Vendevor is a company that allows a small business to start selling its products online almost instantly from its existing website, Facebook page, or blog. A firm that intends to sell online generally has had to hire a tech team to help shape the individual Web page to process sales and accept payments. Vendevor has tools that can allow the firm to almost instantly start selling online by accepting credit cards for payment; Vendevor transfers those sales almost instantly to the firm's bank account. An additional benefit that is particularly attractive is that it allows a firm to bypass third-party sources such as PayPal or other typical merchant accounts and payment gateways that have monthly fees and transaction fees that begin to add up. The attraction of these benefits that Vendevor has been experiencing exponential growth.
The three founders of the firm all came from Baylor University. Two of the founders were students and one was an instructor. The instructor and one of the students had a class together where the student had to develop a business plan. The initial business plan was to be a wedding-related business. The student in the class (Charlie) was already in a small business with a fellow student who was an amazing programmer.
The investigation of the wedding business and Charlie's other small ventures led to the recognition of a core need for businesses to sell their products on the Internet and to ensure they got payment without having to use sources such as PayPal, which did not look professional on their website The plan for the wedding business that originated in class was dropped