<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>GigaOM &#187; Ribbon</title>
	<atom:link href="http://gigaom.com/tag/ribbon/feed/" rel="self" type="application/rss+xml" />
	<link>http://gigaom.com</link>
	<description></description>
	<lastBuildDate>Sun, 19 May 2013 07:17:11 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='gigaom.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://0.gravatar.com/blavatar/0db8f6557d022075dbbf010c54d46d93?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>GigaOM &#187; Ribbon</title>
		<link>http://gigaom.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://gigaom.com/osd.xml" title="GigaOM" />
	<atom:link rel='hub' href='http://gigaom.com/?pushpress=hub'/>
		<item>
		<title>Ribbon announces in-stream Twitter payments so you can purchase while you tweet</title>
		<link>http://gigaom.com/2013/04/10/ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet/</link>
		<comments>http://gigaom.com/2013/04/10/ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet/#comments</comments>
		<pubDate>Wed, 10 Apr 2013 18:00:47 +0000</pubDate>
		<dc:creator>Eliza Kern</dc:creator>
				<category><![CDATA[credit card payments]]></category>
		<category><![CDATA[Hany Rashwan]]></category>
		<category><![CDATA[mobile payments]]></category>
		<category><![CDATA[mobile technology]]></category>
		<category><![CDATA[Ribbon]]></category>

		<guid isPermaLink="false">http://gigaom.com/?p=629543</guid>
		<description><![CDATA[See someone tweet about a product you'd like to buy? If Ribbon, the mobile payments company, has its way, purchasing that item will require just  few clicks, and you won't have to leave Twitter.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=629543&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><em>Update at 2:42 PM: Twitter has shut down the in-stream purchasing that Ribbon debuted Wednesday morning, and Ribbon CEO Hany Rashwan provided us with further explanation. <a href="http://gigaom.com/2013/04/10/twitter-shuts-down-in-stream-payments-from-ribbon-just-as-soon-as-the-company-launched-them/" target="_blank">Our new story can be found here</a>.</em></p>
<p>Ribbon is one of several payments startups drawing new attention that is focused on one thing: removing the irritating qualities that come with purchasing things online. <a href="http://gigaom.com/2012/11/20/shopping-everywhere-ribbon-turns-the-entire-web-into-a-store/" target="_blank">We&#8217;ve written about Ribbon before, namely how the company wants</a> to let people make purchases just by clicking a link. And on Wednesday, the company plans to announce an even simpler way to buy: through Twitter.</p>
<p><a href="http://gigaom.com/2013/04/10/ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet/screen-shot-2013-04-05-at-1-44-05-pm/" rel="attachment wp-att-629547"><img  alt="Ribbon screenshot tweets payments in-app cards" src="http://gigaom2.files.wordpress.com/2013/04/screen-shot-2013-04-05-at-1-44-05-pm.png?w=397&#038;h=540" width="397" height="540" class="alignleft  wp-image-629547" /></a>Users on Twitter who come across merchants selling items through Ribbon will be able to tap the tweet to expand and complete a purchase without ever leaving Twitter. Ribbon had previously optimized its links so that users could purchase items through both Twitter and Facebook, but <a href="http://gigaom.com/2013/04/02/looking-to-find-new-apps-twitter-adds-third-party-app-discovery-and-deep-links/" target="_blank">recent updates to Twitter&#8217;s Cards technology</a> will extend this capability even further.</p>
<p>The idea? &#8220;Let&#8217;s just keep the buyer where they already are,&#8221; <a href="http://www.linkedin.com/in/ihany" target="_blank">CEO and co-founder Hany Rashwan</a> told me. &#8220;It&#8217;s a one-page check-out.&#8221;</p>
<p>In a demonstration, Rashwan showed me how to tap a tweet with a Ribbon link embedded, enter my credit card information, and hit purchase, all without leaving the expanded tweet. He said they&#8217;re working on improving the service so that once users make a purchase on Ribbon through Twitter, they won&#8217;t have to enter their credit card information a second time.</p>
<p>&#8220;We&#8217;re utilizing a part of the new cards technology,&#8221; noting that the company has also been supporting in-stream purchases on Facebook for a few months, and that the company has &#8220;tens of thousands&#8221; of merchants selling, although he would not disclose specific numbers.</p>
<p><a href="http://gigaom.com/2012/11/20/shopping-everywhere-ribbon-turns-the-entire-web-into-a-store/" target="_blank">As we wrote previously, Angelpad alum Ribbon has built its own payment system</a> that lets it avoid fees and sets it apart from competitors, many of which use companies like PayPal or Stripe for credit card processing. The company is also updating its fees for merchants selling through Ribbon &#8212; it will now charge 2.9 percent plus $0.30 per transaction, rather than the previous 5 percent plus $0.30 per transaction.</p>
<p>As we watch apps like Ribbon start to incorporate payments into Twitter&#8217;s stream, it&#8217;s easy to see why <a href="http://gigaom.com/2013/04/02/looking-to-find-new-apps-twitter-adds-third-party-app-discovery-and-deep-links/" target="_blank">Twitter would want to expand the different types of Cards technology it offers</a>, and how the company might start to allow transactions like Ribbon payments to happen on the site &#8212; potentially benefiting both Twitter and the payments companies.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=629543&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=328944"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=328944" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=629543+ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet&utm_content=elizakern">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2011/09/the-future-of-mobile-a-segment-analysis-by-gigaom-pro/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=629543+ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet&utm_content=elizakern">The future of mobile: a segment analysis by GigaOM Pro</a></li><li><a href="http://pro.gigaom.com/2012/12/connected-consumer-2013-how-2012-laid-the-groundwork-for-change/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=629543+ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet&utm_content=elizakern">How consumer media will change in 2013</a></li><li><a href="http://pro.gigaom.com/2012/04/newnet-q1-advertising-commerce-and-discovery-dominate/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=629543+ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet&utm_content=elizakern">Social media in Q1: commerce and discovery dominated</a></li></ul>]]></content:encoded>
			<wfw:commentRss>http://gigaom.com/2013/04/10/ribbon-announces-in-stream-twitter-payments-so-you-can-purchase-while-you-tweet/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:thumbnail url="http://gigaom2.files.wordpress.com/2012/10/shutterstock_112331732.jpg?w=150" />
		<media:content url="http://gigaom2.files.wordpress.com/2012/10/shutterstock_112331732.jpg?w=150" medium="image">
			<media:title type="html">No money Spare Change Empty pockets</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/bd7905cba2440e49d86bd328573730f7?s=96&#38;d=retro&#38;r=PG" medium="image">
			<media:title type="html">elizakern</media:title>
		</media:content>

		<media:content url="http://gigaom2.files.wordpress.com/2013/04/screen-shot-2013-04-05-at-1-44-05-pm.png?w=708" medium="image">
			<media:title type="html">Ribbon screenshot tweets payments in-app cards</media:title>
		</media:content>
	</item>
		<item>
		<title>Shopping everywhere: Ribbon turns the entire web into a store</title>
		<link>http://gigaom.com/2012/11/20/shopping-everywhere-ribbon-turns-the-entire-web-into-a-store/</link>
		<comments>http://gigaom.com/2012/11/20/shopping-everywhere-ribbon-turns-the-entire-web-into-a-store/#comments</comments>
		<pubDate>Tue, 20 Nov 2012 18:00:13 +0000</pubDate>
		<dc:creator>Ryan Kim</dc:creator>
				<category><![CDATA[online payments]]></category>
		<category><![CDATA[Ribbon]]></category>

		<guid isPermaLink="false">http://gigaom.com/?p=586596</guid>
		<description><![CDATA[Ribbon, an AngelPad graduate, is coming out of stealth with a commerce tool that lets people sell anything through a link. While it sounds like Gumroad and others, Ribbon is hoping to stand out through its ability to give a different experience on popular social platforms.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=586596&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>One of the most interesting developments recently in online commerce is how easy it&#8217;s become for anyone to sell anything online with a link, Tweet or Instagram picture. Companies like Gumroad, Chirpify and Soldside have helped make it simple for sellers to cut and paste and do business directly through familiar channels where customers are already hanging out.</p>
<p><a href="https://www.ribbon.co/">Ribbon</a>, a new stealth startup with seed funding from Draper Associates, is now trying to get into the act with a commerce tool that it believes is even more flexible for sellers. <a href="http://gigaom.com/2012/05/07/gumroad-raises-7m-to-make-selling-online-dead-simple/">Like Gumroad</a>, it allows people to create a link that allows customers to buy a product, either digital or physical. And <a href="http://gigaom.com/2012/02/15/chirpify-turns-twitter-into-a-payment-and-commerce-platform/">like Chirpify</a>, which works on Twitter and Instagram, or <a href="https://www.soldsie.com/">Soldsie</a>, which enables sales through Facebook, Ribbon is also designed to work well within existing social channels.</p>
<p><img  title="Ribbon" alt="Ribbon" src="http://gigaom2.files.wordpress.com/2012/11/ribbon.jpg?w=300&#038;h=250" height="250" width="300" class="alignleft size-medium wp-image-586618" /></p>
<p>Using one URL, Ribbon can customize the experience for each platform. So if a person clicks on a link in Facebook, they can get taken to a Facebook app, where they can enter in their payment info and check-out. In Twitter, which doesn&#8217;t have its own app platform, a user will get taken to a special page made for Twitter users. Tumblr and WordPress users can also include their own Ribbon button that pulls up a window inside their site through which visitors can buy from. The service also works with YouTube and Pinterest, so a seller can show a video or a picture of a product or performance and then ask a viewer to purchase afterward.</p>
<p>Ribbon founder Hany Rashwan told me the service has built its own payment infrastructure to handle all credit cards, which allows it to save on interchange fees and pay out to sellers through the mail, wire transfers, ACH transfers and also PayPal. He said that separates it from other competitors like Chirpify, which works through PayPal or Gumroad, which was built using Stripe&#8217;s APIs.</p>
<p>He believes that Ribbon is also a more powerful tool for selling on a number of platforms since it can provide a different experience for users based on where they click on a link. And with one account, users can buy from multiple platforms without having to enable Ribbon each time.</p>
<p><a href="http://gigaom2.files.wordpress.com/2012/11/ribbon2.jpg"><img  title="Ribbon" alt="Ribbon" src="http://gigaom2.files.wordpress.com/2012/11/ribbon2.jpg?w=300&#038;h=225" height="225" width="300" class="alignright size-medium wp-image-586621" /></a>&#8220;The idea is, selling happens wherever the buyer is. I don’t want the buyer to have to leave the experience they’re on because that hurts conversions, &#8221; Rashwan said.</p>
<p>Rashwan started coding when he was 11 years old and made more than $200,000 as a teenager running advertising-supported fan sites for popular games. He attended Ohio State before dropping out to pursue his startup dreams. The idea for Ribbon came after he and a friend complained about the check-out process for many online transactions, which can often take people out of their original website. What began as a way to simplify the checkout process become Ribbon.</p>
<p>The service, which has been been in private alpha for the last month, charges 5 percent + 30 cents per transaction. That&#8217;s a little more expensive than Gumroad, which charges 5 percent + 25 cents per transaction.</p>
<p>I&#8217;m excited to see more selling tools emerge. We&#8217;re creating a new economy that allows anyone to become a merchant. Platforms like Etsy and Shopify have made it simple to become an online seller. But services like Ribbon, Gumroad and Chirpify are making it even easier for anyone to start doing business. This is also important as people spend more time on mobile devices. With simple tools like this, it makes it easy for someone to make quick impulse buys from a mobile device.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=586596&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=730088"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=730088" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=586596+shopping-everywhere-ribbon-turns-the-entire-web-into-a-store&utm_content=oryankim">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2012/02/the-real-issue-behind-facebooks-ipo-how-much-bigger-can-the-company-get/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=586596+shopping-everywhere-ribbon-turns-the-entire-web-into-a-store&utm_content=oryankim">Law of large numbers: the issue behind Facebook&#8217;s IPO</a></li><li><a href="http://pro.gigaom.com/2013/01/ces-2013-flash-analysis-disruptions-and-disappointments-from-consumer-techs-biggest-show/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=586596+shopping-everywhere-ribbon-turns-the-entire-web-into-a-store&utm_content=oryankim">GigaOM Research highs and lows from CES 2013</a></li><li><a href="http://pro.gigaom.com/2013/01/how-hr-can-make-the-case-for-workforce-analytics/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=586596+shopping-everywhere-ribbon-turns-the-entire-web-into-a-store&utm_content=oryankim">How HR can make the case for workforce analytics</a></li></ul>]]></content:encoded>
			<wfw:commentRss>http://gigaom.com/2012/11/20/shopping-everywhere-ribbon-turns-the-entire-web-into-a-store/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
		<media:thumbnail url="http://gigaom2.files.wordpress.com/2012/11/ribbon3-e1353430746996.jpg?w=150" />
		<media:content url="http://gigaom2.files.wordpress.com/2012/11/ribbon3-e1353430746996.jpg?w=150" medium="image">
			<media:title type="html">Ribbon</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/81c4fca1b2d82a7fb9c8657de52386d1?s=96&#38;d=retro&#38;r=PG" medium="image">
			<media:title type="html">oryankim</media:title>
		</media:content>

		<media:content url="http://gigaom2.files.wordpress.com/2012/11/ribbon.jpg?w=300" medium="image">
			<media:title type="html">Ribbon</media:title>
		</media:content>

		<media:content url="http://gigaom2.files.wordpress.com/2012/11/ribbon2.jpg?w=300" medium="image">
			<media:title type="html">Ribbon</media:title>
		</media:content>
	</item>
	</channel>
</rss>
