Corporate Profile

Payment Online Inc., founded in 1997, has its headquarters based in Washington, USA. The company provides affordable and secure credit card processing software and services for small, medium, and large organiztions, as well as the government/public sector.

Our technology is compact enough to meet the needs of small businesses without an IT professional or department, yet scalable enough to allow future growth to as far as, a large scale ecommerce enterprise with an IT department and a professional team of developers building a comprehensive enterprise-level business management system. However, at each step of our clients' growth, they only spend for the IT they need and use, and not more.

Completely integrated and easy-to-use and manage software and solutions, as well as in-house developed, managed, and supported services, have jointly made the Payment Online value proposition, simply unbeatable.

Payment Online has developed and owns its in-house fast SSL payment gateway, the real-time credit card processing engine with automated or manual capture settlement, membership & subscription engine, automated recurring billing and management platform, digital delivery (instant download) engine, username/password authentication system, customer and orders database systems, API shopping platforms, online management systems for merchants, as well as issuing of Digital Certificates for secure connection.

The company's products and services are supported, managed, and maintained by the professionals that designed, developed and built the entire infrasturcture, engines, platforms, and the operation.

Payment Online's success has been due to the quality of our great individuals, who are devoted and resourceful with highest levels of technical competence and years of experience in e-commerce and secure real-time credit card processing systems.

Our people are entrepreneurs at heart who understand starting and managing an e-commerce business, online advertising/marketing/promotions, and customer support. Our experience comes from helping our customers (small and large) to succeed online.

The company's Executive Managers are seasoned IT and Services Professionals with years of experience delivering the services that our clients want and need.

Our IT Infrastructure is built and managed by a team of highly qualified professionals with extensive experience in mission-critical applications, such as secure real-time credit card processing with virtual-tunnel secure payment gateways. These individuals constantly monitor, upgrade, and manage all the server farms and perform regular audits to keep the operation running at the highest levels of reliability.

The Market

With growing usage of the Internet tools, such as email, customer conveniences are becoming just as important as the lower-cost of operation offered by ecommerce functionality. Therefore, not only do customers want to place an order for what they want at all hours of the day and night, they are wanting conveniences of Interent communications to help them improve their productiveness in the day to day balance between work and personal life.

Mergers and Acquisitions

In August 2000, Payment Online acquired a leading payment processing house (and one of the first companies offering real-time credit card processing on the Internet), Valley Internet Services of California.

Payment Online has considered many other opportunities in the past and will consider M&A that is synergistic with the goals and objectives of the company, and its market penetration, development and expansion as well as serving the financial gains and interests of our shareholders.

Mergers and acquisitions offer a unique blend of reduced development cost for newer products and complimentory offerings, as well as acquiring experienced professionals that can become accustomed to the new structure quite rapidly, if the reasons and planning of the merger is clearly understood and the objectives are uniformly agreed throughout the entire company.

For companies that are interested in discussing Mergers and Acquisitions, please contact our offices in Washington and ask for the Director of Mergers and Acquisitions, or E-mail the Investor Relations Department.

Funding History

The stock price was $2.00 per share (prior to stock split).


Initial Public Stock Offering
Payment Online's initial public stock offering took place in 1999, and filing was completed with the Securities and Exchange Commission the same year, as well as the Securities Commissions of Washington, California, Oregan, and Colorado.

The stock price was $5.00 per share (prior to stock split). A stock split (10 for 1) was approved at the Annual shareholders meeting, August 2000.


Investing in Payment Online
Both individual investors and institutional investors, who wish to invest in Payment Online, can contact our Investor Relations department by E-mailing the Investor Relations Manager for additional information.

Annual Shareholders Meeting

Payment Online Corporation held its most recent Shareholders meeting on August 26th, 2003 in Seattle, Washington. As always, we are delighted to see our shareholders and the people we work so hard for.

We expect that the 2004 sharesholders meeting will be held again in the last week of August, and we would be delighted to see all of you there.

Please make sure that our Investor Relations department has your current address to send you the Notice of Annual Shareholders meeting. You can send your change of address by E-mail to the Investor Relations Department.

Investor Relations Mailing Address