23 October 2017
visit www.response.ncr.com

Facebook commerce outfit Payvment shuts down

28 January 2013  |  5807 views  |  0 Woman figure shopping on top of keyboard

Social commerce outfit Payvment is shutting down its platform and offloading its 200,000 Facebook merchant customers to rival Ecwid.

In a notice on its Web site, Payvment says its platform will shut down at the end of February and that its team is "joining a new [unnamed] company", believed to be Intuit. Companion site Lish.com is also being closed.

Intuit is also understood to have taken control of Payvment's technology and patents, while the now defunct company is telling its users to transfer their Facebook stores to Russia-based Ecwid's platform so that they can continue selling on the social network.

Ecwid - which already serves more than 250,000 merchants - says that its Facebook app enables merchants to add a full-featured store to any page so customers can discover and buy products without ever leaving the site.

Jim Stoneham, CEO, Payvment, has not explained the move but says: "Ecwid's e-commerce technology will not only enable our merchants to keep selling on Facebook, but also allow them the opportunity open up new channels by placing a store anywhere their customers shop online."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Soaring mobile commerce and payments volumes boost eBay

Soaring mobile commerce and payments volumes boost eBay

17 January 2013  |  6345 views  |  0 comments | 6 tweets | 3 linkedin
Facebook performs virtual currency about-turn; abandons Credits

Facebook performs virtual currency about-turn; abandons Credits

20 June 2012  |  8385 views  |  2 comments
Garanti gives cardholders Facebook Credits

Garanti gives cardholders Facebook Credits

03 February 2012  |  6512 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16863 views comments | 20 tweets | 34 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14205 views comments | 22 tweets | 30 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10440 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10105 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job