014.

Vizify is a registered trademark. Copyright 2014. All rights reserved. 812 Washington St. #800, Portland, OR 97205

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Building Information Modeling, this could be big. Honestly.

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Building Information Modeling is not a glamorous phrase that conjures up images of turbo-charged start-ups around the world, full of enthusiastic coders adding another million dollars of shareholder value with every keystroke. It is a sector though, that is attracting the interest of tech investors – and that’s generally a clue as to the importance of an emerging industry. Building Information Modeling isn’t a new sector, the concept has been around for almost forty years, but it was only a decade ago that BIM became an ‘industry’ following a publication by CAD company Autodesk. With BIM software you create models of buildings or facilities – but not just CAD images traditionally used by architects and builders, but models that display other characteristics of buildings, for example the functional characteristics of a site. So you add digital images or files that show the air-conditioning system due to be fitted but what if you could get the manufacturers of various air-con systems to give you digital files for various types and capacities of cooling system?

[funky_quote align=”left”]“Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments, 2013 has demonstrated the sector’s vibrant activity and its contribution to the global economic recovery. ” — Alex Vieux, Chairman, Red Herring.[/funky_quote]The power consumption, physical and aesthetic impact of building facilities can be examined, or ‘modeled.  What if you could add images and accompanying technical information about the walls that will be erected inside the building, and on those walls you could digitally ‘paint’ the exact type of covering or paint to be used. With manufacturer information integrated into the design and modeling process you could end up knowing how a building will look, feel and sound when people are in it.  Data assisted decision making from concept, through design and construction right through the life of a building and how its eventual demolition will impact a landscape and community.

BIMobject®, a leading Swedish BIM software provider has announced it’s been selected as a candidate for Red Herring’s 2013 Top 100 Global award. which recognises the year’s most promising private technology companies and entrepreneurs, which will be awarded on November 20th.The inclusion of

External Links & References

  1. Examine products at BIMObject.com
  2. BIMObject : YouTube channel
  3. Red Herring Global 100 Awards
  4. National BIM Library : NBS
  5. BIM Working Groups : Saved Google Search
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