Recently FeeFighters was acquired by Groupon. It has been 3 years since we started the company as a hobby and 2 years since we raised angel money and went full time on the business. Our goals have always been to help small businesses run more efficiently, and by teaming up with Groupon, a pioneer in local e-commerce, we are able to execute on that goal even better than we were as an independent company.
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What is the BBB?
Many people mistakenly think that Better Business Bureau is a government agency that is a consumer watchdog making sure that companies do no wrong. Unfortunately, that is completely false, just an image that the company gives. The BBB is legally a C-Corporation that is much closer to the mafia of old, the guys who went into small businesses and told the scared owners that bad things might happen if they didn’t pay. While it started with noble intentions 100 years ago, in recent years the company, started to protect us from scams has degenerated into being a scam itself. Read more
I graduated from college in the summer of 2009, the heart of the recession, when having jobs upon graduation was a mere memory of better economic times. The summer before I had a consulting gig at a Big Four firm which offered me a full time job post graduation. Mind you, this was the summer of 2008, right as the economy was tanking. Read more
Three of the FeeFighters have MBAs. Four of us spent time as management consultants and another guy was a banker in a past life. Everyone seems to hate MBAs / Bankers / Consultants in the startup world… so why do we like them? Read more
I just saw on TechCrunch that Intuit has updated their pricing for GoPayment. It appears that Intuit gave an exclusive to TechCrunch because I don’t see the changes anywhere else, including on their own (incredibly annoying) website. Read more
How much does Verifone’s Payware Mobile actually cost? It’s complicated. Apple and Amazon sell the device for $149, so that part is easy. But what are the rates? And how does verifone compare to square? Read more
We probably won’t ever expose you to a picture of us in our underwear. Too bad they don’t have a method to donate online.
I saw that the new search engine Blekko updated their search results to remove 1.1 million domains. I got pretty excited, because it’s always good to get rid of spam, and I was hoping that maybe they’d gotten rid of the spammy sites that rank above us for common search terms “Credit Card Processing” or “Merchant Account.” Unfortunately, Blekko’s results haven’t changed, and not only do they still have spammy sites, they have sites that aren’t even related to the search terms showing up… Read more
I get the weirdest ads in my gmail. Here are the latest. Here are a couple of the latest ones. I hope that Google doesn’t know anything about my friends and loved ones that I don’t know…
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Recent customer question:
As a group buying site (similar to Groupon), how would we manage collecting payment information, but not charging the customer until the minimum requirements for the featured deal are met? For example: Groupon has a minimum amount of vouchers that must be purchased in order for everyone to receive the deal. Read more
Credit card processors / merchant acquirers pay out most of their revenue to the following sources: Read more
In my last post I talked about why you should leave your corporate job and join a startup. In this post I want to talk about how you can get a job at an awesome startup like FeeFighters.
Outright, online accounting software for small businesses, seeks to streamline business accounting. How are they different from other business accounting sites? Let’s take a look.
Lots of times FeeFighters users ask us what a personal guarantee is and when/why they have to sign on. This week’s kick addresses that issue as Sean talks the basics on personal guarantees.
FeeFighters recently spoke at a utility conference about how its participants can save money on credit card processing. After analyzing one of the participants’ credit card processing statements, we realized they could save 25% or about $30,000 annually on their credit card processing fees.
Last week, I had the pleasure of speaking at the Extreme Entrepreneurship Tour. My task: inspire students to consider becoming entrepreneurs. One of my pieces of advice was to expand professional social networks by joining LinkedIn.
We were having lunch with our friends Sunir and Mike from Freshbooks, and Sunir mentioned the event SOBCon. I had no idea wtf he was talking about, but he then explained that SOB stands for Successful Online Business.
By the time we talk to business owners, many have been burned by a credit card processor. They reach out because they have been lied to, promised lower rates, and altogether feel cheated.
Many business owners in these uncertain times are looking for a way to turn around their flailing businesses.
We had a great time submitting, organizing, and speaking on our panel on financial institutions and startups. Here are some photos from the event and a great summary from moderator Felix Salmon:
I was reading the New York Times, learning from Thomas Friedman about the myriad of Islamic uprisings that are about to occur and I was presented with the attached ad.
