FOR IMMEDIATE RELEASE
eSnipe to Stop Accepting Mailed-In Payments as of July 15, 2009
First firm on web to deploy micropayment system goes all electronic
Bellevue, WA - June 15, 2009 - Seattle-area eSnipe, Inc. (www.eSnipe.com), an online auction services firm, pioneered micropayments on the Internet and will stop taking offline payments altogether as of July 15, 2009.
Declining economy contributes to decision
In response to declining business brought on by changes to the national economy, online auction services company eSnipe, Inc. has chosen to streamline its services instead of raising prices, which have not changed since it became a commercial venture on June 1, 2001. The most important change eSnipe will make is that as of July 15, 2009 only electronic payment forms will be accepted. Checks and money orders will no longer be payment options.
"We treasure great customer service and we were just falling down on the job when it came to manual payment," eSnipe CEO Tom Campbell said bluntly. "We took too long to process mailed-in payments, we did a poor job of it when we finally got to them, and the whole system was far too expensive to run. It was between switching to all-electronic payment or cutting something else, like having real humans in the United States do all tech support. The decision was simple."
eSnipe a pioneering pay site
eSnipe pioneered for-pay websites during the first dot com bust and has been consistently profitable--longer, in fact, than Amazon.com. Like Amazon, eSnipe is constantly refining its business processes while keeping its award-winning service intact.
About eSnipe, Inc.
eSnipe places bids for eBay users during the last few seconds of the auction, a practice called "sniping" in online auction parlance. eSnipe launched in 1999 as one of the early eBay sniper services run on high-speed dedicated servers. eSnipe's multiple servers placed over $350 million worth of bids on eBay in 2008 alone. Rovatron, eSnipe's automated bid-placing engine, places well over 12,000 bids a day on weekdays and more than double that on Sundays. At peak periods Rovatron places more than 300 bids per second.
eSnipe's founder placed the site for sale on eBay in December 2000. The auction was won by an eSnipe user—using eSnipe to place the winning bid. Former Microsoft program manager Tom Campbell made eSnipe one of the first pay sites on the internet and devised one of the first working micropayment systems. Campbell is also CEO of startup EasyOnMe.
# # #
Copyright © 2009 eSnipe, Incorporated. All Rights Reserved. eSnipe is in no way affiliated with nor endorsed by eBay. eBay is a registered trademark of eBay, Inc. eSnipeSM is a trademark of eSnipe, Inc.