Saturday 4 December 2010

PayBox

PayBox:

Projects Update for Fri, Dec 3

Here’s an update on our current projects:

Merchant Interest Survey

This project is designed to help us understand where our users would

most like to spend their PayBox balance. Eventually we plan to have a

completely “open box” system, allowing our users to spend at nearly any

merchant world-wide. However, this will take time and happen in stages.


As we develop our service and begin to “Open the Box”, we will make it

available to select merchants first for testing purposes. We’ll start by opening

the service to a small group of merchants first, and then open it up to

progressively larger groups as we test and verify that our service and the

systems it is built upon are working properly.

Merchant Interest Survey estimated launch: Monday, December 6.

Growth Project

This project is still in early development stages. It’s a very exciting project that

is designed to put more power in the hands of our EarlyBird users. It will provide

direct cash payments (outside of your PayBox account) as an incentive to spread

the word about PayBox. This project should help us reach our Stage 2 growth goals

sooner and begin work to “Open the Box”.

Growth Project estimated launch: Sometime before January 15.

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