Erply, the POS payments startup, has quietly racketed up its pricing for retail chains.
Erply was charging a base free of $200 per month per retail chain, and $200 per additional retail store. But Erply has raised that base fee to $500 per month in recent weeks.
Erply has also extended telephone customer service to its “small” store clients, where previously it offered none. Those clients pay a base of $100 per month and $70 per month per store.
Based in Estonia, Erply offers a POS produce, which allows for online and offline retail payments. The POS software also works from an iPad. The company claims more than 20,000 users globally.
Just this week Erply introduced a new version of its system. Among the upgrades was a retooled dashboard.
Erply has received slightly more than $2 million of venture funding today, according to CrunchBase.
We will have an entire session dedicated to the interconnection between banking and commerce during our upcoming Bank Innovation 2012 event. See www.bankinnovation.info for details.
Very interesting. Thanks.
Assuring all the parties that their are no errors, no disappearing funds, no diverting of funds via rounding, truncation, or currency conversion, etc.
Who bears the consequences (and what are the consequences -civil, criminal) and who would enforce them.
For example, think of the back office issues associated with MF Global? And that was under the watchful eye of our US systems.
Perhaps I am paranoid. The last transaction in which I was involved with someone from Estonia indicated to me that the culture is “more flexible” with regard to consequences for “poor decision making”. I realize it is not fair to generalize from isolated incidents. . I was just asking the question.