SOURCE: Zipmark


June 29, 2015 10:00 ET

Winestyr, the Direct-to-Consumer Wine Sales Platform, Selects Zipmark as Their Payment Partner

Zipmark Enabled Businesses Benefit From Simple and Fast Implementation, and Fully Integrated Payments

NEW YORK, NY--(Marketwired - Jun 29, 2015) - Zipmark®, the online payment solution that enables businesses to easily make or accept secure digital check payments, announced today it was selected by Winestyr, a direct-to-consumer wine sales platform, to be their new payment partner. Zipmark will provide an integrated payment solution, effectively improving cash flow, simplifying operations, and enhancing customer experience.

Since its founding in 2010, the Chicago based startup Winestyr has curated a "craft wine" marketplace that provides consumers with direct access to over 300 independent, small batch, artisanal wines from over 50 wine producers across the country; wines that consumers are unlikely to find in restaurants, bottle shops, and other retail locations.

Zipmark improves accounts receivable and payable for businesses. Many firms opt for paper checks as a result of exorbitant transaction fees associated with other types of payment options such as card processing and ACH. Through Zipmark's API, businesses can easily integrate and implement a fast and secure payment experience for their customers, and send and receive funds faster than traditional bank-offered ACH.

"At Zipmark we are changing the way marketplace companies manage their operations and disburse payments," said Jay Bhattacharya, CEO and co-founder of Zipmark. "We are confident that as more businesses experience our seamless, fast, and secure products, we will have the opportunity to expand our reach and continue to improve the payments industry."

Winestyr was previously a customer of Balanced Payments, a digital payments platform that announced it was shutting down earlier this year.

"We were excited to find that Zipmark offered a solution that satisfied our payment processing requirements," said John Wilson, Co-Founder and COO of Winestyr. "Through their API we were able to integrate with their service right away and implement a seamless, hassle-free payment solution."

"We admire and support Winestyr's efforts to facilitate direct-to-consumer wine sales by opening up small batch wineries to new markets and changing the way consumers shop for wines," said Bhattacharya. "At Zipmark we understand the importance of creating an infrastructure of trust in order for marketplace businesses to work with their partners. Reliable payments is a critical component of that infrastructure and we are excited to work with Winestyr and help facilitate their payment needs."

Zipmark recently acquired WorkingPoint, positioning the company as an all-in-one payment platform that streamlines the entire financial process for small- and mid-size businesses.

Disclaimer: Zipmark® is a registered trademark of Zipmark, Inc. All other copyrights and trademarks within the release are property of the respective brands.

About Zipmark
Zipmark is an online payment solution enabling businesses to easily make or accept secure digital check payments. Zipmark is dedicated to reducing the amount of time and money it takes businesses to collect and deposit their payments. Through Zipmark, businesses can easily integrate with the platform and benefit from a lower cost alternative to credit and debit cards. The company was launched in 2010 by Jay Bhattacharya and Jake Howerton, and is based in New York City. Zipmark's investors include Village Ventures, Contour Venture Partners, NYC Seed, High Peaks Venture Capital, Scout Ventures, Shai Stern, Don Layden and the New York City Investment Fund.

About Winestyr
Winestyr is a curated collection of the best small-production wines you won't find on store shelves. Winestyr aims to make discovering new wines and unique wineries fun and easy by providing exclusive access to creative wineries and carefully crafted wines, and delivering them straight to your door. Winestyr was founded in 2010 and is based in Chicago, IL.

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