Freelancer.com Acquires Payment Service Provider Escrow.com For $7.5M

[Sam]

Freelancer will acquire Escrow.com for US$7.5 million, the ASX-listed skills marketplace said today.


http://techcrunch.com/2015/04/26/freelancer-acquires-escrow/

 

[orchardapple]

interesting but I always feel payment providers should be independant of these 'freelance' type of sites, plus also escrow is used for other purposes than just freelance payments

 

[mojoco]

First impressions without knowing the detail, $7.5m sounds very cheap.

 

[cc976a]

first impressions without knowing the detail, $7.5m sounds very cheap.

+1

 

[ian]

That price can't be right, surely?

 

[spiderspider]

"Escrow.com claims that in fiscal year 2014 its gross payment volume was $265 million"

That seems a bit low as well. Maybe they are just one of those companies that people know of, but never use.

If fees charged were 3% (I know they can be lower), then that's income of £7,950,000 for 2014. The gross / net profit must be terrible to sell for less than 1 years income.

 

[developers]

First impressions without knowing the detail, $7.5m sounds very cheap.

Yeah a little too much..