Posted December 13, 2018 13:02:00 The company that sells software that allows companies to make payments on their customers’ credit cards may be a new source of revenue for some companies.
The online marketplace, called xpo, has grown rapidly in the last year.
“We’re seeing a lot of interest from companies like Amazon and eBay, and also a lot more interest from smaller companies,” said Alex Zemmer, founder and CEO of xpo.
According to Zemner, a total of around 1,000 companies have now signed up for an app called XPO Payment Platform.
XPO is a new way for companies to pay for services that they’re not able to get through other channels.
Companies are able to use xpo to offer services like insurance, credit cards, and tax prep.
In order to get paid, customers need to log into the platform and fill out some form.
Once they’re approved, the company can send the payment information to a third party.
It’s the third major payment platform in the space.
Zemmer said that a lot is riding on the success of the new platform.
“[It’s] one of the biggest challenges that we face with a lot in the finance industry, is finding a reliable, secure, and scalable payment platform,” he said.
He said the platform has been able to find some success with some of the major banks, including JPMorgan Chase.
Although the company has not been profitable yet, Zemver said that its success is “likely to grow in the coming years.”
Zebrowitz says he is optimistic that the new payment platform will be able to attract more businesses.
For example, he said that the platform is able to secure payments without any middleman.
There is no charge for using the platform, he added.
But for smaller businesses that do have a need for a secure payment solution, Zebrowits optimism is tempered.
While xpo’s platform is very secure, Zegrowitz said that it is not perfect.
Because of the payment processing process, there is a risk that an unauthorized party could obtain your personal information, and you could end up paying for something that you did not want to.
So if you are an existing customer, you could potentially lose out on that transaction, and even be liable for the price.
However, Zemser said that customers are still welcome to make payment through the platform.
He said that xpo will continue to build new and exciting products.