UpClick: Picking Up Credit Card Fees

Posted by: Olga Kharif on May 26, 2009

Banks, watch out. UpClick, a company that officially launched on May 26, could take a bite out of your business. The company picks up the tab on other merchants’ credit card transaction processing fees, which can run up to 7% of purchase price.

In exchange, the merchants have to allow UpClick to upsell their buyers other clients’ software. While UpClick has started with software, it could potentially later peddle other products, such as e-books, says CEO Daniel Assouline. The start-up also shares into revenues for products such as back-up CDs.

Soft-launched three months ago, the company already processes about 3,000 transactions a day, up from 150 daily transactions a month ago. The volume of transactions it processes already reached $500,000 a month. The business is expected to turn profitable at the end of May.

Reader Comments

steve simpson

July 17, 2009 12:12 PM

cheaper to use an alternative that lets you keep your order page revenue for yourself since that revenue they take is a big %

Mike Leroy

September 21, 2009 9:38 AM

@ steve. We've had great success with the UpClick platform so far. You receive 20% of the revenues generated through cross-selling. They have found ways to generate revenues we never even thought of!

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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