[2014-06-16] CD: $30 Billion Online Merchant Processor Digital River Adds BTC

[bryant.coleman]

http://www.coindesk.com/30-billion-processor-digital-river-bitcoin-payment-option/

Commerce-as-a-service solutions provider Digital River – a company that processed more than $30bn in online transactions in 2013, has announced that it has added bitcoin as a payment option for its online merchants. The offering is now available to merchants using the Minnesota-based company’s SWREG solution for small and mid-sized businesses.

[LiteCoinGuy]

great one  


30 billion...man 

[LiteCoinGuy]

http://blogs.wsj.com/moneybeat/2014/06/16/e-commerce-payment-processor-digital-river-to-accept-bitcoin/

[bryant.coleman]

Here are the details:

http://www.google.com/finance?q=NASDAQ%3ADRIV&ei=FDSfU5jNN43ckgXblYDQCQ

Market Cap: $ 506 million.

Revenue for Y 2013: $ 389.68 million

Net Income: -$ 24.65 million

[howardb]

Here are the details:

http://www.google.com/finance?q=NASDAQ%3ADRIV&ei=FDSfU5jNN43ckgXblYDQCQ

Market Cap: $ 506 million.

Revenue for Y 2013: $ 389.68 million

Net Income: -$ 24.65 million

Yikes, only $24 million net income on $30 billion of sales!! They must offer wafer thin fees for their service.

[bryant.coleman]

Yikes, only $24 million net income on $30 billion of sales!! They must offer wafer thin fees for their service.

Actually it is a net loss of $ 24 million. That's why I put the negative sign (-). Not surprising, though. Smaller players are finding it increasingly difficult to compete with the market giants. The bigger companies are squeezing the smaller ones out.

[howardb]

More likely that value transfer is going on to evade tax.