paybox.me

Bird’s Eye View

This document was last updated on October 26, 2010. It provides an overview of our current situation and how we expect the PayBox service to develop. It is not meant to be all-inclusive, but rather, is intended to help you understand how and when you may begin using your PayBox account balance.

Our Current Situation

PayBox is a rapidly growing online currency and payment processing service. We're on a quest to become the best payment processing service anywhere. We aim to achieve this with the help of our dedicated EarlyBird users.

Our service is still in development. So, for now, all of our transactions are in a “Closed Box” system. This means that all payments sent, and all payments received, stay within the PayBox system at this time. Currently, our users can send person-to-person payments (within PayBox).

Our Goal

Our primary goal is to “Open the Box”.

Question: What does that mean? What would it include?

Answer: Opening the box means providing everything you would find in a full-featured payment processor:

• Debit cards linked to PayBox accounts.
• Easily buy and sell using your PayBox account.
• Easily send and receive money using your PayBox account.
• Purchase from nearly any online merchant.
• Withdraw to nearly any bank account world-wide.
• Possibly withdraw to other online payment processors.
• In-exchange from any major world currency.
• Out-exchange to any major world currency.

What will it take to “open the box”? Read on to find out.

What We’ve Achieved

We started on September 1, 2010 with a brand-new website and an idea. As of this writing, less than two months later, we have reached our Stage 1 goal with over 100,000 EarlyBird users. The following image is a graph of our Feedburner subscribers — EarlyBird users who follow our blog.

Our Next Target

It’s now time to take our service to the next level. Our Stage 2 growth target is somewhere between 2 to 5 million users. Once there, we aim to “open the box”.

Question: Why wait? Why grow to several million first? Why not “open the box” now?

Answer: Although we have over 100,000 EarlyBird users, our user-base is still incredibly small when compared to other payment services. Once we achieve the next stage of growth (2 - 5 million), it will open the door to be accepted into large payment networks and integrated as a payment option by major merchants. In short, it will help us to “open the box”.

We Need Your Help

PayBox is different. There has never been a payment service like PayBox. From the very beginning, we have relied on our users sharing PayBox with friends to fuel our growth.

Instead of spending millions of dollars on advertising, we are rewarding our EarlyBird users for helping us test our payment service as we build it, and only asking that you to share PayBox to help us grow.

To this point, we have had remarkable success with our grass-roots growth efforts. Now, we are relying on our members to keep spreading the word, helping us to take PayBox to the next level and “open the box”.

How Long Will It Take?

The truth is, we’re not sure when it will happen. Because we leave the sharing and growth of PayBox to our EarlyBird users, how long it takes to reach our next growth target and “open the box” is completely up to you, our users.

It’s really not that difficult to reach our Stage 2 growth target from this point. For example: If every EarlyBird user had one friend join per week, our size would double in the first week — and if we doubled every week, we would reach our Stage 2 growth target within 5 weeks.

Although we don’t expect our user-base to double in size every week, we believe we can realistically reach our Stage 2 growth target by early- to mid-2011.

Additional Fuel for Growth

Very shortly, we will be releasing a new program that we believe will help to fuel the growth of PayBox by adding a new level of rewards for some of our more ambitious EarlyBird users. In addition, they will have the opportunity to become experts in some very valuable skills along the way. We’ll have more details about this new program soon.

This document is to be used as a general guideline only. Any dates mentioned are only estimates, and may be moved closer or delayed if necessary to accomodate unforseen circumstances.

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paybox blog

It’s time again to bring our focus back to the “Big Picture”. The purpose of this blog post is to help new users get oriented and learn what PayBox is all about—and also to help our existing users stay up-to-date and focused on our goals as we continue to develop the PayBox service.

The Big Picture

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.

What has been developed?

Person-to-Person transactions are working. Any user can transfer funds from their PayBox account to another user’s account. Currently PayBox is a “closed box” system, that means all transactions are within our system only. Users cannot deposit or withdraw funds at this time.

What is being developed?

We currently have several exciting projects in development. Thursday and Friday are the days scheduled for posting updates and announcements about current projects. So, you’ll learn more about our current projects in a few days.

What is planned?

In time, we plan to “Open the Box”, inviting merchants to accept PayBox. This will allow our users to pay any merchant who has registered to accept PayBox payments. We also plan to offer debit cards linked to user accounts.

What needs to happen?

In order to form the essential working relationships with large merchants and payment networks, we need a bigger user base. What does that mean? More users! We must grow our user base to 2-5 million users (our Stage 2 growth goal) before we can really begin work to “Open the Box”.

When will it happen?

We currently have about 272,000 active users. At our current growth rate, we expect to begin work to “Open the Box” in April of 2011. That’s just an estimate, it could be sooner or later if our growth rate changes.

What can you do to help?

Just follow the instructions on the first page when you log in. Also, please invite friends to use PayBox. Tuesday and Wednesday’s blog posts will include more specific instructions on how you can help. To everyone who has been contributing to our growth and giving feedback in our surveys, we want to say—Thanks! Keep up the good work!

not yet a member of paybox? join here.

paybox update

Digital Delivery Project

The next project we have scheduled to go live after the Growth Project (mentioned yesterday) is the Digital Delivery Project. This project will allow merchants who sell digitally delivered goods to begin accepting PayBox payments.

What does this mean for you, our EarlyBird users?

Once our Digital Delivery Project goes live, it will open our developing payment service to merchants who sell digital goods. This will allow you to begin spending your PayBox balance on digital goods offered by these merchants.

The digital goods offered could include things such as:

• Computer software
• Digital images
• Electronic books
• Information products
• MP3s (including music and audio books)
• Tutorials
• Videos
• Wallpapers
• Web hosting
• Website memberships
• and anything else that can be delivered online

Why start with digital delivery?

We are not yet ready to handle the sale of physical products and services. However, by starting out with digitally delivered goods, we can begin to “Open the Box” sooner than originally planned.

This project will allow us to accept a select group of merchants while our service is still under development. We will avoid the potential problems associated with shipping and receiving physical goods while expanding and testing our growing service. It’s a win-win-win situation for PayBox, our EarlyBird users, and the digital goods merchants.

How long until it’s ready?

We plan to have this project ready after the Growth Project goes live. The Digital Delivery Project does not have a target “go live” date yet.  I’ll post updates and new details on this project as more information becomes available.

Thanks for helping us take PayBox to the next level—keep up the good work!

not yet a member of paybox? click here to join.

paybox blog update

This update is to let everyone know that things are going well. We’re using the survey results to improve the service and activity levels are staying fairly high. We estimate that at the current rate, we will begin working to “Open the Box” in early April.

Yes, that is a bit later than initial estimates, but that is because EarlyBird user activity has slowed a bit since mid-November. That’s fine. Our next project is still in the works, and we expect it to give a real boost to our growth.

Our upcoming “growth project” is designed to put more power in the hands of you — our EarlyBird users. As mentioned before, it will feature direct cash payments, outside your PayBox balance. Participation in the upcoming growth project is optional, but it is a good fit for anyone who wants to begin receiving direct cash payments, is excited to share PayBox and would like to learn more about making money online.

I will keep you updated on this project as it develops over the coming weeks. In addition, I’ll continue to post updates on our overall progress toward our next goal — our Stage 2 growth goals which will allow us to being working to “Open the Box”.

Thanks for submitting the surveys and completing other daily tasks. We appreciate your participation as we continue working to take PayBox to the next level.

still not yet a member of paybox? join now.

paybox is in need of Web Developers

Job Listings

JOB SUMMARY

Location

Telecommute (your location)

Salary

USD $60,000 to $120,000/yr

Category

IT

Education

High School or equivalent

Experience

2 to 10 years

Position Type

Full-Time

Date Posted

September 22, 2010

Web Developers and more... (Opened: Sep 22, 2010)

WHAT WE NEED:

We're looking for Web Developers, Database Administrators, Systems Administrators and more. PayBox is growing quickly and we are moving into rapid development mode. Although this job listing is most specifically directed to web developers, please send in your resume if you are a database administrator, systems administrator or a technical architect experienced in designing large-scale web applications, storage systems, or computing/network systems.

We need team players who preferably have experience in fast-paced start-up environments. For the web developer, the skills we're looking for are listed below. If you think you're qualified, please apply.

SKILLS & QUALIFICATIONS WE'RE INTERESTED IN:

• Must be a team player.
• Must be fluent in English.
• Must demonstrate good communication skills.
• Must be self-motivated and able to work independently.
• Nginx configuration and tuning (especially in a multi-server, load balanced setting).
• 3+ years experience in Object Oriented programming in PHP 5+ and/or Python.
• 3+ years experience with MySQL 5+
• Experience with Amazon Web Services (S3, EC2, RDS, SimpleDB, etc.)
• Must be familiar with source control and unit testing.
• Zend Framework and MVC design pattern a plus.
• Expertise with load balancinig and caching technologies.
• Proven experience with troubleshooting and solving complex problems.
• Must be highly motivated, creative and thorough.

JOB DESCRIPTION:

You will be working on what we believe is the next generation in payment systems and technologies. You'll be designing and developing a high-traffic web application. Generating technical documentation and application flow charts. Keeping on top of the latest technologies and applying them.

ABOUT PAYBOX.ME:

PayBox is a new payment service that is being built from the ground up in a grass-roots way. Our goal is to make buying and selling online easier, more secure and available to everyone.

Interested applicants, visit paybox....

my debit card design

out of ten designs i made for paybox.me only three were left. meaning, my seven designs did not attain the highest votes. as i observed, my three remaining debit card designs garnered very low votes. i don't think i can attain the so called the highest voted design.

here are the three remaining designs:

to view my debit card designs, click here.

PayBox

PayBox  is offering something new and good for their members. 
they are conducting debit card designs contest. 


PayBox is giving away a $1,000 cash prize for the top voted design. they are also giving away multiple $100 prizes just for participating in the voting. you have to vote also to increase the chances of winning in the contest.


my debit card designs.