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For Sale Online Payment Software, Services In Montgomery County, Maryland

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Contact: Norman Understein at 301-650-0674 - Log In To Message/Email This Contact
Last Revised: 11/14/19. Posting #: 10249173
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Premium  Premium+  Asset Sale  Home Based  Relocatable  
Key Words: internet, software, online payment, payment software, online, financial service, financial services, finance, asset, home based, relocatable, montgomery
Financial Info: Asset Sale. This company transferred hundreds of millions of dollars over its lifetime through the e-deposit system. The software development costs of eDeposit were over $1 million. Five unique patents, four trademarks and 27 domain names are also offered in the auction for a minimum bid of $10,000.
Profile: ***Asset Sale***

This is a board-ordered liquidation of the assets of eDeposit Corporation, a recently closed full-service online financial services company that provided innovative and secure online deposit, settlement, payment and other financial services for a variety of consumers, merchants and businesses. It has provided services for the following industries: Federal government, property management, auction, fuel, alcoholic distribution, restaurant and more.

The sale is for patents, payment software (including mobile payments software), domain names and more, as the assets of eDeposit Corporation, a payments company in business for almost 20 years, is liquidated.

The auction is currently in preview, and online bidding will begin on December 2nd at 9AM ET (6AM PT) and close December 4th at 3PM ET (12PM PT). You can view the auction preview, auction specifics, due diligence documents, and item details by contacting Norman Understein via email or phone.

Also included are:
Case Studies
PowerPoint description of the software
Patent Descriptions
List of Trademarks
List of Domain Names
Other information

* The unique "hold" and "release" feature of the patents creates a non-reversible escrow type payment transaction without the middleman. *

Formed in 1999, eDeposit was originally founded to facilitate auction services, whereby the proprietary web and mobile software placed a hold on the high bidder’s deposit, and immediately released the hold for non-high bidders. This would allow bidders to use the deposit for other auctions.

The real-time and non-reversible features, as well as the transparency to all parties of the transaction, make it ideal for many other industries including: direct store distribution; gaming; property management; real estate settlements; vacation rental deposits and payments; student, camp & country club deposits and payments; the cannabis industry, and more!

The software development costs of eDeposit were over $1 million. Five unique patents, four trademarks and 27 domain names are also being offered in the auction for a minimum bid of just $10,000.

The company CEO stated that banks handling cannabis payments have expressed an interest in the software as a solution to resolving the all-cash transactions between cultivators, dispensaries, and consumers. He stated that the software is also uniquely suited to real estate settlements, where most settlements include an average of 10 to 12 transfers that are currently handled by mail and wire transfers, since ACH cannot be used in real estate settlement transaction, and the eDeposit function can provide the services at a fraction of the costs, in real time, and with full transparency.

At the time eDeposit ceased operations, it was handling the transfer of funds between distributors and retailers, including the restaurant industry, liquor wholesalers, oil and gas companies, auction companies, and property management companies.

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
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Contact: Shalonda Chappel at 951-808-3972, 951-808-3972 (Cell)   Log In To Message/Email This Contributor
Profile: Escrow services to brokers & agents, owner/sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services.
Key Words: shalonda chappel-pilgram, town country escrow, escrow, bulk sale, bulk sales, escrows, liquor license transfers, lien search, lien searches, los angeles, orange, riverside, san bernardino, san diego, imperial
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: BizBenNetwork Manager Jordan Green provides business buyers with tips for ensuring a smooth transition into business ownership and details ways to successfully approach topics such as training, employees, vendors, and contracts in order to keep business running smoothly after assuming ownership.
Key Words: purchase agreement, training period, training, transition, employees, buying a business, business purchase, purchasing a business, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: Business sellers and brokers & intermediaries utilize disclaimers on postings to help protect themselves from potential liability during and after the sale of a business. Our Facilitators are asked frequently, "What is a good example of disclaimer text to utilize in a Posting?" We share examples.
Key Words: disclaimer, disclaimers
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