The next question is how would this business make money?
Small Businesses would come to the site and be able to view a list of Investors to submit their business ideas to. If the small businesses were interested in submitting business plans to the potential investors they would have to pay to do so.
To process this payment we will be using two different things. The first piece to the puzzle is our shopping cart software which will be setup either by using open source software, building it from custom or even using something cost effective like a yahoo store (for $99 per month they can provide you with a shopping cart system, hosting and other services).
The second piece to the puzzle is a merchant account. We plan to use Moneris to process transactions because we can not use American merchant accounts (being a Canadian business), because they are one of the most reputable merchant account companies in the world and also because they accept all payment methods (visa, mc, amex, diners etc). Furthemore, we can negotiate lower rates becuase we are alraedy customers that do a lot of volume with them on our other businesses.
We will be using Moneris in conjuction with PayPay and their fund transfer systems.
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