Friday, February 6, 2009

Will there be an end to this crisis?

The so called crisis has initially hit the US coming from the housing market. Now it has been a while since it hit EU as well affecting the newly integrated countries.

These countries such as Polang, Romania, Hungary and Bulgaria are emerging markets therefore their currencies weaker in front of a magnitude shake such as this.

As the saying goes what comes up must come down, so is this crisis. Estimates from investment banks such as UBS say June will be turnpoint for the US economy and with a desync-ed timeframe EU will follow the outgoing from the current economic downturn.

This post is actually about what I feel to be closer to reality that being an even sooner recovery. I base this affirmation on the fact that the development was at a higher pace than any similar past event. We would have then to judge and evaluate this based on its own current model not based on past models that rendered its prediction inefficient already.

So I think that just as fast as it grew it`s going to go back the same way. And we will see the spending back:)

So dear crisis, please go away.

Thursday, February 5, 2009

My recent visitors by location (country or city)

It`s amazing to see the content on PayPal, expuse code, credit cards, mastercards etc. posted in this blog get read by real people across the world.

Here are some Stats by location within the last 3 months:

Washington D.C.
Austin TX
Los Angeles CA
Santo Domingo Distrito Nacional Dominican Republic
Mumbai, Maharashtra India
Johannesburg Gauteng South Africa
Varna, Bulgaria
Bratislava, Slovakia
San Rafael, California
Tokyo, Japan
Munich, Bayern, Germany
Calgary, Alberta Canada
Hanoi Ha Noi Viet Nam
Lubbock Texas United States - Texas Tech University - 4 visits and an average of 1:57. That is something right? I mean I guess so...

I am proud of this last one the most: having served content to a University.

14% conversion rate increase with PayPal and BillMeLater

According to a Merchants review report by CyberSource you can get more conversion if you have more payment options.

The reason is simple: the more options for payment you offer your Customers the more likely you are them to buy from you.

As to what extent that is questionable. Also other concerns include availability of Merchant Accounts provided by PayPal and Bill Me Later. Both are services purchased by giant eBay Inc. and currently restrict to US only based merchant Accounts or/and banking relations.

Truth is it`s worth trying to add it to your site as an Add On to credit card processing as you can stop it at any time.

Fees are slightly higher 1.9 to 2.9% of each transactions with PayPal and $0.30 per transaction standard as opposed to $0.35 per Authorization with regular Merchant Acc. providers(bankards).

Sunday, February 1, 2009

website review

A couple of months ago we came across this website that has a collection of documents from scammers.

The name comes from article 419 from the Nigerian Penal code that refers to online crime.

It`s interesting that the scam-baiters collect and post pictures from fraudsters all over the place. Here is a very funny one called IBE Lowgoats

Browse through the Hall of Shame as they call it and enjoy yourself.