PAID, Inc. provides online shipping and tax management tools. AuctionInc Software AuctionInc is a suite of online shipping and tax management tools assisting businesses with e-commerce storefronts, shipping solutions, tax calculation, inventory management, and auction processing. The application is designed originally to reduce overhead costs for auction sales, but over time the functionality and core business is strictly focused on real-time carrier calculated shipping rates and tax calculations. The product does have tools to assist with other aspects of the fulfillment process, but the main purpose of the product is to provide shipping and tax calculations and packaging algorithms that provide customers with the possible shipping and tax solutions. Business Strategy During 2014, the company’s strategy was to develop its shipping calculator line of products by providing accurate real-time shipping rates for multiple shopping cart platforms available on the Internet. These products are built on the company’s Web service Application Process Interface and are available as a stand-alone product for single sellers or integrators. The business strategy is intended to improve the company’s opportunities in the online e-commerce market. Intellectual Property The company received five patents related to its online auction shipping and tax calculators in January 2008, April 2011, January 2013, August 2013 and January 2014. History PAID, Inc. was founded in 1986. The company was incorporated in Delaware in 1995.
paid inc (PAYD:OTC US)
200 Friberg Parkway
Westborough, MA 01581
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