e-Commeerce startup PayStand announced that it has raised $1 million in seed funding opened up its service to any entrepreneur looking to sell his or her goods from a PC or mobile browser.
“Our goal is to drive adoption of no cost and low cost payment networks and ultimately change the business model of payments from being a fee based one to a flat cost model.” Explained PayStand’s founder and CEO, Jeremy Almond.
PayPal and PayStand accept both credit cards and (ACH) payments in the form of eChecks and Dwolla transfers, but PayStand takes the game to a whole new level by driving consumers toward bitcoin transactions.
PayPal also revealed new plans. Click here for more details.
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