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Auctionbytes-NewsFlash, Number 733 - April 06, 2004 - ISSN 1539-5065      Previous Story | | Next Story

Like a Celebrity Wedding, Payingfast.com Auction Is On Again
By Ina Steiner
AuctionBytes.com
April 06, 2004
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A service that allows consumers to purchase money orders using a credit card to pay for eBay items is up for sale - again.

Last month, Payingfast's owner put up the domain name up for auction on eBay for $5,000, but eBay removed the auction because it violated the auction site's fee circumvention policy. "We believe that the seller may have been attempting to get people to contact him directly to purchase the Web site, so we ended the listing," an eBay spokesperson said at the time.

PayingFast.com then put up the entire Payingfast service and site up for sale with a starting bid of $20,000, but hours later the seller removed the auction himself. Scott Rand, Payingfast president and founder, decided to continue operating Payingfast, once they took care of some "credit card merchant issues." Rand launched Payingfast in January 2001 and said it has 200,000 registered users.

The site has not been taking new orders since the on-again, off-again auctions commenced.

http://www.payingfast.com

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3807891206


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Related Stories
  • PayingFast.com Enters Online Payment Field - January 30, 2001, Issue #9
  • Charge It! A Review of Online Payment Services - June 30, 2001, Issue #41
  • Owner Puts PayingFast Online Payment Service for Sale on eBay - March 05, 2004, Issue #713
  • Payingfast Pulls eBay Auction, Decides Not to Sell Payment Service - March 09, 2004, Issue #714



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