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Tag: paypal

  • 5 Best Alternatives for Stripe: All You Need to Know

    The world has to come to a point where we can do anything with just a touch or a click. From shopping to dating, everything can be done online. There is hardly anyone who is not taking the benefits of the digital world. It is making our life easier and more convenient. Thanks to this, our money transactions can also be done online.

    Digital transactions have taken the world by storm and almost everyone with a smartphone or a computer wishes to switch to digital payments. Not only digital payments are quick, seamless and efficient, but they have also become the need of the hour owing to the pandemic. In this article, we will talk about Stripe, which is a payment processing platform and the best alternatives it has. So. let’s get started.

    What Is Stripe?
    Alternatives to Stripe Payments Processor:
    PayPal
    Square
    Adyen
    Venmo
    Authorize.net

    What Is Stripe?

    Stripe Website
    Stripe Website

    Stripe is an integrated suite of payment products for e-commerce, applications and online marketplaces for accepting and sending out payments, from and to users. Stripe offers payments through the majority of financial technologies encompassing cards, checkout flows, and other digital transaction services that are constantly updated. Moreover, with over 99% uptime interface, scalability and best-in-class ML models, Stripe helps you avoid frauds and scammers and enhance revenue.

    Although Stripe is one of the best payment processors, there are other applications which offer similar functionalities with different plans and pricing. Since different websites and applications have different requirements, a single plan might not necessarily cater to the needs of all such applications. Moreover, Stripe still isn’t available to use in some countries and costs more than many other payment processors. Hence, here we compare different payment processors, to help you decide which suits you best.

    Alternatives to Stripe Payments Processor:

    PayPal

    PayPal Website
    PayPal Website

    Paypal is a payments processor, and an excellent alternative to Stripe, owing to its fast working and seamless transactions. It offers payments for both individual retailers and businessmen, and larger businesses and enterprises, which include shopping on eCommerce websites, payment returns, B2B payments, and freelancer fees. PayPal offers all such amenities with buyer protection, for safekeeping of your finances, with an easy-to-set up PayPal account and login.

    Stripe Vs PayPal – Can You Difference Between Them?
    As you know very well that in online activities it’s been easy to accept creditand debit card payments online. But a few years ago, if you wanted to makepayments through your website it involved some expenses. But everything got changed using two payment gateways that are stripe and PayPal. Stri…
    StartupTalkySweta

    Paypal for Business

    About 54% of the customers tend to buy a product when PayPal is available at the checkout, which sure doesn’t seem much, but makes a difference nevertheless. For business needs, PayPal allows you to both receive payments from customers all over the world and make payments in over 100 different currencies and 200 marketplaces. It also furnishes 24/7 fraud protection along with seamless integrations through APIs and SDKs. Moreover, Paypal lets you get paid even if you do not have a professional website or an application with email payment requests, invoices, and personalized payment links.

    Features offered by PayPal

    • Payment through PayPal is extremely fast.
    • Almost every country accepted PayPal
    • The conversion of your local currency through PayPal is quite easy.
    • The conversion fee in PayPal is lower compared to other payment gateways.






    Checkout Paypal


    Square

    Square Website
    Square Website

    Square payments gateway is all about accepting payments, irrespective of the online or offline market. It helps you accept payments, fast and secure with amenities such as card swipe through Square Reader, ApplePay or Google pay with NFC technology, online payouts, invoices and other digital means. Without any extra costs or long-term contracts, Square makes payouts as fast and seamless as possible, with affordable pricing. It furnishes you with the same costs for every card, with consistent and clear bills to pay monthly.

    Amenities for E-commerce

    Square offers solutions for selling online as an E-commerce website, as well as on social media such as Instagram. The solutions offered by Square are quite affordable and cost you only after you have actually started selling. Moreover, it offers more than just payment services, for running your established or thriving business, such as SEO to increase your search engine rankings and reach more customers. Square provides flexible tools, tailored to your specific business needs and scalability, and hence, can be suited to any number of enterprises or e-commerce sites.

    Features Offered by Square

    • Square is one of the quickest payment processors which offers to complete transactions within a business day.
    • Square Point of Sale has an easy-to-set-up interface, offering real-time analytics and an intuitive inventory.
    • It furnishes the users with a free Square Business Debit Card, to store and spend funds, while also keeping an eye on their cash flow.
    • Square doesn’t require you to create a merchant account, pay a statement fee, charge-back fee or deal with payment disputes, with the bank.
    • Be it the security of your data, or suspicious activity around your account, Square offers all-around protection and shields you against monetary fraud.

    Adyen

    Adyen Website
    Adyen Website

    Adyen is a payments processor which helps you accept payments, expand your domain, enhance conversions and hence revenue, and also offers expert suggestions from experienced professionals. Adyen allows payment through in-app purchases, through websites, and in-store purchases without any location barriers.

    Products offered by Adyen

    Adyen offers products such as Online Payments, Point of Sale, Platforms, and Unified Commerce with global coverage and an effort to increase authorization rates. Embedded dashboards with organized statistics can be quite helpful when analyzing customer data to get insights on performance and reporting. Adyen’s Point of Sale offers a certified PCI-compliant terminal with simple API integrations and robust platform stability. Platforms allow you to accept payments with your preferred interface on a website, mobile application or through the point of sale along with faster checkouts and any preferred currency.

    Features Offered by Adyen

    • The most wholesome feature of Adyen is that it offers global acquiring through a single platform without any integrations, saving you the trouble of managing different payment methods.
    • With cards ranging from Credit cards to Master cards to Alipay wallets, Adyen offers users a plethora of payment methods, to add to their checkout.
    • Adyen uses a data-driven risk management approach, and with the help of a cross-country data network, identifies frauds behind false declines and monetary cheats.
    • With the help of ML-driven models, Adyen helps you increase revenue with better authorization rates, customer experience, and low payment costs.
    • Adyen also allows users to understand customer behaviour, geography, payment flow, approvals and declines through insights into customer data.

    Venmo

    Venmo Website
    Venmo Website

    With over 60 million users, Venmo helps clients pay and accept payments fast and safely. With Venmo, you don’t just pay; you get to connect with friends and interact with emojis and stickers. You also get to manage your privacy settings, with no account set-up or money transfer costs. Venmo also allows you to seamlessly transfer money between your Venmo and bank accounts respectively.

    Venmo for Business

    Venmo allows you to accept payments with in-app purchases, online purchases, or in person, in a way very similar to the transactions between your friends, giving you, and your customer, a personalized experience. The checkout is seamless and familiar. Moreover, using Venmo Business allows you to get noticed by the 60 million other Venmo users, where your friends and customers can share their personalized experiences on their feed, in turn, boosting your reach. With just a single login credential, you can switch between business and personal profiles, and manage the business profile efficiently. Venmo also offers touch-free checkout with the use of unique QR codes for your business.

    Features Offered by Venmo

    • Venmo offers a business suite, in-app and online payments as well as Venmo debit cards.
    • Venmo charges less when compared to the other payment processors and hence, enhances sales of your business.
    • You get to discover places your contacts visit more often, and what they buy; while also being discovered for your side hustles, to grow your own business.
    • Venmo Debit card is another such utility it offers, that helps you pay your favourite stores and also get cashback, while all the activities involving the card can be monitored through the Venmo application.

    Authorize.net

    Authorize.net Website
    Authorize.net Website

    Authorize helps you make and accept payments with a variety of different options such as debit/credit, card e-checks to digital payments, among others. With a developer centre equipped with APIs, SDKs, and the best integration solutions such as a simple integrated ‘Buy Now’ button, Authorize offers solutions for eCommerce, Point of Sale, and card payments, all under one suite.

    E-commerce Solutions Offered by Authorize

    It can often be tricky to find the payment processing solution that fits all your business needs; lucky for you, Authorize helps you with all of that and more. Payment gateways authorize and process customer transactions until the purchase is made and the money transferred. This involves the authorization of the funds, then initializing payment and finally transfer of money from the customer’s card to your merchant account. Authorize helps you with not only the above but also comes with PCI-DSS compliance, fraud protection and prevention, solutions for multiple payment types and automated payments.

    Features Offered by Authorize

    • Authorize offers 13 fraud filters, which help identify and prevent you from being duped of your money. These filters include Velocity filter, IP filter, and transaction filter among several others.
    • Authorize furnishes you with a Customer Information Manager with information such as billing, shipping, and payment, in compliance with PCI DSS standards.
    • Automated Recurring Bills is another feature offered by Authorize which assists users with recurring, monthly instalments, or subscription-based plans.
    • For avoiding lost sales and payment interruptions, Authorize constantly keeps your card information updated. This also helps deliver customers, an amazing experience.
    • Get paid faster with Invoices. Invoices can be sent via customized email with your logo, and get paid from any mobile device.

    Comparison between Indian digital payments system Instamojo and Razorpay
    As of today, 160 million unique digital payments users are found just in India,which accounts for about 13% of the population. In European countries, thepercentage is as high as 68%. The pandemic has further boosted the use ofdigital payments. This triggers a question, that being, “Which is the b…
    StartupTalkyANSH MEHREY

    Conclusion

    The above-mentioned are some of the best alternatives to Stripe, which offers equally proficient functionality and features. The cost per transaction for most payment processors differs by less than 1-2%, and most of them have similar transaction charges. All in all, the e-commerce industry is on the rise, and you might need an online payment processor to keep up with industry standards.

    FAQs

    What is Stripe?

    Stripe is an integrated suite of payment products for e-commerce, applications and online marketplaces for accepting and sending out payments, from and to users.

    What are some best alternatives of Stripe?

    Some of the best alternatives of Stripe are:

    • PayPal
    • Square
    • Adyen
    • Venmo
    • Authorize.net

    Stripe is popular because of its fast and secure payment processing.

  • Restart Your Career With These Top 7 Returnship Programs for Women in India

    Women have always been an important part of some of the greatest accomplishments in the world. History has been created by them in every sector, especially the business industry, with the leadership qualities they are the head of some most popular companies in the world.  

    Even after facing a roadblock, they broke all the chains of shackles and are soaring high in the sky. The business world has seen some great women taking charge and leading from the front.

    Just like how women are playing big roles in every industry, there are women out there who have stopped working for different reasons. Those reasons range from taking care of their own self including mental and physical health, taking care of their families or some other pivotal reasons. As time passes, when they feel like coming back into the work environment, they might feel awkward and a little hard while re-launching their career.

    Nevertheless, various organisations have taken a step forward to eradicate this problem. Now we get to see a number of big companies organizing returnship programs. In this article, we will talk about the top returnship programs for women in India. So let’s get started.

    “I want every little girl who’s been told she’s bossy to be told again she has leadership skills.” -Sheryl Sandberg

    Google Next Innings Program
    Amazon Rekindle Program
    IBM’s Tech Re-Entry Program
    PayPal Recharge India
    Microsoft Springboard
    Accenture Return to Work Program
    Thoughtworks Vapasi

    What is Returnship Programs?

    There are people who leave their career behind and take their time off for many different reasons; it can be because of their child, to take care of their mental health or physical health, or learn some new things about themselves.

    When they decide to return to their job once again, they might need some help, because of that some organisation offers returnship programs to them.

    Returnship program is like an internship where instead of starting from the bottom you get introduced to your previous role and it helps you in understanding your role. Apart from that you also get to catch up with all the changes that have happened during your absence.

    Google Next Innings Program

    Google Next Innings Program Homepage
    Google Next Innings Program Homepage

    This program is for women who are looking forward to going back to their careers once again. Various experience leaders come forward to guide and mentor you. Some of the people who got selected, get a chance to work on Google Cloud’s core technologies where one not only get to see the development of the product but also learn and gain experiences from the experts. It is paid programme of 6 months and can be only done in Bangalore and Hyderabad

    To join this program one must have 3 years of experience, must possess a Bachelor’s degree in Computer Science or other technical related fields. Apart from that, a certain level of knowledge in programming languages is also needed. It is applicable for those women who have taken a break of 6 months or more.

    Amazon Rekindle Program

    Amazon Rekindle Program Homepage
    Amazon Rekindle Program Homepage

    One of the largest E-commerce platforms has launched this returnship program for women who have taken at least a 12-month break from their careers. This program is a ladder for those women who want to acquire the same position that they were in before their break.

    Those who want to apply for this program must come with previous experience in their position. After candidates join this program, information regarding interviews is provided to them apart from that they get mentored by experienced people as well.

    IBM’s Tech Re-Entry Program

    IBM’s Tech Re-Entry Program Homepage
    IBM’s Tech Re-Entry Program Homepage

    This program is for those who have taken at least 2 years of break from their careers and is thinking to return to their place. Women applying for this program must have experience before, the best part even if someone has taken a break of 20 years, they can also apply in this program.

    This program was launched in 2018 and it attains women to sharpen their skills and give them an opportunity to work with new technologies. Throughout the program, the candidates will be mentored by experienced professionals and the best from the rest will be taken for full time in IBM.

    PayPal Recharge India

    PayPal Recharge India
    PayPal Recharge India

    Available in Bangalore and Chennai, this program is for those women who have been working in the tech industry and has been away from their work for 1 to 5 years and is now thinking about returning to their job. Through this program, one gets to join PayPal’s boot camp and some also get into the skill-building programs and also get attractive job offers at PayPal as well.

    Microsoft Springboard

    Microsoft Springboard Homepage
    Microsoft Springboard Homepage

    The program offered by Microsoft in India provides an opportunity for women who have taken at least a break of 6 months from their careers. The applicants of the Springboard program must have experience of four years. The program is for 16 weeks and it is said to be a popular one for women who are trying to revive their careers after the break. Experienced leaders took the charge to mentor the candidates.

    Accenture Return to Work Program

    Accenture Return to Work Homepage
    Accenture Return to Work Homepage

    Accenture Return is 16 weeks paid returnship program, applicable to those who are away for at least 18 months or more. Job training is offered through this program, workshops are done to polish some skills of the candidate, especially their soft skills. After the tenure of the program is completed, Accenture offers full-time job opportunities to the candidates.

    Thoughtworks Vapasi

    Thoughtworks Vapasi Homepage
    Thoughtworks Vapasi Homepage

    Just like the above programs, Thoughtworks Vapasi is all about helping women make a comeback to their workplace after a break. Women must have at least three years of experience to apply for this program and have taken a break of 1 to 8 years. This program provides mentoring from experienced leaders and helps in enhancing the leadership qualities of the candidates. The program is hosted in the Bangalore and Hyderabad offices of Thoughtworks.

    Conclusion

    Women have proven their mettle again and again in every industry, the returnship programs help women to take charge of their career after the break that they took.  All these returnship programs provide valuable skills, mentorship and opportunities which helps Indian women to make a comeback in their professional life with a bang.

    FAQs

    How do returnship works?

    Returnships programs are internships offered to adults who took a break from their careers, they provide career opportunities by sharpening their skills, providing mentorships so that the candidates can go back to their previous job roles.

    Are returnships paid?

    Yes, many of the returnships are paid and are quite helpful for people.

    What is the benefit of the returnship program?

    Returnship program helps in learning new skills and new job opportunities are offered. It helps you get back to your work after a break and lets you start where you left off.

  • Business Model of Visa | How does Visa Inc. Make Money?

    The biggest digital payment brand, dominating the whole digital transactions companies around the globe, is Visa. Visa Inc. is widely famous across the globe and serves over 200 countries and numerous territories. Visa facilitates dozens of services at a broad level to the individual consumers, financial institutions, governments, and merchants. It offers authorization, settlements, and clearing services in the smoothest manner.

    Visa Inc. does not issue debit or credit cards although it does authorize the service of debit, credit, and prepaid cards to the enterprises as well as consumers. Visa gains its most profitable deals by selling services to various financial businesses and merchants, acting as the middleman. Visa’s biggest business strategy comes from expanding its presence to various digital payments, E-Commerce, and others. The biggest rival to Visa is Mastercard Inc. and PayPal Holdings Inc. in the market. In this article, we will discuss the business model of Visa and how it makes money! Let’s get started.

    About Visa
    Where does Visa Operate?
    Key Products and Services of Visa
    Target Audience of Visa
    Business Model of Visa
    What is unique about the Business Model of Visa?
    How does Visa make money?
    Conclusion
    FAQs

    How Visa Inc. Makes Money?

    About Visa

    Visa Inc. is a prominent global digital payment company that acts as the middleman in facilitating consumers, financial institutions, government, and other businesses. Visa’s services are available in more than 200 countries and territories across the globe.

    The American multinational corporation, Visa works as a financial services provider headquartered in Foster City, California, United States. Visa was founded by Dee Hock in 1958 as the BankAmericard.

    Visa is known as the second-largest debit and credit card payment corporation, after China’s UnionPay. This data is based on the number of card payments made and the number of card issues of the company, annually. Apart from this, Visa is the leading banking card company in the whole world, dominating around 50% market share of the entire card payments.

    Where does Visa Operate?

    Visa is a global payment company that serves more than 200 countries and territories, worldwide. It’s four secured data centers operated in Highlands Ranch, Colorado; Singapore; Ashburn, Virginia, and London, England.

    Key Products and Services of Visa

    Visa Inc. offers tons of services to its consumers such as clearing, authorization, and settlement services. Its major services and products are:

    • Services: Clearing, Authorization, and Settlement services. Moreover, mobile payments, top-up services, and money transfers.
    • Products: Visa provides its allotted credit cards, commercial cards, debit cards, prepaid cards, and other mobile and money transaction-based products.

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    Target Audience of Visa

    Visa majorly targets the people with a good income to spend and those who need credit points. The company targets its consumers through various channels such as banks or other financial institutions.

    The digital payment company believes in providing consumers with the utmost convenience of its stakeholders.

    Business Model of Visa

    Visa logo
    Visa logo

    Visa functions on a pretty different business model as compared to the conventional models. Who doesn’t have a Visa card nowadays? But it’s pretty amazing how its business model functions. The digital payment company, Visa is a publicly-traded company that comes in the listing of the New York Stock Exchange.

    Visa follows the Multiple sided platform- business model. It functions by spreading its card services everywhere. And the maximum the customer through a Visa card makes will be accepted by the merchants and vice versa.

    Visa mainly focuses its marketing campaigns on the customers holding Visa’s card and are the subsidy side of the company. Visa provides the best facilities for payment to consumers, businesses, and government organizations. In a further manner, Visa uses a proprietary transaction processing network of technology.

    What is unique about the Business Model of Visa?

    Visa’s mode of generating revenue is entirely different from any other organization. It functions with an open-loop system and follows a transaction-centric business model.

    Visa’s business model is based on connecting the consumers to the business owners as the middleman. Visa’s revenue generation isn’t based on the money made by the discount offers of merchants or consumer’s membership fees for issuing the card.

    Visa functions as a transaction-centric business model where it earns its revenue through the payments as well as transaction volume done from its personalized cards.

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    How does Visa make money?

    Visa charges little transaction fees from the merchants. Let’s suppose there is a certain amount the consumer transacted to the merchants. So around 2-4% of the total will be merchant fees. That 2-4% will be split between the consumers and the organization, based on the interchange fees. There is always a high risk of default payment by the consumer but the person with a Visa card keeps more generated money from the merchants.

    Visa generates its revenue from transactional processing, payment volumes, and value-added assistance including dispute management, issue processing, value-added information services, loyalty services, and many more.

    The revenue is distributed in four streams as Service revenue, International transitional revenues, data processing revenue, and other sources of generating more revenue.

    Conclusion

    Visa is an excellent digital payment company when it comes to serving customers promptly. Although it does make it the second-largest digital payment company after UnionPay of China. But apart from that, Visa is the first choice of everyone across the globe. It offers tons of amazing services to merchants, financial institutions, and others. Through this article, we got the knowledge on how the company makes its money as well as its business model. Stay tuned for more updates!

    FAQs

    When was Visa founded?

    Visa was founded in September 1958 by Dee Hock.

    What is the revenue of Visa?

    The revenue of Visa was 2,185 crores USD in 2020.

    Who is the CEO of Visa?

    The current CEO of Visa is Alfred F Kelly Jr.

    Who are Visa Inc competitors?

    Visa top competitors include:

    • Stripe
    • Mastercard
    • Capital One
    • PayPal
    • American Express

  • 5 Most Successful Recurring Payment Gateways in India

    Customers are able to ease their lives by signing up for the services they require. This is why subscriptions and recurring payments are integral elements of our hectic daily lives. If you are among those who are seeking a recurring payment gateway to receive subscription payment in India or any other country, read the article below.

    We’ll explain how to collect money. This is possible through an auto mode, which is a monthly subscription with an automated payment system that is activated. This is accomplished through recurring payment gateways.

    However, before you jump into the list, let us understand what is a recurring payment gateway.

    What is a Recurring Payment?
    How does Recurring Payment Work?
    Which are the best recurring payment gateways in Inia?

    1. CCAvenue Payment Gateway
    2. Razorpay Payment Gateway
    3. PayPal Payment Gateway
    4. LotusPay Payment Gateway
    5. Paytm Payment Gateway

    Conclusion
    FAQs

    What is a Recurring Payment?

    Recurring payments are transactions that are performed repeatedly and regularly over a specific time.
    Recurring payments are transactions that are performed repeatedly and regularly over a specific time.

    The recurring payment is the type of transaction that gives merchants the chance to process authorizations. These are authorizations that could be different to the specific customer. A recurring payment can be fixed or multi-faceted. It could be also repeated billing.

    Digital service providers around the world also offer services that allow users to pay for a subscription on a month-to-month basis, quarterly, or annually. These providers include MailChimp, AWS, Aweber and many others.

    Service providers who aren’t located in India charge customers with US dollars. They will bill the subscriber monthly amount without the involvement of their providers. However, in India customers must prove that they have paid by using the second method. Automatic subscription fees are not possible for Indian businesses.

    How does Recurring Payment Work?

    The situation in India is somewhat complex due to the two-factor authentication procedure. This means that we’re required to use recurring billing processing. Recurring payment processors cannot accept online payments without an OTP (one-time password).

    Every single person living in India uses OTP to process every online transaction. When we consider the transactions that are made with one click on the e-commerce sites like Amazon, Flipkart, etc. that isn’t really the same as an Amazon app, it’s the payment gateway. Anyone experienced with payments gateways knows that their OTP is a procedure that must be followed and can’t be avoided.

    Features of Recurring Payments
    Features of Recurring Payments

    Typically, a customer purchases or registers to a particular service by using the payment gateway. The customer needs to pay for the service at a regular interval. These intervals could be weekly, fortnightly or even monthly.

    The customer must provide the payment details like debit or credit card at the time of the initial payment. The payment information provided is then entered through the credit card processing system (not from the retailer). The bank is able to take any kind of transaction, either through a subscription or a regular payment gateway. They’ve already accepted such an offer to banks.

    When the subscription is due for renewal, the system transmits an email to the payment gateway to process the payment. Based on the authorization previously granted that it has secured the transaction, the funds are then transferred to the seller.

    How to Receive Recurring Payments From Your Customers

    Subscription Vs One-time Payment

    If you buy a product or service, you have to pay for the item. In the majority of cases, you only pay once. You can also choose to pay via the internet by using a payment processor. There are numerous payment options accessible. You can take advantage of one of them to grow your business.

    But, there are numerous businesses where you need to pay on a regular basis. For example, subscriptions model businesses like Netflix, Disney+Hotstar, etc. Subscriptions and recurring payments require authorization from the customer to be paid off.

    A customer must allow his bank to make automatic payments automatically. This is the reason why it is faster. This is the best option for businesses because it doesn’t require following up with customers.

    Which are the best Recurring Payment Gateways in India?

    There are various recurring payment gateways in India that allow customers to make payments online. Some of the popular ones are:

    CCAvenue Payment Gateway

    CCAvenue is among the most popular payment gateways used by Indian merchants.
    CCAvenue is among the most popular payment gateways used by Indian merchants.

    With CCAvenue, you’ll be able to move beyond traditional invoices and billing. This provides an uncomplicated subscription service that is enjoyable to use. It is possible to build a custom subscription plan to meet the requirements of your company. It also permits recurring payments using various payments options.

    It makes the process of payment simpler for users and guarantees prompt transactions. CCAvenue helps you avoid complicated calculations. There won’t be any delays in transactions when you use CCAvenue subscriptions that are automated.

    Razorpay Payment Gateway

    Razorpay UPI Autopay allows merchants to collect payment anytime.
    Razorpay UPI Autopay allows merchants to collect payment anytime.

    It is now possible to create recurring payments using UPI. UPI AutoPay (also known as UPI recurring) lets merchants select the debit card for users. This is not just beneficial to existing businesses but also provides an even wider market. It also allows businesses to look into new revenue streams by incorporating the possibility of up-autopay.

    UPI Recurring is providing adaption across all major UPI Apps. It is supported by BHIM, HDFC, iMobile and is expected to get more support.

    Razorpay Recurring Payment Charges

    The standard transaction fee for payment gateway:

    Plans Pricing
    Indian debit and credit cards 2% per transaction + GST
    Net banking 2% per transaction + GST
    UPI & Wallets 2% per transaction + GST
    Diners, Amex, International cards & EMI 3% per transaction + GST
    Additional charges on subscription 0.9% charges to every payment

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    PayPal Payment Gateway

    PayPal Recurring Payments allow invoicing your customers for digital and physical items as well as services.
     PayPal Recurring Payments allow invoicing your customers for digital and physical items as well as services.

    About 200 million users around the world utilize PayPal for online payments. PayPal is the largest provider of 35% of all world’s payments. This is a fantastic option to accept payments for memberships, and more.

    PayPal subscriptions let you manage the recurring payment for specific services. Using this type of payment, you can establish billing intervals, frequency and other options.

    LotusPay Payment Gateway

    LotusPay helps to automatically collect recurring payments from the customers' bank account.
    LotusPay helps to automatically collect recurring payments from the customers’ bank account.

    LotusPay provides a recurring payment system for companies located in India. NACH platform is a simple dashboard with REST APIs, as well as mobile SDKs. All this is to manage subscriptions, plans, users, settlements and payments. It secures the money and then sends them to you promptly. All of it is fully automated.

    How does it work

    • You can make general plans that include different amounts, frequencies and lengths. You may even design a plan with flexible payment. Custom subscriptions are also designed for specific customers.
    • Users will receive authorization links to your page. All you have to do is add your personal details. Then, authorize the mandates.
    • The process is secured through banks’ channels. It is active within 1-2 days. When the due date for payments is reached, it will automatically debit the account of the user. It is done according to the schedule of subscriptions. They then pay the money to you.

    LotusPay Recurring Payment Charges

    Plans Pricing
    Standard charges 1% per successful transaction
    Maximum fee Rs.50
    Minimum fee Rs.5
    Monthly fee Rs.0
    Setup fee Rs.0
    GST taxes applicable

    Paytm Payment Gateway

    Paytm lets you make subscription payments that aids merchants in collecting recurring payments. This is done without having to explicitly go through the repurchasing procedure. This method is utilized for products that are used on a regular basis. Transactions are performed periodically by the customers.

    Paytm gives merchants seamless ways to take the subscription payment from their clients.
    Paytm gives merchants seamless ways to take the subscription payment from their clients.

    Paytm Recurring Payment Charges

    There are no one-time or recurring charges for setting up and running your Paytm for business account.

    Conclusion

    Credit and debit cards are the most common method for conducting a digital transaction in India. This was made possible by the advent of UPI. UPI (Unified Payments Interface) has evolved into an alternative for continuous payments. It lets transactions be dependent on the pull.

    The seller is only required to begin the process with the intention of deducting the subscription each month. Subscribers will be enrolled using an m-PIN. This allows the seller to make it simpler to avail of the services without needing the card or account information. A recurring subscription is purchased with a credit card only. There’s a chance it could be purchased with debit cards too.

    Hope that you’ve grasped the concept behind recurring payment gateways.

    FAQs

    How do recurring payments benefit consumers?

    Recurring payments are more convenient for customers since they have to enter the billing information only once. The recurring payments begin there and they then deduct the amount out of their account at exactly the appropriate date on the day of their bill.

    How does recurring payment work?

    Recurring payment allows the customers to authorize the merchants to draw funds from their accounts regularly for purchases and services that they receive on a regular basis.

    Which payment gateway is best in India for startups?

    These are just a few of the most well-known payment gateways that are popular in India.

    • CCAvenue Payment Gateway
    • Razorpay Payment Gateway
    • PayPal Payment Gateway
    • LotusPay Payment Gateway
    • Paytm Payment Gateway

    Is recurring billing good?

    A recurring bill is a system that allows businesses to accept ongoing payments however, it is able to obtain the card details from the customer just once. Recurring billing is beneficial for business owners because it guarantees an unpredictable flow of cash while the automated configuration can cut down on time and costs.

  • Paytm Interesting Facts You Never Knew

    Paytm is the biggest E-commerce company in India which specializes in the digital transactions system. Paytm is trusted and used by millions of Indians for shopping, transferring cash, booking tickets, and paying day-to-day bills.
    How did Paytm get here? The journey was not an easy one!

    Here are the top 10 interesting facts about Paytm.

    Founding of Paytm
    The idea of Paytm
    Paytm is an acronym for Payment Through Mobile
    One97 Communications is the parent company of Paytm
    PayPal filed a case against Paytm in 2016
    Paytm is available in 11 Indian languages
    Paytm wallet application counts to 100 Million downloads
    Jack Ma Purchased Stakes in Paytm
    Paytm contributed to PM cares fund during COVID-19 pandemic
    Ratan Tata has invested in Paytm.
    Paytm Mall
    FAQs

    Facts about Paytm account

    Founding of Paytm

    Paytm Founder- Vijay Shekhar Sharma
    Paytm Founder- Vijay Shekhar Sharma

    Paytm was founded by Vijay Shekhar Sharma with an initial investment of $2 million in 2010. It has its headquarters at Noida.

    The idea of Paytm

    Vijay Shekhar got the idea to build Paytm during his visit to China when he saw vegetable vendors using their cell phones to accept payments from some buyers.
    This prompted him to set up a Paytm wallet in 2013.
    Paytm is the most secure application. Paytm gives App secret word to your Paytm wallet and uses QR codes to complete transactions.

    Facts about Paytm Owners and shares of Paytm

    Paytm is an acronym for “Payment Through Mobile”

    Paytm attracted a large crowd for the ease of online recharges, wallets, and shopping experiences. It also offered cashback and free movie tickets to its users.

    One97 Communications is the parent company of Paytm

    In 2005, Vijay Shekhar Sharma began One97 Communications that offered portable content like news, cricket scores, ringtones, jokes, and test results.
    One97 is the parent organization of Paytm, which was launched in 2010.

    PayPal filed a case against Paytm in 2016

    PayPal filed a case against Paytm in 2016 on the grounds of using similar blends of colors in its logo. Paypal claimed Paytm had stolen from its logo and created a logo that was “blatantly and strikingly similar” to its own logo.
    The two-toned blue color scheme was a resemblance to the Paypal logo.
    Paypal objected that Paytm wanted to gain an advantage over its opponent and ruin its reputation!

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    Paytm is available in 11 Indian languages

    The default language selected for Paytm is english. However, Paytm is avaliable in 10 different Indian languages. Some of these include Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya, and Punjabi.
    Paytm has reached almost 88% of Indian villages and most of the users are based in Tier 2 and Tier 3 cities.
    Paytm says that many Indians have still no access no internet even today and hence, they are taking a step towards “Digital India”

    Paytm wallet application counts to 100 Million downloads

    Paytm wallets applications has 100 Million downloads on Google play store. There are over 350 million Paytm users.

    Jack Ma Purchased Stakes in Paytm

    In 2015, Chinese money manager Jack Ma, proprietor of Alibaba Group, purchased a $500 million stake in Paytm. Jack Ma is assessed to hold 30 to 40 percent of Paytm. Alibaba holds a share of 25% of Paytm. Alibaba presently gives help to Paytm to further develop extortion detection and satisfaction systems also.

    Paytm contributed to PM cares fund during COVID-19 pandemic

    Paytm has great contribution during Covid 19 pandemic. It has contributed to PM CARES relief fund. Each Rs 10 received via a single user was donated to the PM cares fund via the Paytm app. In 10 days, Paytm had collected Rs 100 crore Via Paytm, 21000 oxygen cans were shipped to patients in need, and oxygen plants were donated to 13 of the worst-hit cities in India.

    Ratan Tata has invested in Paytm

    Paytm belongs to one of the few companies which have received personal investment by renowned Indian tycoon Ratan Tata.
    $100-billion worth Tata Group CEO has invested in Paytm, which is looking to directly compete with online retailers like Flipkart, Amazon, and Snapdeal.
    This will help in boosting the country’s digital economy.

    Paytm Mall

    Paytm mall logo
    Paytm mall logo

    Paytm launched Paytm Mall in 2017 which permits customers to shop from 1.4 lakh enlisted sellers. It is a BTC model inspired by China’s TMall.
    Paytm Mall has set up 17 content communities across India and collaborated with in excess of 40 messengers.
    Paytm Mall raised $200 million from Alibaba Group and SAIF Partners in March 2018.
    Paytm Mall suffered a loss of around  ₹1,800 crores and its market share dropped from 5.6% to 3%.

    FAQs

    When was Paytm founded?

    Paytm was founded by Vijay Shekar Sharma in 2009.

    Who is the owner of Paytm?

    Paytm parent organisation One97 Communications owns the company.

    Is Paytm owned by Tata?

    No. Ratan Tata has invested in Paytm in March 2015. He picked up a stake in Paytm parent company, One97 Communications. He also plays a role of an advisor for the company.

  • What caused the recent outages in Reddit, Twitch, Pinterest and other popular websites?

    An exhaustive list of websites, which include Reddit, Twitch, PayPal, Amazon, Github, Stack Overflow, HBO, Quora, Shopify, Vimeo, and several news outlets like CNN, The Guardian, New York Times, Bloomberg News faced an outage today. An outage of this stature occurs rarely, and has thus been a subject to news, views, discussions, and ridicules all around the world. Twitter being the receptor of such news has obviously been flooded ever since the outage was first discovered.

    What caused the outage?
    How long was the outage observed?
    What should you know about Fastly?
    Did it also affect India?
    FAQ

    What caused the outage?

    The recent outage that affected a massive number of popular apps and websites around the globe has supposedly occurred due to the technical glitches experienced by Fastly, a popular American cloud-computing and CDN service provider.

    Fastly has reported that it has been experiencing issues with the CDN services on Tuesday afternoon and has also informed the same on its Twitter. The firm announced, “We’re currently investigating potential impact to performance with our CDN services.”

    As soon as Fastly declared about the outage they were facing, the other websites started to experience similar problems. The users who tried to visit the above-mentioned websites during the outage seemed to be stuck with a screen that says “Error 503 Service Unavailable”.

    Fastly Outage
    Fastly Outage

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    How long was the outage observed?

    The outage was first reported at 3:28 pm, Tuesday, June 8, 2021, by the Fastly systems, and it continued to disrupt the services on some major platforms till 5:27 pm when Fastly applied a fix. So, it was an outage that lasted for 2 hours, according to Fastly.

    However, the cloud computing giant also informed that users around the world might continue to face difficulties in accessing several websites for some time after it has already been fixed by Fastly.

    What should you know about Fastly?

    Fastly is a popular CDN services platform that helps speed website loading times with the help of “edge cloud.” This technology boosts the loading time of the websites along with helping them to tackle denial-of-service attacks or the cyber-attacks that try to deliberately maim a particular machine or network resource.

    Fastly is one of the most popular service providers in North America and South America that powers some of the prominent online media websites. This is the reason why the majority of the complaints were discovered in the Northern and Southern regions of America.

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    Did it also affect India?

    The Fastly-induced downtime that was experienced extensively across North and South America also affected some parts of India. Fastly, which operates in the Indian cities of New Delhi, Mumbai and Chennai also experienced issues with its operations and has cited “Degraded Performance” in these regions.

    Conclusion

    Though the Fastly issue that the world experienced today was “global CDN disruption” and was not limited to a particular data center, the global cloud service provider acted swiftly and ended the outage faster than it was thought of!

    However, such continuing outages that had also earlier affected Amazon Web Services, raises questions on the evolving internet infrastructures and why they are limited to a countable list of companies.

    FAQ

    What is fastly used for?

    Fastly is a content delivery network (CDN) company that helps users view digital content more quickly.

    Which companies use fastly?

    A total of 812 companies reportedly use Fastly including tech giants like Netflix, HBO, PayPal etc.

    Who are fastly competitors?

    Cloudflare, Amazon Web Services (AWS), Akamai, Google, and Microsoft are competitors of fastly.

  • Payoneer – Should you use it for Your Business?

    We are living in a digital era where jobs and businesses are no more confined to our own country. Small and large businesses have risen above the border restrictions. They are spreading their wings globally. Therefore, Payoneer has entered the picture. It’s a hassle-free payment platform that allows users to send and receive money worldwide. It’s handy and serves you wherever you live.

    Is it worth it? Let’s find out how it serves you and where it’s lacking in performance so you can make a final decision.

    Payoneer Review
    Top Features of Payoneer
    Payoneer – Pros
    Payoneer – Cons
    Payoneer – Pricing
    Payoneer – FAQ

    Payoneer Review

    Payoneer has provided a super solution that we didn’t even know we needed. Its network is spread across many industries including Upwork, Airbnb, Wish, Getty Images, and Fiverr. It seems well-equipped to successfully bridge the gap between various countries. Now freelancers have another option to receive money from foreign employers.

    Once registered, he/she can enjoy automatic money transfers to their local bank account within 24 hours. Requesting payment from international clients has never been easier. Although PayPal, the top competitor of Payoneer, is still leading the race. Top reasons include price difference. Payoneer is working its way into the market well enough considering it’s still young in the business.

    Let’s see how it works.

    Operation is easy. Here’s a step by step guide for you:

    Payoneer Sing-in Page
    Payoneer Sing-in Page
    • Sign in to your Payoneer account
    • Click on ‘request a payment’
    • Select the payer from your list of contacts
    • Enter your personal (name, email) and payment details (currency, amount)
    • Quickly attach all the payment documents and work samples
    • Preview if you want.
    • And DONE.

    A link will be sent to the client on your behalf. When they click on the “Pay Now” link, they’ll be redirected instantly to their Payoneer platform and can send you the money.

    The most difficult task for Payoneer is obviously outdoing PayPal, which has been in the market for much longer time. It all comes down to the user experience though. If the app satisfies the users, more downloads will follow.

    Payoneer customers
    Payoneer Customers

    Top Features of Payoneer

    1. Easy onboarding: You can set up a Payoneer account direct from the website and it’s free. Since credit card is unacceptable, there’s no underwriting process.

    2. Local Currency account: Changing currencies is a tricky task but Payoneer lets you wash your hands off it. You’ll just receive money in your local currency.

    3. Marketplace Network: Its network has spread to almost all popular marketplaces and it’s constantly growing. So, you can always use the same app no matter which industry you work in.

    Payoneer – Pros

    • Hassle-free money transfer
    • Extremely beneficial for freelancers and contract workers. The freelance market is growing and global transactions are necessary. You’ll need this so you can focus on your work only and not the payment hassle.
    • You can increase your reach to the international market without worrying about the currency exchange.

    Payoneer – Cons

    • The cost of exchanging is higher as compared to some top competitors.
    • It charges an annual fee for using Mastercard.
    • According to some customers, the fraud detection system is a bit over reactive as it terminates the account over little suspicion.

    Payoneer – Pricing

    Getting paid directly by clients

    3% on credit cards

    1% on ACH bank debits

    Getting paid by marketplaces

    The fee as set by the marketplace itself

     

     

    Withdrawal in the same currency

    1.50 (dollar, euro, GBP)

    Withdraw to a local bank in local currency

    2%

     

     

    Pay

    1% ACH

    3% Credit Card

     

    1% local bank transfer






    Use Payoneer Now



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    Payoneer – FAQ

    Is Payoneer safe?

    Yes, Payoneer is 100% safe.

    What does Payoneer do?

    Payoneer is an online money transferring app that lets you send and receive money from foreign clients and automatically converts currency to your local one when a transaction is made.

    Does Payoneer work in India?

    Yes, Payoneer was banned by RBI earlier but is now functional again in India.

    Is it free to register on Payoneer?

    Yes, Registration is free on Payoneer.

    Final Words

    Freelancers and contract workers will dominate many service industries in a few years. Sign up today and open doors to the international market. Become a part of this top payment app that allows super-fast money transfer at a low cost.

  • Top Sequoia Capital Investments

    Sequoia Capital has invested in some of the greatest ideas that this planet has ever seen. Don Valentine founded Sequoia Capital in 1972 and it has been creating history since then. It seems they have some ‘magic formula’ to predict the immense success of start-ups that get pitched to them. Of course, they don’t pick all of them but they sure do have a good hand.

    Sequoia Capital Portfolio is bejewelled with many start-ups that changed the face of the world. Sequoia Capital investments are not necessarily done in fancy places. They are willing to meet start-up owners anywhere they want. They understand that young start-ups need to save money.

    But just like everything in this world, Sequoia Capital investments are not perfect. It let go of some great opportunities like:

    • Investing in Apple, which it dropped out of after a short period
    • letting go of twitter because they wanted 20-30% share and the company offered 10%
    • Investing in Facebook

    All in all, this hasn’t stopped the venture capital from making some great investment deals.

    Paypal
    Reddit
    Tumblr
    Zoom
    Whatsapp
    Yahoo
    Google
    Glossier
    Youtube
    Instagram
    Linkedin
    Zomato
    Picsart
    FAQ

    Here’s a list of the top 13 Sequoia Capital Investments ventures that got big

    Paypal

    PayPal revolutionized the way we pay for things. It made cashless transactions easy and Hassel-free. Sequoia Capital investments are majorly made in companies that provide solutions to a problem.

    Companies like PayPal simplify peoples’ lives therefore they are bound to make profit.

    Founder: Elon Musk, Max Levchin, Peter Theil

    Founded in: 1999

    Partner: Michael Moritz

    Partnered in: 1999

    Reddit

    Reddit has become the core of funny online content. Although it’s a site where people discuss and comment on all kinds of topics, its GIFs are the most popular. Recently, Reddit users shook up the stock market which made clear the power that it possesses.

    Founder: Steve Huffman

    Founded in: 2005

    Partner: Alfred Lin

    Partnered in: 2014

    Tumblr

    Tumblr provides creative people all around the world to create, share and follow the content of their choice. The venture capital calls this idea authentic and said that when the idea was pitched in, it was, “equivalent of love at first sight”.

    It’s beautiful to see when an investor shares the vision of the founder. It’s bound to be a success.

    Founder: David Karp

    Founded in: 2007

    Partner: Roelof Botha

    Partnered in: 2010

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    Zoom

    Zoom is a video conferencing app. It provides group messaging and online meeting services that became our survivor in the Covid situation. Its top-of-the-class video and audio qualities make meetings effortless.

    Founder: Eric Yuan

    Founded in: 2011

    Partner: Carl Eschenbach, Pat Grady

    Partnered in: 2016

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    Whatsapp

    Who doesn’t know what WhatsApp is? If you don’t, you might be living under a rock. It an online messaging, calling, and video calling app. Recently, WhatsApp has launched its new payment feature.

    It has more than 100 million active users. It’s the most used messaging app in India. Sequoia Capital funded WhatsApp and helped it reach phenomenal heights.

    In 2014, WhatsApp was bought by Facebook.

    Founder: Brian Acton, Jan Koum

    Founded in: 2009

    Partner: Jim Goetz

    Partnered in: 2011

    Yahoo

    Yahoo is an information site that brings together all the information on one platform for users to benefit from. Yahoo is creating personalized user experiences to make the task easier.

    Founder: David Fello, Jerry Yang

    Founded in: 1994

    Partner: Michael Moritz

    Partnered in: 1995

    Google

    Google, the world’s biggest search engine is also among Sequoia Capital Investments. You can find out information about everything on Google. By organizing different websites and indexing their content, Google provides the best possible results for user search. It is dedicated to improving the overall user experience and caters to all their needs.

    Founder: Sergey Brin, Larry Page

    Founded in: 1998

    Partner: Michael Moritz

    Partnered in: 1999

    Glossier

    Glossier is another company under Sequoia Capital Investments. It is a beauty brand that customizes beauty according to the person. It focuses on individual needs rather than providing one product that is to be used by everyone.

    Founder: Emily Weiss

    Founded in: 2014

    Partner: Sonya Huang

    Partnered in: 2019

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    Youtube

    YouTube is the world’s greatest video-sharing site. It allows users to effortlessly upload videos for users to see. Sequoia Capital Investments helped the site become a platform for learning, entertainment and message spreading that also created tons of jobs.

    Founder: Chad Hurley, Javed Karim, Steve Chen

    Founded in: 2005

    Partner: Roelof Botha

    Partnered in: 2005

    Instagram

    Instagram has become extremely popular in very little time. It is the go-to app to upload art and photos for the huge audience that is at your disposal. Brands and small businesses can also promote their products through influencers.

    Founder: Kevin Systrom, Mike Krieger

    Founded in: 2010

    Partner: Roelof Botha

    Partnered in: 2012

    Linkedin

    Sequoia Capitals investments are about bringing unique ideas to life. It’s something that we all need but just cannot put a finger on. An online platform for businesses and employees that promotes jobs and servicepersons was much needed.

    LinkedIn made it possible to link talented individuals to the employers that need them.

    Founder: Reid Hoffman, Jeff Weiner

    Founded in: 2002

    Partner: Michael Moritz

    Partnered in: 2003

    Zomato

    Zomato made the option of food delivery, wide open in India. It was present before but wasn’t used much. The brilliant idea of linking the restaurant to a hungry person worked wonders. What’s the use of good food without a foodie, right?

    Zomato is a unicorn company now.

    Founder: Deepinder Goyal, Pankaj Chaddha

    Founded in: 2010

    Partner: Mohit Bhatnagar, Abheek Anand, Ashish Agarwal

    Partnered in: 2013

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    Picsart

    PicsArt Website
    PicsArt Website

    PicsArt is a popular online image editing app. It provides a wide range of features to present a simple photograph in the most creative way possible.

    Founder: Hovhannes Avoyan, Artavazd Mehrabyan

    Founded in: 2011

    Partner: Mike Vernal, Stephanie Zhan

    Partnered in: 2014

    FAQ

    How many employees does Sequoia have?

    Sequoia Capital has around 760 employees.

    What is sequoia capital

    Sequoia Capital is an American venture capital firm.

    Who founded Sequoia?

    Sequoia was founded by Don Valentine in 1972. In the mid-1990s, Valentine gave control of the company to Doug Leone and Michael Moritz.

    Conclusion

    These were some amazing companies that made a mark in the world. Sequoia Capital Investments ventures have shaped these companies’ future for the better. It takes a great ‘eye’ to identify the true potential behind an idea. This venture capital continues to support bright minds with their finances.

    Some recent sequoia capital investments include CoinSwitch Cuber, Pristyn Care, Druva, and Razor pay.

  • Elon Musk: The Real Life Iron Man

    This figure needs no introduction. The man with the citizenship of South Africa, Canada, and the United States, the entrepreneur is without second thoughts the most talked about man in the tech industry now. There’s nothing that this man can achieve. At 47, he has achieved almost everything one can dream of. Starting from launching rockets into the orbit, making cash payment easy (through PayPal), launching electric vehicle, and building Hyperloops, Musk has had his finger in all possible pies. His appearance in television shows and gracing award shows makes him a favorite for tabloids. His appearance in Rick and Morty, a television series that has gained a huge following, attests to his popularity. Elon Musk is the real-life Tony Stark!.

    Elon Musk”s net worth is $176.4 Billion as of April,2021.

    Elon Musk Story
    Elon Musk Companies
    Elon Musk-Zip2 Corporation
    Elon Musk-PayPal
    Elon Musk-Space X
    Elon Musk-Tesla Motors
    Elon Musk-The Boring Company
    Why Elon Musk is Famous?
    Elon Musk – FAQs

    Elon Musk Story

    Born in Pretoria, South Africa, Elon always wanted to do something big about his fantasies. He was lost in his imaginary world so much that his parents had to consult a doctor to have his hearing checked.

    To see your parents getting separated is the last scene a child would like to see. It leads to all kind of trauma. Elon, who was ten at the time of his parent’s divorce, kept himself from getting distracted by immersing himself in the world of computers. At twelve, he created his first software, a game called Blastar.

    As a child, Elon was an introvert and a bookworm. Unfortunately, he was bullied at school until he learnt karate and basic wrestling.

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    Elon Musk Companies

    Elon Musk has founded and has been associated with many companies. He founded Zip2 Corporation in 1995 and later launched other companies like X.com, Space X, The Boring Company, and more. He is the CEO, and product architect of Tesla.

    Elon Musk-Zip2 Corporation

    Zip2 Corporation - Elon Musk Company
    Elon Musk Zip2 Corporation Logo

    The startup Zip2 Corporation provided Elon’s first shot at becoming a household name. Elon and his brother, Kimbal Musk, were the founders behind Zip2 Corporation. Zip2 Corporation was an online city guide and provided content for companies like The New York Times and the Chicago Tribune. A division of Compaq Computer Corporation brought Zip2 Corporation for $307 million.

    Elon Musk-PayPal

    PayPal - Elon Musk Company
    Paypal Logo

    His next step to fame was introducing X.com, which later became PayPal. He worked with Kimbal Musk and the brothers used the money received from the sale of Zip2 to set up X.com in 1999. X.com (PayPal) was an online financial services and payments company. Acquisition by another domain of the same name lead to a name change and the company was renamed to PayPal. Elon’s net worth saw a steep rise in 2002 when PayPal was acquired by the giant eBay for $1.5 billion.

    Elon Musk-Space X

    space X - Elon Musk Company
    space X Logo

    The name Space X will be forever associated with Elon Musk. Space X stands for Space Exploration Technologies Corporation. Space X was launched in 2002 with the intention of exploring the outer world for commercial purposes. The rise of Space X wasn’t linear, there were many obstacles in the path. Numerous rocket failures during launch plagued a smooth sail. The invention of Space robots and much more space equipment made headlines all around the world. In the year 2008, when Space X had cemented its reputation, NASA awarded the company a contract to handle cargo transport for the International Space station. This move was made to replace NASA’s own space shuttle missions.

    2012 was a grand year for Musk and Space X when the Falcon 9 rocket was launched into space. Falcon 9 was sent to the International Space Station with 1,000 pounds of supplies and extra backup for the astronauts. This was a significant synergy as a private company was collaborating with the International Space Station. A successful attempt to carry a satellite into the geosynchronous orbit was achieved by Falcon 9. It was a landmark achievement since this was a distance at which the satellite would lock into an orbital path matching the earth’s rotation.

    There were more successful attempts by Space X to revolutionize the spacecraft industry and recently, they launched a batch of 60 rockets into space which was followed by another batch of the same size in November 2019.

    Safe to say, mankind wouldn’t have seen such rapid achievements in a decade had it not been for Elon Musk.

    Elon Musk-Tesla Motors

    Tesla - Elon Musk Company
    Tesla Logo

    The automotive industry is another domain Elon Musk has established his dominance in. Elon is the co-founder, CEO and product architect at Tesla Motors. Tesla Motors was founded in 2003. This company develops affordable and eco-friendly mass-electric cars and battery products.

    The unveiling of the iconic Roadster in 2008 was a milestone for Tesla. Roadster can accelerate from 0 to 60 mph in just 3.7 seconds and has upset many sports cars brands that were unchallenged till now.

    Model S, the company’s first electric Sedan was another offering that took the industry by storm. Model S was awarded the 2013 Car of The Year award due to its capability to cover 265 miles between consecutive charges.

    Elon Musk-The Boring Company

    The Boring Company - Elon Musk Company
    The Boring Company Logo

    The most recent offering by Elon Musk is The Boring Company that was launched in 2017. This company is devoted to boring and building tunnels to ease traffic. The foundation of The Boring Company was laid by a test dig on the Space X property in Los Angeles.

    In 2019, the company received a $48.7 million contract from the Las Vegas Convention and Visitors Authority to build an underground loop.

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    Why Elon Musk is Famous?

    Achieving multimillionaire status and envy worthy success in mid 20s is no less than legendary. At the age when children spend most of their time mugging up science theories, Elon Musk had created his own software. With the wish to work for the betterment of humanity, Elon has already garnered a dedicated following. While most billionaires indulge is philanthropy for publicity, Elon Musk has his sights set on doing noteworthy deeds that would be remembered for generations to come. The kind of inventions Elon Musk is coming up with makes him a real life Tony Stark!

    Elon Musk – FAQs

    Who is the richest person in world?

    Elon Musk is among the top ten richest people in the world as of March 2021.

    When was Elon Musk born?

    Elon Musk was born on June 28, 1971.

    What is net worth of Elon Musk?

    Elon Musk has a net worth of $176.4 billion dollars.

    What is the Education of Elon Musk?

    Elon Musk is a graduate in 1997 with a Bachelor of Science and  Bachelor of Arts from the University of Pennsylvania.

    What is the Elon Musk age?

    Elon Musk is 49 years as of  April 2021.

    Why is Elon Musk so famous.?

    At the age when children spend most of their time mugging up science theories, Elon Musk had created his own software. Elon Musk came to the limelight in May 2012, after his founded company SpaceX launched a rocket that would send the first commercial vehicle to the International Space Station.

  • Peter Thiel: Co-Founder & Former CEO of PayPal

    Peter Thiel is a German-American entrepreneur and venture capitalist, a person who makes investments in companies in exchange for an equity stake. He is the Co-founder of PayPal, Palantir Technologies, and Founders Fund. He became Facebook’s first outside investor after acquiring 10% stake for $500,00 in August 2004. He was ranked 4th on the Forbes Midas List of 2014 with a net worth of $2.2 billion. He was named on the Forbes 400 list in 2020, with a net worth of $2.1 billion. He is an active Philanthropist and conducts most of his philanthropic activities through the Thiel Foundation.

    Peter Thiel- Biography

    Name Peter Andreas Thiel
    Born 11 October, 1967
    Birthplace Fraqnkfurt, West Germany (now Germany)
    Age 53 (2021)
    Nationality German- American
    Citizenship Germany (1967-1978); United States (1978-present); New Zealand (2011-present)
    Education Stanford University
    Profession Entrepreneur
    Co-founder of PayPal; Palantir Technologies; Founders Fund
    Position Former CEO of PayPal; President of Clarium Capital; Chairman of Palantir; Chairman of Valan Ventures
    Net worth $7.32 billion (December 2020)
    Books The Diversity Myth; Zero to One
    Marital status Married (2017)
    Spouse Matt Danzeisen
    Children 1

    Peter Thiel- Personal Life
    Peter Thiel- Education
    Peter Thiel- Professional Life
    Peter Thiel- Startups
    Peter Thiel- Success story
    Peter Thiel- Co-founder Former CEO of PayPal
    Peter Thiel- Founder of Thiel Foundation
    Peter Thiel- Honors & Awards

    Peter Thiel- Personal Life

    Peter was born in Frankfurt, Germany. His family shifted to United States, later to Southern Africa and finally settled in California in 1977. He is a brilliant chess player and holds the title of Life Master, a chess title awarded by the United States Chess Federation (USCF).

    He married his long-time partner, Matt Danzeisen in October 2017. His wife works as a portfolio manager at Thiel Capital. The couple bear a daughter.

    Peter Thiel- Education

    Peter received his bachelor’s degree in Philosophy from Stanford University in 1989. He further earned his Juris Doctor (J.D.) degree from Stanford Law School in 1992.

    Peter Thiel- Professional Life

    After completing his education, he started working as a judicial law clerk for Judge James Larry Edmondson of the U.S. Court of Appeals for the Eleventh Circuit. He has also worked for Sullivan & Cromwell, as a securities lawyer. He was also a speechwriter for former- U.S. Secretary of Education William Bennet. He was a derivative trader at Credit Suisse.

    Peter Thiel- Startups

    He co-founded his first startup named Thiel Capital Management in 1996. He is the Co-founder of PayPal and served as its Chief Executive Officer (CEO) from 1999 to 2002. His CEO position ended owing to the sale of PayPal to eBay in 2002 for $1.5 billion.

    He then co-founded a global macro-hedge fund called Clarium Capital. In 2004, he launched a big data-analysis company called Palantir Technologies. The following year, he established the Founders Fund, which was a venture capital fund.

    In 2012, he sold his majority shares in Facebook for over $1 billion but retained his position on the board of directors. In 2010, he co-founded an internationally focused venture firm, Valar Ventures. In 2012, he co-founded Mithril Capital Management, where he serves as the investment committee chair. He served as a partner at Y Combinator from 2015 to 2017.

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    Peter Thiel- Success Story

    Apparently, Peter’s attention went towards the development of the internet and personal computer that had launched the dot-com boom. He raised $1 million to establish Thiel Capital Management and commenced his career as a venture capitalist.

    When Max Levchin introduced him to his cryptographic based company, Confinity, which was cordially launched in 1998. With the launch of Confinity, they realized that they could develop a software to assist in making online payments.

    They aimed at creating a type of digital wallet for the convenience and security reasons of the customer through data encryption on digital devices. Confinity executed the idea by launching PayPal in 1999. PayPal gradually evolved with new possibilities for handling money. Moreover, Peter is considered as the “Don of the PayPal Mafia”.

    Peter Thiel- Co-founder Former CEO of PayPal

    PayPal Logo

    Peter served as the CEO of PayPal from 1999 to 2002. Under his leadership, PayPal grew through mergers like Elon Musk‘s online financial services companies like, X.com, and Pixo. These mergers helped PayPal to expand its market via wireless phone and gradually transformed it into a safer and more user-friendly tool.

    Thus, PayPal enabled users to transfer money through a free online registration and email without the hassle of exchanging bank account information. The company went public on 15 February, 2002. Peter retained his CEO position at PayPal until the company was sold to eBay for $1.5 billion in October 2002. At the time of acquisition, Peter had a 3.7% stake in the company which was worth $55 million.

    Pierre Omidyar | Founder & Chairman of eBay | Founder of Omidyar Network |
    Pierre Omidyar is an American Entrepreneur and a software engineer who foundedthe e-commerce platform, eBay in 1995. He was the Chairman of the company from1998 to 2015. He soon became a billionaire as soon as eBay issued an InitialPublic Offering (IPO) in 1998. In 2010, he launched an investigat…
    StartupTalkyMegha Rani

    Peter Thiel- Founder of Thiel Foundation

    Peter, the creator of PayPal, established a private foundation called Thiel Foundation, through which he governs the grant-making bodies Breakout Labs and Thiel Fellowship. He funds non-profit research into artificial intelligence, seasteading and life extension. He basically carries out all his philanthropic activities through Thiel foundation.

    Peter Thiel- Honors & Awards

    • Peter received a TechCrunch Crunchie Award for Venture Capitalist of the Year in February 2013.
    • He received the Alumnus of the Year award from an organization called Students For Liberty in 2012.
    • He was awarded an honorary degree from Universidad Francisco Marroquin on 7 November, 2009.
    • He was honored as a Young Global leader by the World Economic Forum as one of the most distinguished leaders under the age of 40 (2007).
    • He won the Herman Lay Award for Entrepreneurship in 2006.

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    FAQs

    What is PayPal?

    It’s an easy and quick way to send and request money online. You can transfer money (abroad) to family, online shops, friends, and auction sites like eBay.

    Is PayPal safe?

    Yes, PayPal is safe.

    Yes, PayPal provides 100% protection against unauthorized payments sent from your account.