PayBox is developing an online currency and payment processing service to make buying and selling online easier, more secure and available to everyone.
We're designing our service with the help of a dedicated group of EarlyBird users who are contributing ideas and feedback.
Stages of development planned to launch in 2011:
- Person-to-Person transactions.
- Small Business integration, including payment processing modules for all popular shopping cart software.
- Mid-sized Business integration.
- Major Online Store integration.
- Debit Card linked to your PayBox account.
- Currency exchange with all major world currencies.
What is your Job?
- As an EarlyBird user of PayBox, it's your job to...
- Log in frequently to see where we need your help.
- Participate. Share your opinion and complete tasks which can be done from the comfort of your home or office computer.
- Subscribe to our blog. Our blog is the primary channel we use to communicate news, updates and information to our EarlyBird members.
- Be an advocate. You may invite your trusted friends and family to join PayBox.
- We'll add new tasks as we continue to grow. With each new task, you can always choose to participate (and get rewarded) or not.
Why you should join today?
- Joining is easy, it is the maintenance that matters.
- You start with a $50 balance and it's free.
- PayBox will add up to $20 per day to your account for participating as we prepare to launch our new service.
- You get $5 per person you refer to PayBox.
- You'll be an EarlyBird user—before PayBox opens to the public.
- You'll help shape the development of the best payment system ever designed for the Internet.
- You could have hundreds or thousands of dollars in your account by the time we launch, without ever making a deposit!
The Roadmap and Launch Schedule shown below outlines the stages and target dates we have set for launching the PayBox service. This list is an overview which is by no means all-inclusive, but rather, is intended to help you understand how and when you can begin using your PayBox account balance.
Stage 1
Target Timeframe: September 1, 2010 - October 16, 2010
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Research laws and regulations pertaining to our service in the countries where we plan to initially launch. Draft technical specifications for accounting rules and processes that must be built into our service platform. Begin collecting and aggregating user opinion surveys to help guide the development of our service.
Stage 2
Target Timeframe: October 17, 2010 - November 28, 2010
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Perform in-depth market analysis on a wide range of topics including our competition, our potential partners, clients, users, etc. Business model analysis. Business process and design analysis. Technical business analysis.
Stage 3
Target Timeframe: November 29, 2010 - January 24, 2011
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Design a solid business and technical framework. This stage will require hiring specialized high-level architects in many discrete fields of Information Technology including: database, network, systems, software and security.
Stage 4
Target Timeframe: January 25, 2011 - April 5, 2011
Begin hiring team members who are qualified for and will begin working immediately on the following tasks: Create prototypes and begin internal quality assurance testing. Upon successful completion of testing, prepare services for launch. This stage will require hiring many mid- and entry-level programmers, designers, analysts, specialists and testers.
Stage 5
Target Timeframe: April 6, 2011 - June 1, 2011
Launch person-to-person transactions. This will allow PayBox users to make payments to—and receive payments from—other PayBox users.
Stage 6
Target Timeframe: June 2, 2011 - July 28, 2011
Launch small business level services. This will include the design, testing and public launch of PayBox gateway integration modules for all popular shopping cart software on the market. This will allow PayBox users to purchase from any small online store where the integration module has been installed.
Stage 7
Target Timeframe: July 29, 2011 - September 2, 2011
Launch mid-sized merchant payment processing integration initiative. This will allow PayBox users to purchase from integrated mid-sized merchants.
Stage 8
Target Timeframe: September 3, 2011 - October 8, 2011
Launch payment processing integration initiative for major online stores. This will allow PayBox users to purchase from any major online store where PayBox payments are accepted.
Stage 9
Target Timeframe: October 9, 2011 - December 4, 2011
Launch debit cards linked to PayBox accounts. This will allow PayBox users to purchase from thousands of merchants both online and offline—anywhere the associated card network is accepted.
Target Timeframe: December 5, 2011 - January 9, 2012
Launch PayBox currency exchange, allowing for open exchange with all major world currencies. This will enable users to convert their PayBox account balance (or any portion thereof) to any major world currency for withdrawal, or convert back for deposit.