Facts and Figures
PhoneTransact.com started as a mobile credit card processing solution connecting small merchants with credit card processors. The business now also allows users to accept credit cards on their websites or retail storefronts. The business is easy to operate with excellent margins making it a great investment.
How does your business make money?
PhoneTransact makes money by taking a per transaction fee, a monthly fee and a small percentage of the credit card transaction amount for each merchant in the portfolio.
Why should someone buy this business?
This business provides a stable source of passive income and is an excellent acquisition target for a larger merchant account processor or an ideal launchpad for a new merchant account processing business.
How can the future owner improve this business?
The future owner has little to do to keep receiving income. If the new owner wants to grow the business then it would be ideal to update contact information on the website and possibly place inexpensive Google Ads to advertise the business.
- High Profit Margins
- Length of Operation in Niche
- Low Time Commitment Required
- Outsourced Technical Operations
- Passive Revenue
Opportunities for a new owner
- Launch New Products
- Improve Current Marketing Efforts
- Develop New Features
Key day-to-day operations
- Adwords Maintenance
- Customer Referral Program
- Contracts (written or verbal) with customers and suppliers
- Custom technology
- Customer databases
- Website files, source code and content
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
I am a software developer and entrepreneur. I have been developing software and websites for over twenty years, specializing in SEO and AdSense based businesses.