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Internet merchant Value America vusa exploded at its initial public offering, gaining some 164% from its $23 launch price in midday trading.
As such, Mr. Clements said, his service provides a glimpse into how the Internet Merchant Fraud Roundtable database could work.
Online retailers broke even last year, according to new data from Shop.org, the Internet merchant trade association.
C2 Profits for Online Retailers Online retailers broke even last year, according to new data from Shop-.org, the Internet merchant trade association.
Federal law enforcement agents on Monday arrested a Brooklyn Internet merchant who mistreated customers because he thought their online complaints raised the profile of his business in Google searches.
A group of the Web's biggest e-commerce companies, tentatively called the Internet Merchant Fraud Roundtable, has formed over the last year, with the goal of creating a database that merchants could use to block potentially fraudulent transactions and help snare people who commit credit card fraud.
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The Internet, merchants are discovering, is a tremendous word-of-mouth amplifier.
But free shipping has probably sunk more Internet merchants than it has saved.
The report cited unhappiness with service as a main reason shoppers stopped using Internet merchants.
Previous efforts to rein in Internet merchants have yielded only modest results.
Internet merchants have never done a great job with shipping and handling costs.
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