PAID, Inc. provides online shipping and tax management tools and services. AuctionInc Software The company offers AuctionInc, 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, and over time the functionality and core business is focused on shipping and tax calculations. The product does have tools to assist with other aspects of the fulfillment process, and the main purpose of the product is to provide accurate shipping and tax calculations and packaging algorithms that provide customers with the possible shipping and tax solutions. Business Strategy The company’s strategy during 2013 was to streamline its direct-to-consumer marketing, ecommerce and fulfillment services, celebrity Web-hosting, merchandising, and fan experience programs, through its relationship with Music City Networks. This business strategy is intended to improve its 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. Competition The company’s competitors include Live Nation/Ticketmaster/VIP Nation, MusicToday, Ground Control, Artist Arena, FanAsylum, Internet Shopping Network, Google, Shopping.com, Amazon, and Ebay. History PAID, Inc. was founded in 1986. The company was incorporated in Delaware in 1995.
(PAYD:OTC Markets Group Inc - OTCQB)
200 Friberg Parkway
Westborough, MA 01581
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