The company’s latest batch of client signings includes Hustler, TrafficCashGold, Braincash and DeluxePass with deals pending for Playboy and LoveDollars.
“I’m very pleased to announce these signings,” NetCash CEO Peter Shapiro told XBIZ. “All these clients came on board recently and the momentum behind our payment solution is building. The bigger the names that we sign lends credibility to our company and allows us to get our foot in the door for other opportunities.”
NetCash functions as a virtual gift card that enables consumers to make anonymous online purchases through a one-click process utilizing an anonymous and secure code.
Since its beta launch in November, NetCash has amassed a diverse group of merchants in both mainstream and adult. The most gratifying element to his company’s growth, Shapiro said, is the immediate uptick in sales NetCash clients are reporting.
“Our clients have been reporting a 10 percent rise in sales after integrating NetCash,” Shapiro said. “Our clients also are reporting no cannibalization of regular credit card sales. Word of mouth about our payment solution is strong.”
LFP Internet Group President Michael Klein supports Shapiro’s comments about the effectiveness of NetCash.
“NetCash began delivering results from the moment we integrated,” Klein said. “Implementation was a snap, and we are very pleased with how they are performing.”
