Billing Revolution just got another round of funding. Targeted at digital goods, its pricing model is hugely different than many of its competitors. Charging a flat 15 cents (add three more cents for sales tax support) it is very different from Apple’s 30 percent cut of the digital good sold. At last week’s IO conference, Google announced it has dropped its cut to 5 percent. At that level, it gets harder for anyone to compete but Goog has not always executed well on its payments platforms. Billing Revolution’s backers certainly agree.
Mobile payments startup Billing Revolution has raised $6.6 million in Series B funding, led by DCM and SK Telecom Ventures. This latest funding round will be used to hire marketing, business development and product staff.
Launched in 2008, the startup that offers a single-click billing and payment service for transactions on mobile phones, including Android and iPhone devices. Once consumers are ready to buy a digital or physical product from the Web from a vendor that employs Billing Revolution’s service for payment, they are taken to Billing Revolution’s purchase page where they input limited information (credit card number, expiration date, no registration, no login) from their phone.
Click here to read more: http://techcrunch.com/2011/05/16/mobile-payments-startup-billing-revolution-raises-6-6-million/