kruse international was an auction firm founded by russell kruse in auburn , indiana , in 1952 .

the company began as a local auction company selling real estate , farms and personal property run by kruse and his sons dean , dennis and daniel .

the company held its first collector car auction in auburn on labor day in 1971 ; the labor day auction became an annual event and grew to become the largest collector car auction in the world .

after the success of this auction , the kruses were asked by tom barrett to have a sale in scottsdale , arizona , the next january .

this was the first annual sales that continue today .

the kruses were the first to sell a car for a documented $ 1 million in cash — a 1934 duesenberg model sj la grande long wheelbase dual-cowl phaeton .

the duesenberg was sold to tom monaghan , founder of domino 's pizza and then owner of the detroit tigers .

the kruse family is also noted for conducting the $ 41 million sale of the famous william f. harrah automotive collection .

the sale of this 1,000-car collection was spread over three auction sessions in 1985 , 1986 and 1987 .

the company was sold to itt in 1981 , but the family bought it back in 1986 .

it was then sold to ebay for $ 275 million in 1999 but was purchased back by dean kruse in 2002 .

on may 25 , 2010 , the indiana auctioneer commission revoked the company 's auctioneer 's license amid charges that the company failed to pay clients who had sold items through the company .

on july 1 , 2010 , kruse sold its auction park , home to the annual auburn auto auction , to rm auctions of canada .

kruse international

kruse international .
international directory of company histories . . retrieved july 09 , 2018 from urltoken urltoken
kruse international .
international directory of company histories . . encyclopedia . com . ( july 9 , 2018 ) . urltoken
the kruse international car auction was clicking on all cylinders labor day weekend , in the first year at its mammoth new site south of auburn .
on july 1 , 1992 , mitch was met at the doors of kruse international’s corporate building by two members of the criminal investigation division of the irs .
kruse international prospered along with the nation’s economy in the 1990s . by the end of the decade , it looked appealing to one of the . com boom success stories . internet auction giant ebay bought kruse international , hoping to expand its business model into automobiles . dean kruse became the company’s chief auctioneer for live settings , while ebay tried to establish the company online .
“it was better than we expected , and we expected it to be great , ” said mike butler , who managed the 300 - acre site for kruse international .
the success of kruse international , both with classic cars and its real estate and oil field equipment sales , caught the attention of international telephone and telegraph corporation , which bought the company in 1975 . the auction house , now known as i . t . t . kruse international , continued to be run by the kruse family , with dean having succeeded his father as the driving force . the auburn sale became a three - day event in 1976 and continued to grow through the rest of the decade . with i . t . t .
a 70 - count complaint filed by the indiana attorney general’s office initially counted kruse international debts of about $ 1 . 5 million , but by early last week mr . kruse had reduced that amount to $ 300 , 000 . mr . kruse is required to submit quarterly reports to the commission documenting progress on debt payments .
auction giant ebay , making clear that online is the place it wants to be , will divest itself of collector car business kruse international , which was acquired several years ago to help with the launch of ebay motors .
by 2002 , ebay had grown frustrated in its efforts to master a new business , and dean kruse bought his company back for a fraction of the price ebay paid . for a third time , kruse international operated as a locally owned business . but the third time would not be charmed .
. , the premier online auction site , bought kruse international for stock worth $ 165 million . at the time kruse was generating nearly $ 130 million in annual sales . ebay had been formed just four years earlier when french immigrant software programmer pierre omidyar created an online auction service to help his fianc
the san jose , california , company said it would issue shares worth a total of $ 275 million for billpoint and kruse international , with the deals due to close by july . ebay declined to specify the purchase prices separately .
kruse international , the indiana auction company that has been a major player in collectible car sales for nearly 40 years , had its license revoked and was fined $ 70 , 000 by the indiana auctioneer commission last week . the commission also suspended the company’s owner and auctioneer , dean kruse , for two years .
the auction company’s annual labor day auction is a big event in the auburn , ind . , area . according to the associated press , mr . kruse said he hoped the sale would not have to be canceled . alternative plans reportedly include finding another company to stage the auction or selling kruse international and its property .
now using the name kruse international , the company bought land south of auburn along interstate 69 and built kruse auction park , a sprawling complex of large buildings to house its events . through 1988 , the company had conducted its local auctions on the grounds of dekalb high school . moving the auctions indoors eliminated rain and mud as a threat to their success .
s rm auctions , inc . , whose events were covered by the espn channels , kruse international remained a major force in vintage cars while enjoying greater diversity , involved in real estate sales , drilling and well service equipment , classic aircraft , collectible tractors , and paintings .
like a pioneer aviator , kruse soared high and crashed to earth , again and again .
kruse international , a 75 - employee company based in auburn , indiana , has a premium name in the collectible car market , swette said . it has about 400 , 000 registered collectors , helps locate parts for out - of - stock cars , and provides other information and services to car collectors .
he has auctioned for royalty , heads of state , numerous celebrities , and top classic car collectors in the world . kruse auctions currently airs on fox sports network through a tv series called bidding wars . he was the youngest licensed realtor in the nation and the first to sell a vehicle for a documented $ 1 million cash . for 17 years , mitch was owner , ceo , and auctioneer of kruse international , the world’s largest collector car sales organization .
about kruse international with more than sixty years in the real estate and auction business , kruse international has become a nationally and internationally recognized company in the sale of real estate by private treaty and by the auction process . kruse international has conducted auctions in forty - four states and eleven foreign countries giving it unprecedented experience in this method of marketing . kruse pioneered the multi - property real estate auction selling three hundred sixty - five properties in one auction . since that time , the company has sold hotels , motels , industrial complexes , sports facilities , warehouses , commercial businesses , shopping centers , office buildings , apartments , race tracks , exclusive residential estates , diamond mines and even three entire towns . these successes provide the experience that obtains results . kruse international is also known as the largest collector car auction company that sells more vintage cars than all other firms combined . together , the kruse family has broken more than 250 world record prices in the collector car industry . dean kruse , the current owner and president , cried his 5 , 000th auction in august of 1987 becoming the youngest individual to attain that goal . he has been building on that total since that time . the company conducted the world ' s first annual consignment collector car auction in auburn , indiana in 1971 . since that time the kruse fall auction , held each labor day weekend , has become the world ' s largest event of its kind and annually draws 5 , 000 collectible vehicles for sale and 200 , 000 attendees . this event is the fourth largest spectator event in indiana , surpassed only by the indianapolis 500 , the brickyard 400 , and the indiana state fair . the company prides itself on being associated with other professional auctioneers throughout the united states and on providing the highest level of customer service . this coupled with dedicated employees and support personnel create an atmosphere of expertise and unequaled selling success .
based in auburn , indiana , kruse international is a family owned and operated auction house , best known as a pioneer in vintage car auctions . although other vintage car auction companies have become better known with the general public through live television coverage of their events , kruse boasts that it sells more vintage cars than all of its rivals combined . all told , the company hosts more than 30 events around the country , selling some 13 , 000 cars each year . the company claims to have broken more than 250 world record prices in the field . kruse also offers appraisal services and collector car insurance , and hosts seminars on car collecting . moreover , kruse auctions off recreational vehicles and other kinds of property , including real estate , drilling and well service equipment , classic aircraft , collectible tractors , and paintings . kruse has even sold factories , zoos , railroads , islands , and three complete towns . the company is owned and headed by dean kruse , a member of the second generation of the founding family .
in his honor , the family announced that it would play a recording of him singing his signature song before each kruse auction .
for nearly 50 years — half of this newspaper’s history — no single person has dominated its headlines more than dean kruse of auburn .
a worldwide recession that struck in 2008 turned out to be a blow that floored kruse so hard , he finally could not get back up . the barrage of lawsuits that hit kruse made his late 1970s crisis seem like a joyride . back then , the court cases chiefly involved customers . this time , court cases filed by large banks revealed that kruse had mortgaged his company and even his museum for millions of dollars .
s offline business , but the auctions at auburn , scottsdale , and elsewhere continued to thrive as the vintage car market finally won back the value lost a decade earlier and enjoyed a new surge in interest . however , under ebay , kruse was not able to take advantage of this renewed enthusiasm , and in fact the company closed auctions in a number of cities , leaving them to the competition . by the fall of 2002 , ebay elected to focus on its internet business and sell kruse , which had seen its revenues cut in half since the 1999 acquisition . ebay kept its promise to offer the company back to dean kruse , and in early 2003 he bought kruse international for an undisclosed amount of money , although it was reported that he borrowed $ 22 million to complete the transaction . he also told the press that he was overjoyed to be back in charge .
later in 1972 kruse held its second auburn auction , which was relocated to dekalb high school . among the 150 cars put on the block was
kruse international began as a real estate auction company in auburn in 1952 , founded by russell wayne kruse and his father - in - law , lester boger . kruse was born on a dairy farm outside of auburn in 1922 , the son of german immigrants . he started out helping his father and then moved on to larger farms before taking on considerable debt to lease 400 acres of land in the area and raise his own herd of 63 holsteins . early in the 1950s , however , he was in need of a new livelihood to support his wife and seven children ( having married at the age of 18 ) after consecutive years in which the wabash river flooded his fields so severely that he claimed he could catch fish with a pitchfork in what should have been a cornfield . in his spare time , kruse served as a vocal soloist at weddings and funerals , prompting his father - in - law to suggest kruse consider becoming an auctioneer . boger was familiar with the business , having served as a clerk at auctions . thus encouraged , kruse completed a two - week course at the reppert school of auctioneering in decatur , indiana , perfected the unique staccato rhythms of the auctioneer
for mitch kruse , auctioneering was an art and a life . his father and grandfather were famous auctioneers specializing in collector cars and real estate . however , when mitch was a freshman in high school , his father hit financial problems . by the time he was a senior , mitch was faced with the decision to follow his success in basketball into college or attend indiana university and restore the family’s auction business . he decided on taking the latter route . as a senior in college , mitch formed kruse international which innovated the auction industry , producing 50 annual events that reached millions of automotive enthusiasts across the globe , offering 15 , 000 + collectible vehicles , before producing the first auction broadcast live via satellite .
kruse used some of his income from selling the company to establish the dean v . kruse foundation and build the spacious world war ii victory museum on the west side of i - 69 , across from the auction park . he purchased an extensive collection of world war ii military vehicles from a museum in belgium and shipped them to auburn .
on sept . 5 , 1989 , the evening star published a report on the first collector car auction at new kruse auction park south of auburn . excerpts from that story :
s success decided to hold his own auction . he brought in leo gephart , a phoenix used car dealer who dealt in both used and rare cars , and they invited the kruse family to participate . in late 1971 dean kruse flew into town and the three men agreed to hold a consignment auction at the safari hotel in scottsdale in hopes of attracting car collectors from around the world . barrett then brought in a scottsdale friend to help organize the event , russell jackson . barrett and jackson had worked together previously on a pair of successful car show fund - raising events . the scottsdale auction was a two - day event held in january 1972 . it was attended by 3 , 000 people and generated almost $ 600 , 000 in sales volume . its success established the auction as an annual event in scottsdale , with kruse remaining involved until the mid - 1970s , when barrett and jackson decided to go it alone , establishing the barrett - jackson classic car auction , and giving birth to a major rival to kruse international : the barrett - jackson auction company l . l . c .
ebay was reportedly forced to lay off more than half of butterfields ' staff during its ownership . kruse employees reportedly were notified of ebay ' s plans to sell the company on wednesday .
a tradition at a kruse auction , about 80 cars on consignment were put up for sale . the auction attracted an estimated 17 , 000 people , although the exact number was difficult to determine .
, a man who had assembled one of the best private car collections in the world . owning 80 cars , barrett decided the time had come to winnow down his collection , and inspired by kruse
an era came to an end in may 2007 when russell kruse passed away at the age of 85 following a stroke . until the very end the farm boy who turned auctioneer and conducted sales throughout
high - end fine arts auction house to london - based bonhams auctioneers . ebay used butterfields the same way it used kruse : as a way to get into an area where it had little expertise .
kruse indeed played the role of a pioneer in his field . in the early 1970s , he and his family virtually invented the business of auctioning collectible cars . before long , they found it to be a boom - and - bust proposition . after the first down cycle in the late 1970s , dean kruse carried on alone until his son , mitchell , joined him in the business a decade later .
but kruse did work out a happy ending for the community , finding an established auction company , rm auctions , to buy his auction park and maintain auburn as a center of the collector car world .
the company will remain in indiana , but the new bidding engine will be run out of ebay ' s san jose headquarters . ebay plans to continue the real - world car auctions that kruse now runs .
… auctioneers sold as many cars as the clock allowed in six days this year , running the saturday session until 2 o’clock in the morning . chief auctioneer dean kruse’s voice was like a blown engine by monday .
kruse sold his company to investors to keep it afloat , and by the late 1980s , he had worked his way into a position to buy it back , this time with his son , mitchell , as president .
once paypal is fully integrated into ebay , the auction giant also plans to shut down billpoint , its former online payment service . both billpoint and kruse were acquired in 1999 in a deal valued at about $ 275 million .
s backing , kruse also became the major auctioneer for the sale of classic car collections around the country . in 1980 the auburn auction saw 754 cars put up for bid , followed by 860 cars the following year , when
the key blow came when indiana took away kruse’s license as an auctioneer , one of the very first granted by the state . that left him helpless to work his way out of his debts the way he had in the past .
that ' s how we regard the good people who make up dan kruse classics . it takes a lot of work and dedication to put on a top - notch event and we’ve got the best in the business working with us .
the first kruse car auction took place on labor day 1971 . kruse worked for his father , russell , in the family auction business . they collaborated with leaders of the local auburn cord duesenberg festival , which celebrates classic cars built in the city in the 1920s and 1930s . searching for a way to pay for a museum to house the cars and salute the city’s history , they came up with a plan to sell collector cars in an auction and make money from commissions on the sales .
for the first time , but not the last , kruse found himself besieged by lawsuits from people who sold cars at his auctions and didn’t get paid . he stubbornly rejected advice that he should file bankruptcy and set about slowly repaying his customers , seeking to rebuild trust .
with a combined 200 years experience in the auction event process , our team shines when the curtain goes up . we ' re dedicated to providing the smoothest transfer of sale and do our level best to make sure your experience with dan kruse classics a thoroughly enjoyable one .
in 1999 god provided mitch a way to leave kruse international . he sold his company to ebay and attended seminary . he now teaches others on the value of a life restored in christ . in his book , restoration road , mitch talks about four primary desires . these are god - given desires that reside in each one of us . every choice , thought , prayer , and feeling is connected with every investment of time , talent , and treasure by the heartbeat to satisfy these desires . the first primary desire is significance , which comes from being created in god’s image . the second desire is contentment from being blessed by god to be fruitful , multiply , and subdue the earth . the third desire is control , being empowered by god to rule over the earth . the fourth desire is security from being provided with every seed - bearing plant and fruit - bearing tree .
when asked to help raise money for the auburn cord duesenberg car club , which sponsored the annual festival but was losing money , kruse suggested that , since some of the cars were already scheduled to be sold , a consignment auction of vintage cars during the festival could be used as a fund - raiser instead of auctioning off the other goods the chamber of commerce had in mind . his idea was accepted and in 1971 the first auburn labor day vintage car auction was held in a field near interstate i - 69 . after russell kruse began the proceedings by singing
the kruses’ first hard landing came at the end of the ’70s , when a recession marked by the double jeopardy of high unemployment and runaway inflation gripped america . as dean kruse would learn more than once , collector cars are a luxury that people don’t buy when their budgets turn tight .
the action was taken in response to complaints from sellers who claimed the company had not paid them for automobiles that it sold . according to the associated press ( via bloomberg businessweek ) , mr . kruse said that his financial problems were largely the result of buyers not paying for their purchases .
billpoint enables person - to - person credit card payments over the internet , helping buyers and sellers settle up , while kruse runs approximately 40 car auctions each year , selling about 14 , 000 vehicles . it also employs specialists who appraise , authenticate , and rate a wide range of automobiles and networks with collectors and dealers around the world .
as his legacy , kruse left auburn as a tourist destination with three museums in which he played a key role . he served as one of the founders of the national auto & truck museum , conducted auctions that paid for saving the auburn cord duesenberg automobile museum and started the museum that today is known as the national military history center .
even without the giant kruse auction , numerous cars will go on the block in the auburn area , mr . wolff said . the world wide auction is slated for that weekend , and the classical event auction , which specializes in high - end cars , will take place in an indoor sports arena across the street from auburn’s dekalb high school .
dean kruse moved quickly to rebuild the business . to make up for the sales shut down by ebay , annual auctions were launched in new york city ; biloxi , mississippi ; tampa , florida ; billings , montana ; and monterey , california . kruse also invested in improvements to the auburn facilities in order to make greater use of them . given that it was much less expensive to host an event in auburn than elsewhere in the country , the investment led to increased profits . in a matter of two years three auctions were added to the auburn site , making a total of five annual sales . they included a noreserve auction for collector cars , recreational vehicles , and motor coaches , the national corvette show & auction , and an auction for street rods and customer cars as part of an event called the annual fun run nationals . the auburn grounds were also rented out for vehicle shows , such as the sports car club of america and the american truck historical society .
but before kruse began his career as a car auctioneer , he gained prominence in politics . he became dekalb county’s republican chairman in 1964 , claiming to be the nation’s youngest chairman at age 23 . in 1966 , he won election as the youngest state senator in indiana , and he said that at age 25 , he also was the youngest in the nation . his senate career lasted only four years , though he maintained a lifelong interest in politics , serving as a republican county chairman and rubbing shoulders with national leaders as head of the national association of realtors political action committee .
in 1989 the auburn auction was moved to a new facility , kruse auction park , where three duesenbergs received bids of more than $ 1 million each , led by the $ 1 . 8 million paid for a 1933 duesenberg j 386 . the event was also noteworthy because the financial news network aired three hours of the auction . the following year , the 20th auburn auction featured 3 , 000 vintage automobiles and a separate collectibles auction . the event expanded further in 1991 to include three other auctions : the marhanka antique truck & tractor collection , the wayne sawyer collection , and the fitterling collection & farm .
s business development people , simon rothman , was responsible for taking ebay into automobiles , the result of his searching the site for die - cast models of ferrari sports cars and finding that a full - size ferrari was up for sale . he soon discovered that other cars were also for sale elsewhere on ebay . a car enthusiast who had restored fiats as a teenager , rothman was put in charge of the new unit . ebay motors acquired kruse as a way to gain credibility with collectors , encouraging them to auction their cars on the site and making it known that top vintage cars could be bought online .
the kruse family bought back the company in 1981 after six years of i . t . t . ownership . the collector car business continued to flourish and then enjoyed a further surge following the october 1987 stock crash . a large number of investors felt uncomfortable with the stock market and began to put their money in art work , collectibles , and classic cars . as a result , vintage cars fetched ever increasing amounts of money . at the 1988 auburn auction , a 1929 cord l29 murphy town car once owned by actor john barrymore sold for $ 1 million . a duesenberg j walker lagrande torpedo phaeton also received a bid of $ 950 , 000 .
by the time of the 1991 auburn auction , a recession struck the country and had an adverse impact on the classic car industry . values plummeted and several years would pass before investors regained their losses . despite poor conditions , kruse was able to carry on . in 1992 the shop - at - home network broadcast some of the labor day event , allowing home viewers to bid on the 1 , 500 vintage cars put up for sale . the top selling car was a 1948 buick saoutchik drophead coupe , receiving $ 275 , 000 , a far cry from the amounts paid three years earlier . while collectors may not have been willing to pay as much for vintage cars , there were plenty of enthusiasts willing to pay the price of admission to admire them . in 1986 nearly 300 , 000 people attended the auburn labor day festivities .
s voice served him well . according to observers his voice could be listened to for hours without annoyance . he was also a natural showman , unafraid of working in front of large crowds , and he possessed the necessary ability to read the crowd , to know who were serious buyers and who might have been shills , and to cajole bidders into going a little higher in their bids than they had planned . he was an immediate success as an independent auctioneer , becoming the top auctioneer in the area after just a year . he handled the usual work to be found in rural indiana : estate liquidations , farm sales , and other real estate sales . he was also called on to auction off less than ordinary items , such as the complete contents of a funeral home and a 750 - foot - deep hole in the ground , which he sold to a garbage company . in time kruse was assisted by his children . dean began working for him part time in 1956 and three years later went full time , becoming an accomplished auctioneer in his own right .
the auction house uses its high - flying stock to scoop up a credit - card payment firm and an auto - appraisals company .
ebay made two acquisitions today using its high - priced stock as currency , scooping up a credit card payment firm and a company in the auto collectibles market to resume pushing its way into pricier merchandise .
as it continued an acquisitions binge begun with last month ' s much - remarked purchase of venerable auction house butterfield & butterfield , ebay also signaled an interest in expanding in the auto market .
this is a launching pad for us to get into the car market , and we ' re entering into the logical place ,
said ebay senior vice president of marketing brian swette in an interview .
the collectible car market is roughly half a billion dollars a year , he added , compared to the broader car market , counted in the billions .
we think the car market is an attractive market for us ,
swette added .
moving into auto auctions would increase ebay ' s average selling price , thus boosting its revenues . that also was the goal of ebay ' s $ 260 million acquisition of butterfield & butterfield , a highbrow , 134 - year - old auction house .
billpoint ' s technology could reduce the time required for ebay members to complete a transaction by three to seven days , said mike wilson , ebay ' s senior vice president of product development and site operations .
billpoint ' s system , still in testing , involves billpoint ' s software becoming the
master merchant
and processing transactions for members . as such , it introduces both a new revenue source and additional risk into ebay ' s business model .
billpoint and others have developed technology to detect fraud in this area , and we view it as a small risk that we would be managing carefully ,
wilson said .
billpoint will operate as a wholly - owned ebay subsidiary and will be encouraged to use its technology to facilitate transactions for other internet commerce firms , he said .
they are the offline version of ebay in collectible cars ,
swette said .
as for ebay ' s plans for the used car market , swett said :
we ' ll do the same thing as we did for beanie babies - - create a national market that is easy , fast , informative , and has community built around it .
ebay said the two transactions may slightly dilute earnings for the remainder of 1999 , and both will be accounted for as
pooling of interest
transactions . ebay also may recognize some one - time expenses related to the acquisitions in its second quarter financials .
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paypal shareholders were to vote on the $ 1 . 5 billion deal today ; approval seems certain , however , so there ' s little drama .
, which claims to sell more vintage cars than all other firms combined , conducts more than 30 real - world auctions a year . ebay motors , however , has seen the bulk of it growth ( some estimates put gross merchandise sales there at about $ 3 billion this year ) in the standard used car market .
but ebay quickly found that online success doesn ' t always mean that real - world business efforts will be winners .
referring to the sale of butterfields , ebay spokesman kevin pursglove said at the time that :
perhaps we had not entirely gauged how much of a change in behavior would be required to make customers comfortable with purchasing high - end art and collectibles online .
since 2002 , liveauctioneers has made exceptional items available for safe purchase in secure online auctions .
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the first auction on the west edge of auburn succeeded beyond the organizers’ wildest dreams . a mere three years later , festival organizers had saved the auburn automobile co . headquarters in the city and opened it as a museum . by then , the kruses had taken their business concept nationwide , starting a new industry that continues to thrive some 40 years later .
to house their growing business , the kruses erected a three - story office building in downtown auburn that would be sold to county government in the mid - 1980s after the kruses’ first financial crisis . in the beginning , it sported lavish chandeliers and furnishings that testified to the new company’s prosperity .
the kruses pulled it off with none of the backfiring that plagued recent auctions at the overcrowded dekalb high school site . traffic flowed smoothly onto the grounds without the long waits that were so frustrating in years past .
… the event was bigger and better in almost every way . butler estimated that attendance was up by 30 - 40 percent over 1988 . as many as 10 , 000 spectator cars were on the grounds at peak times saturday , and the auction expanded to offer a record 2 , 000 cars for sale .
… “people didn’t think we could make it work , ” butler said of the auction’s new site . “we had to show them . ”
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5540 county road 11a auburn , indiana 46706 u . s . a . telephone : ( 260 ) 925 - 5600 toll free : ( 800 ) 968 - 4444 fax : ( 260 ) 925 - 5467 web site : urltoken
private company founded : 1952 employees : 100 ( est . ) sales : $ 125 million ( 2006 est . ) naic : 453998 miscellaneous retail stores , not elsewhere classified
auburn - cord - duesenberg festival by hosting a fund - raising auction . although it is virtually forgotten today , early in the 1900s auburn , indiana , rivaled
as the center of the u . s . auto industry . it was the home of giant auburn automobile co . , which remained a healthy company , especially in luxury cars
caught up to the manufacturer . luxury car sales collapsed and in 1937 the auburn automobile co . closed its doors . it was a bitter blow both to the economy of auburn and the psyche of its citizens . the glory years were not forgotten , however , honored each
s web site . the auburn event received national attention , due in large part to a duesenberg which received a $ 61 , 000 bid that was rejected by the owner .
s leading auction firms and the largest collector car auction company , selling more vintage cars than all other firms combined .
s 1933 duesenberg victoria , which fetched a record - breaking $ 90 , 000 . the following year the event auctioned 250 cars , one of which , a 1932 duesenberg , became the first $ 100 , 000 car . by the 1975 auburn auction , total bids reached the $ 7 million mark and 100 , 000 people attended . of the 430 cars bid upon , 58 percent were actually sold , because a large number had a
, as the auburn auction was made available on both television and online . the company
e indulge in a peculiar hobby : trading pez candy dispensers . ebay became a broker for sellers , receiving a listing fee and a percentage of the sales price for hosting an online auction . it quickly became one of the great internet success stories , achieving growth by paying attention to what users of the site were trading the most , then creating categories to serve that sector , thereby reaping even greater rewards . one of ebay
lived a colorful life . divorced , he decided to remarry despite being well into his 70s . in 1998 he picked out a russian bride from a catalog , lyubov koutsova , and flew to
barrett - jackson auction company llc ; mecum auction inc . ; rm auctions , inc .
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“the a . c . d . festival is separate and distinct from the auction , ” mr . wolff said . “we’re expecting close to 50 duesenbergs and close to 100 , 000 attendees . ”
according to mr . wolff , the four - day festival includes a cruise - in of hot rods , muscle cars and other collectibles , as well as a drive - through and display of the duesenberg classics . they will also be hitting the road for a drive to nearby kendalville airport , where the duesenbergs will hold a “gentleman’s competition” on a quarter - mile dragstrip .
a team of new york times contributors blogs about news , trends and all things automotive . check back for insight , photos , reviews of cars and more . and remember to join the conversation — you can comment on the cars , offer your own reviews , and post questions in our reader comment area .
the regular features of this blog , including monday motorsports , the wheelies news briefs and reports on auto industry developments including vehicle recalls and technology updates , can now be found on the automobiles web page . read more…
you may not be able to tell the difference while you’re driving , but acura’s new 4 - wheel steering system moves the front and rear wheels in concert to improve high - speed steering response . read more…
general motors hasn’t offered a diesel passenger car since the diesel - powered chevette chugged unceremoniously into its lineup in 1986 . but the company is back with its efficient chevrolet cruze turbo diesel . read more…
toyota announced a recall on thursday of 803 , 000 camry , avalon and venza models for a problem related to air bags caused by spider webs . read more…
a journey across sunny italy , sampling “the most sublime noise ever to enter the ear of man” — the throaty engine of a ferrari , in this case the ff gt . read more…
watch pat , terry , and gordon on your ipod as they bring you amazing stories and celebrity interviews .
become a cbn partner and receive the transforming word : verses to overcome fear and experience peace , our special dvd / cd gift to you . cbn partners are making a difference sharing the gospel of jesus christ . find out how .
the raid as mitch followed in his father’s footsteps , he discovered that success is fragile and often comes at a high price . instead of planning for family time with his child , he traveled further and more frequently . “i stayed late at the office , because there was literally no end to what i could do each day to earn enough money to stay one step ahead of disaster , ” he says . he found himself in the same situation his dad did years earlier , putting his business before family and faith .
though he was raised in a christian family , mitch vacillated between legalism and relative lawlessness . in july of 1990 , “it was like someone turned the lights off , ” says mitch . “we experienced two years of economic crisis . ”
“at first i thought it was a joke by one of my employees , ” said mitch . once mitch realized it was not a joke , he hoped they were there to investigate the records of one of the companies’ 450 , 000 customers . in the middle of the crisis , mitch called his uncle derald . within the hour of uncle derald’s arrival , mitch discovered two crucial facts : first , the irs had orchestrated a sting operation against his company ; second , they needed to pull together expert legal counsel .
turning point after years of facing constant pressure of life in the fast lane , he reached a turning point and surrendered control of his life to the lord . on the day of the raid , uncle derald asked mitch , “have you ever thought about changing the scorecard of your life from money to wisdom ? ” this question has stayed with mitch ever since then .
just after the raid mitch started meeting weekly with his uncle to ask him questions about the scripture he had read that week . soon these meetings began to fuel an almost insatiable desire for wisdom from the bible to apply to his life . in his search for wisdom , mitch created four courses in order to apply his mind . first , read a chapter in proverbs each day that corresponds with the date of the month . “proverbs has 31 chapters , so i read through the book once each month . ”
secondly , read a chapter from the new testament each day . “this allowed me to read the entire new testament in less than a calendar year . ”
third , read three chapters each day in the old testament , “so that i could read the entire bible in a year , ” says mitch .
finally , “i memorized one verse each week that i applied to my collector car auction life , recalling it several times throughout the week . ”
these four disciplines have proven to be very valuable to mitch that he continues to pursue them each day . “i encourage you to consider selecting one of the courses for your own life . warning : this will radically change your life , ” says mitch .
each desire is present in genesis 1 : 27 - 30 . one who attempts to satisfy his desire leads with a particular chamber of the heart . attempting to satisfy the desire for significance , the emotions chamber leads . someone who attempts to satisfy his desire for contentment leads with the spirit . one who attempts satisfying the desire for control leads with the will . someone who desires to satisfy security leads with intellect . even though one leads with a heart chamber when pursuing a particular desire , all four chambers of the heart flow toward each pursuit . “when we fully surrender our hearts , desires , and three resources of life to him . he satisfies our desires . we are not the ones restoring ; rather , it is christ in us and working through us . ”
today , mitch writes and speaks to a wide array of audiences about wisdom and leadership . mitch , his wife susan , and their daughter live in auburn , indiana , on their family farm homesteaded from the indiana state government by his great - great - great grandfather in 1854 .
call the 700 club prayer center at 1 ( 800 ) 700 - 7000 , 24 hours a day .
a caring friend will be there to pray with you in your time of need .
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wirecash is a digital money transfer marketplace where customers can compare remittance services and complete money transfers online .

with one login , customers can evaluate money transfer services based on brand , price , recipient payout option , along with other criteria .

money transfers completed through wirecash are then safely processed and distributed worldwide to recipients .

founded in 2005 , the company previously operated atmcash , prior to establishing wirecash .

the company was founded by ran grushkowsky and jonathan cooper , and is based in santa monica , ca .

wirecash

be a wirecash customer that has completed a successful wirecash transfer before recommending wirecash .
recommend friends to wirecash via the means provided by wirecash - and only via the means provided .
entire agreement . the disclaimers herein outline the wirecash service , which you agree to in initiating a transaction via wirecash . agreements between you , wirecash and its money transfer providers govern your use of the service , superseding any prior agreements between you and wirecash .
privacy policy . by initiating a transaction via wirecash , you acknowledge and consent to wirecash ' s privacy policy which is an agreement between you and wirecash . the privacy policy can be found on our website .
wirecash began life as atmcash . com , a joint venture among cooper , wirecash co - founder and chief technology officer ran grushkowsky and cleveland’s keybank .
wirecash is an online marketplace for international money transfers . wirecash works with licensed money transfer companies , offering their services online . customers can search , compare and send money with multiple money transfer companies directly through the wirecash marketplace .
wirecash and its money transfer partners may make money on fees and while exchanging currencies .
wirecash specializes in online money transfers and does not offer any other products or services .
congrats to # wirecash and # transfer - to , award winners and msba members .
about wirecash wirecash is the first and only marketplace for international money transfers . wirecash offers u . s . residents online access to a range of money transfer , bill payment , and top up providers to send money home to family and friends in over 100 countries . wirecash is based in santa monica , ca . visit urltoken for more information .
for subsequent transfers , you simply log in to your wirecash account to initiate the process .
expect additional exciting news from wirecash in the coming months regarding new partners and key hires .
read full release at urltoken wirecash marketplace for money transfers grows with addition of ping express .
wirecash has a trustscore of 7 . 1 out of 10 with trustpilot as of this writing . of the reviews , 75 % are excellent , giving wirecash an overall rating of great .
about wirecash urltoken is the marketplace for international money transfers . wirecash offers us residents online access to a range of money transfer , bill payment , and mobile reload providers to send money home to family and friends in over 100 countries . wirecash is based in santa monica , ca .
transfer must not be declined at any time or for any reason by wirecash or its partners .
transfers must not be declined at any time or for any reason by wirecash or its partners .
about wirecash wirecash is the online marketplace for international money transfers , enabling u . s . residents to compare services and complete money transfers with a range of companies , to 100 + countries .
wirecash is the largest marketplace for international money transfers . wirecash offers u . s . residents online access to a range of money transfer , bill payment , and topup providers to send money home to family and friends in over 100 countries . wirecash is based in santa monica , ca .
thousands of customers trust wirecash and its service providers every day . here are a few recent examples :
thousands of customers trust wirecash and its service providers every day . send to these countries and more !
wirecash , an online marketplace for international remittances , has added the brazilian company pontual to its platform .
looking to offer your money transfer services online ? wirecash is an expert in bringing down all the barriers of sending money online - the obvious and the not so obvious ones . partner with wirecash today .
the firms offered through the wirecash marketplace are in many cases the preferred provider of money transfer services to specific destination countries . prior to wirecash the services of these offline firms were unavailable to consumers online .
the technology and software underlying the service or distribution in connection therewith are the property of wirecash , and the money transfer providers it works with . any rights not expressly granted herein are reserved by wirecash .
licenses . wirecash is not a licensed money transmitter . however all money transmitters offered through the wirecash website and platform are state - licensed . their licenses can be found on the respective state and fincen websites .
wirecash customers across the country can now utilize pontual ' s broad network to send money quickly and easily throughout central and south america ,
wirecash ' s co - founder ran grushkowsky said in the release .
wirecash released its money transfer platform in march . it plans to announce similar partnerships in the coming months .
and that’s where santa monica startup wirecash sees big dollars – and pesos , rupees and shekels , too .
no , wirecash limits transfers to people you know personally . you cannot use it for any commercial purpose .
wirecash is all about enabling remittance providers to more easily process successful payment transactions from any platform and any region of the world using their marketplace wirecash . com . i bring years of experience in helping the biggest companies
wirecash , the online marketplace for international money transfers today announced it will now offer the services of ping express .
wirecash processes most transfers within one to two working days . in some instances , the process might take longer .
wirecash , an online marketplace for international remittances , has added the brazilian company pontual to its platform .
wirecash is the first and only marketplace for international money transfers . wirecash offers u . s . residents online access to a range of money transfer , bill payment , and top up providers to send money home to family and friends in over 100 countries . wirecash is based in santa monica , ca . visit urltoken for more information .
and co - founder of wirecash . “adding a large , standout brand marks a significant step forward for wirecash , as well as maxi , as their money transfer services can now be accessed from any computer or smartphone . ”
wirecash plans to announce the addition of more money transfer companies and service providers to its marketplace in the coming months .
the money transfer companies that wirecash spotlights are , in most cases , preferred service providers to the destination countries in question . many of these companies were predominantly offline , and so they started offering their services only after wirecash entered the picture . in this sense , wirecash is the first online marketplace that gives americans access to popular offline money transfer companies .
wirecash enables customers to send money online using a bank account , debit card , or credit card . in most cases
use our comparison calculator to assess the transfer fees , exchange rates and other details of wirecash against our money transfer partners .
bonus is added automatically to your next transfer after your friend completes their first transfer with wirecash . no limits but restrictions apply .
wirecash plans to announce the addition of more bill payment and money transfer providers to its money transfer marketplace in the coming weeks .
wirecash allows for one - time transfers transfers . it doesn’t offer such tools as forward contracts , limit orders or spot orders .
“offline money transfer companies in many cases are the preferred consumer choice to specific destination countries but prior to wirecash’s technology , most were excluded from the online market . essentially , the companies offered online through wirecash cannot be found online anywhere else , ” lemberger said .
the addition of pontual to the wirecash marketplace expands the choices currently available to wirecash customers wishing to send money to family and friends throughout latin america . pontual enables direct money transfers to accounts at all banks in brazil , as well as throughout central and south america .
urltoken is the marketplace for international money transfers . wirecash offers us residents online access to a range of money transfer , bill payment , and mobile reload providers to send money home to family and friends in over 100 countries . wirecash is based in santa monica , ca .
through the new arrangement , u . s . residents can send money online to brazil with pontual through the wirecash website . pontual ' s services are also available throughout central and south america , the santa monica , calif . - based wirecash said in a monday news release .
wirecash now provides u . s . residents the widest breadth of international cross - border remittance services and payout options to more than 100 countries
wirecash is the marketplace for online money transfers . customers may compare services and send money with multiple money transfer companies from one online location .
customer updates . you must promptly update us with any change in your email address and telephone number by email and receive confirmation thereof . if wirecash does not have correct contact information , wirecash may not be able to notify you with important information or changes in your transaction status .
questions , notifications , and requests for refunds or further information can be sent to wirecash , as follows : online at customerservice @ urltoken .
disputes with wirecash . if a dispute arises between you and wirecash , our goal is to learn about and address your concerns . if we are unable to address your concerns to your satisfaction , we will seek to provide you with a neutral and cost - effective means of resolving the dispute quickly . disputes between you and wirecash regarding the service may be reported to our customer service department . ( see section 17 below ) .
online campaign : jonathan cooper , left , ran grushkowsky and logan lemberger at internet remittance business wirecash’s headquarters in santa monica . photo by ringo chiu .
wirecash is the first and only online marketplace to offer u . s . residents access to traditional offline money transfer companies . money transfers can be received via bank account deposit , agent pick - up , home delivery , and mobile among other options . wirecash allows consumers to send money smarter , to complete the online money transfer that fits their needs best . wirecash is based in santa monica , ca . for more information , please visit urltoken .
wirecash serves as the authorized delegate of multiple licensed money transfer providers . as such , wirecash offers services of licensees to us residents to compare brands , rates , distribution options , and initiate money transfers in one online location . customers can return to do subsequent transactions with the same or different licensed service providers .
but wirecash is taking a different approach to effecting change within the industry : work directly with smaller , pre - existing money - transfer companies to offer users lower fees and more sending options . using these partnerships , wirecash gives users a new way to transmit funds from the u . s . to recipients abroad .
wirecash is dedicated to securely protecting the information and privacy of all consumers . this privacy policy discloses the practices for wirecash ( urltoken ) and applies solely to information collected by this website . our privacy policy may be updated from time to time and will be posted on this page . the policy outlines the following :
“expanding our platform to include international bill payments and mobile recharges further establishes wirecash as the premier one - stop online destination for all international value transfers for u . s . residents providing financial assistance to their family abroad , ” said ran grushkowsky , co - founder of wirecash . “wirecash has a wide range of options and solutions to choose from , enabling a customer to send cash to their mother , pay their grandmother’s electric bill , or add minutes to their brother’s mobile phone . ”
wirecash leverages proprietary technology , including the latest machine learning and artificial intelligence techniques to be one of the very few money transfer companies to offer instant ach .
information provided or posted by customers on our publicly accessible blog . do not post sensitive , private personal information including : email , address , or wirecash transaction information .
charges . for each transaction that you submit there may be a transaction fee dictated by the service provider you selected from the wirecash marketplace , plus the transaction amount . you agree to pay this transaction fee , to the service provider , which will be collected by wirecash . additional charges may apply depending on selected service and payment method . payment is due at the time your transaction is submitted for processing . wirecash only accepts payment in u . s . dollars . if you submit a transaction that results in wirecash being charged non - sufficient fund fees , chargeback fees , or other similar fees , you agree to reimburse us for all such fees . for transactions funded from the sender ' s bank account , you agree that wirecash may , if necessary credit your bank as part of our effort to confirm ownership of the account .
the wirecash staff . from left : logan lemberger , micah blu , jonathan cooper ( co - founder ) , ran grushkowsky ( co - founder ) , roberto ricardo .
so , backed by more than $ 5 million from an institutional investor , cooper and grushkowsky launched wirecash . logan lemberger joined as vice president of business development in 2013 .
wirecash officially launched its money transfer platform in march 2015 and plans to announce the addition of more money transfer companies and service providers to its marketplace in the coming months .
# startup instawires . com - send # money # globally , in an instant . # cash # moneywire # wiremoney # wirecash # vc # venturecapital # banking # payments
plus , with wirecash insights™ , we’ll provide you with the intelligence and the tools to retain control of your business . our technology and platform allow you to set your exchange rates and fees with the insight of what other money transfer services are offering . this allows you to balance your profitability targets and your volume . this is the wirecash marketplace .
wirecash . com , an online and mobile marketplace for international money transfers , has signed an agreement to offer the services of maxi money services , a us licensed money transmitter .
disclaimer : i am part of the team at wirecash , which is an online marketplace for international money transfers to 100 + countries . we hope to be a part of your money transfer but our goal is for you to find the best money transfer option for you ! customers are already using wirecash for the exact purpose of paying developers in russia .
initially , wirecash is partnering with cuallix and other providers to enable consumers to pay family bills including utilities , financial services , taxes , telephone , cable , and internet . the platform is well established in countries like mexico , where vendors payable through the wirecash marketplace now include nextel , cablevision , telnor , telmex , movistar , cfe , infonavit , and sky .
wirecash ' s mission is to make those money senders available the way most americans prefer to shop nowadays - via the internet - while taking a cut in the process .
that ' s why wirecash has turned to
voiceprints
to help verify payments . a voiceprint comprises hundreds of mathematical models measuring traits such as tone , cadence and pitch
wirecash enables customers to send money online using a bank account , debit card , or credit card . in most cases funds are available to recipients in 100 + countries in minutes .
you can reach customer service by phone at 323 - 388 - 4210 , email or live chat . wirecash also has a handy faq section on its website that may have your answer .
wirecash ceo and co - founder ran grushkowsky said : “maxi money services is a significant brand to add to our marketplace . their unique money transfer services will be well received by online consumers . adding a large , standout brand marks a significant step forward for wirecash , as well as maxi , as their money transfer services can now be accessed from any computer or smartphone . ”
improperly filed litigation . all claims you bring against wirecash must be resolved in accordance with section 13 of this agreement . all claims filed or brought contrary to section 34 shall be considered improperly filed , and a breach of this agreement . should you file a claim contrary to section 13 , wirecash may recover attorneys ' fees and costs ( including in - house attorneys and paralegals ) up to $ 1 , 000 . 00 usd from you , provided that wirecash has notified you in writing of the improperly filed claim , and you have failed to promptly withdraw the claim .
wirecash partners primarily with companies who previously operated strictly offline . senders can compare and choose among these companies – which include girosol , pontual , and prabhu – when preparing a remittance for processing .
the delivery of the funds is provided by the licensed money transfer providers . you agree to abide by the terms and conditions imposed by your selected service provider when conducting a transaction using wirecash .
the fees you’ll pay to use the services of wirecash depend on the country you’re sending money to , the service provider you select , the amount you wish to send and how you’re sending it .
we are very excited to add pontual to our online marketplace . wirecash customers across the country can now utilize pontual ' s broad network to send money quickly and easily throughout central and south america ,
said ran grushkowsky , co - founder of wirecash .
pontual ' s trusted relationships within the local brazilian and latin american communities uniquely position them for success in our money transfer marketplace .
wirecash has a wide range of options and solutions to choose from , enabling a customer to send cash to their mother , pay their grandmother’s electric bill , or add minutes to their brother’s mobile phone .
but wirecash is taking a different approach to effecting change within the industry : work directly with smaller , pre - existing money - transfer companies to offer users lower fees and more sending options .
unauthorized transactions . wirecash or its money transfer providers may cancel any transaction and close any account that it suspects is being utilized for any of the following activities ( without limitation ) : sexually - oriented materials or services ; gambling activities ; fraud ; money - laundering ; funding terrorist organizations ; purchase or sale of tobacco , firearms , prescription drugs , or other controlled substances ; or sending money to a recipient that has violated the wirecash or its providers’ terms of service . if you use the service in connection with illegal conduct , wirecash reserves the right to report you to the appropriate law enforcement agency or agencies .
commercial transactions . wirecash is not intended to be used for commercial purposes , including for purchases of goods or payments for services of any kind . you agree that you will only use the service to send money to people that you know personally and for personal reasons . if wirecash discovers you are using the service to purchase goods or services , we may cancel your transaction ( s ) and close your account .
“joining the wirecash money transfer marketplace is a key step in the expansion of our business , ” said arthur avetisian , managing member of moneytun . “our distribution network continues to expand , now reaching over 60 , 000 locations . together with wirecash , we will provide fast , convenient , and inexpensive online money transfer services to armenia , russia , ukraine and the rest of eastern europe from the united states . ”
wirecash will make every effort not to debit your payment instrument after receiving your request for cancellation . however , in some cases , wirecash may have initiated an irreversible request for funds from your financial institution prior to receiving your request for cancellation . in such cases , your payment instrument may be debited even if you have cancelled your transaction . in this case , the refund will be initiated once the payment is completed .
los angeles , calif . , nov . 2 , 2015 ( globe newswire ) - - via prweb - wirecash , the online marketplace for international money transfers , today announced the addition of pontual ' s remittance services to its money transfer platform . u . s . residents may now send money online with pontual , the leading money remittance provider from the u . s . to brazil , exclusively through the wirecash website .
chief executive jonathan cooper embraces the air travel analogy , comparing wirecash to expedia inc . in bellevue , wash . , which allows prospective travelers to search for , compare and book flights all on a single site .
if you’re a new user , you’ll need to visit wirecash’s website and select the country you wish to transfer funds to . from there , you can see the transfer methods and service providers available in that country .
eligible users . you must be at least eighteen ( 18 ) years old to access or use wirecash as a sender . you must be able to form legally binding contracts under applicable law . other restrictions may apply .
those who want to select from different services . wirecash works by matching senders with partnered companies to make the transfer through . depending on the country you’re sending to , you may be able to pick from one or more .
) today announced the launch of the first and only online money transfer marketplace . wirecash has integrated a wide range of recognizable and respected traditional offline money transfer companies onto its platform , providing us residents access to their services .
third - party service providers under contract with wirecash that help us with our business operations , such as transaction processing , fraud prevention , and marketing . this is only for the purposes of providing you with your requested services .
consumer fraud alert : protect yourself from scams and fraud . only complete transactions to people you know , safeguard your password , complete transfers for yourself and not on behalf of others . wirecash may be used for legal purposes only . please let us know immediately if you believe someone is trying to scam or defraud you or if your wirecash username or password have been lost or stolen by email at customerservice @ urltoken and put report fraud in the subject line .
“we are pleased to add ping express to our expanding marketplace . their technology - focused approach and proprietary distribution provide wirecash customers excellent options for sending money to africa , ” said ran grushkowsky , ceo and co - founder of wirecash . “even today , there are insufficient options to send money online to africa , with costs remaining especially high . we look forward to working together with ping express to provide affordable and efficient online money transfer services to countries across africa . ”
“we’re excited to join the wirecash money transfer marketplace , offering our low - cost and instant money transfer services . we’re continuing to create an environment that puts smiles on the faces of families and friends throughout africa . ” said anslem oshionebo , ceo and president of ping express . “we’re dedicated to providing the nigerian and ghanaian diaspora communities in the united states with the best all - around money transfer services . working with wirecash enhances our ability to do just that . ”
operating as an online money transfer marketplace , wirecash sends money to more than 50 countries the world over . you can also compare multiple money transfer companies across such parameters as distribution methods , payout options , exchange rates and transfer fees .
with one seamless login , consumers can transparently compare and complete money transfers based on brand , price , recipient payout option , along with other criteria . money transfers completed through wirecash are safely processed and distributed worldwide to recipients in minutes .
wirecash has signed agreements in place with five licensed money transmitters , and is currently processing online money transfers to over 60 countries . more partners are being integrated and the company expects to announce additional agreements and global distribution in the near future .
jun 07 , 2016 - prunder ground . com - wirecash , the online marketplace for international money transfers today announced it will now offer the services of ping express . ping express , provides a technology platform that enables its members to . . .
other charges . wirecash is not responsible for any fees or charges that may be imposed by the financial institutions associated with your payment instruments . for example ( without limitation ) , your credit card issuer may charge you a cash advance fee and interest if you use a credit card as a payment instrument . wirecash is not responsible for any non - sufficient funds charges , chargeback fees , or other similar charges that might be imposed on you by your bank , credit card issuer , or other provider .
verification . recipients may be required to prove their identity before receiving funds by presenting valid , unexpired identification document ( s ) from a list of acceptable forms of identification . in addition , recipients may be required to provide a number and / or other , similar identifier associated with their transaction . you give wirecash permission to store all such data , as necessary to provide the service . please verify account information and bank details are correct prior to submitting your transaction because wirecash is not responsible for detecting inaccuracies .
in the ecommerce world to maxmise conversion while minimizing fraud risk from every region of the world . one of the keys to the success of wirecash is the ability to ensure safe fraud free transactions , at a price point that makes sense for money remittance .
identity and location information . you authorize wirecash to request your mobile carrier to use your subscriber details for verifying your identity . those details may include name , billing address , email , and phone number . this information may also include location information , if available .
limited time offer . promotion may end at any time with or without notice . wirecash reserves the right to end this promotion at any time but any eligible transfer submitted prior to the cancellation will receive the promotion . final end date will be posted in this website .
except for claims under section 2102 of the california financial code arising from transactions originating in california , in no event shall wirecash , its suppliers , vendors , service providers , or their respective subsidiaries , officers , agents , partners , employees or consultants be liable for any direct , indirect , incidental , special , consequential or exemplary damages beyond the sum of $ 500 . 00 ( in addition to refunding the transaction amount and transaction fees ) , including but not limited to , damages for loss of profits , goodwill , use , data or other intangible losses ( even if wirecash has been advised of the possibility of such damages ) resulting from negligence on the part of wirecash , its suppliers , vendors , service providers , or their respective subsidiaries , officers , agents , partners , employees or consultants .
general . wirecash or the licensed money transmitters we work with may , at any time and in our sole discretion , refuse any transaction or limit the amount to be transferred , either on a per transaction basis or on an aggregated basis without prior notice . any such limits may be imposed on individual accounts or on related accounts or households , in wirecash ' s sole discretion . we reserve the right at any time , and from time to time , to modify or discontinue the service ( or any part thereof ) with or without notice .
wirecash reserves the right to deem any transfer ineligible from this promotion for any reason including transfers and / or users that , including but not limited to , appear to be fraudulent , are potentially intended to abuse this promotion , or it do not comply to our user agreement .
ran grushkowsky , co - founder and cto of wirecash said , “stopping payment fraud is instrumental to safely process online money remittance transactions . prior to our launch we invested heavily in our transformative technology to prevent fraud and facilitate the transition and ongoing online operations of offline money transfer companies . ”
no waiver . the failure of wirecash to exercise or enforce any right , provision , or clause of these disclaimers shall not constitute a waiver of such right or provision and shall not guarantee that wirecash will repeat any such actions in the future . if any provision of the disclaimers are found by an arbitrator or court of competent jurisdiction to be invalid , the parties nevertheless agree that the arbitrator or court should endeavor to give appropriately valid effect to the intention of the disclaimers as reflected in the provision , and the other provisions of the disclaimers shall remain in full force and effect .
wirecash , the marketplace for online money transfers , today announced the launch of cross - border international bill pay and mobile phone reloads for u . s . residents . the addition of these services enables customers to instantly pay for their family members bills or mobile phone minutes in over 100 countries .
in order to access and retain communications , you must have : ( i ) an internet browser that supports 128 - bit encryption , ( ii ) an email account and the capability to read email from wirecash , and ( iii ) a device and internet connection capable of supporting the foregoing .
foreign currencies . money transfer service providers offered by wirecash usually make money when you pay for a transaction in one currency and the transaction is paid out in another currency , which is based on the difference between the exchange rate at which the foreign currency is bought and the exchange rate provided to you .
wirecash leverages its proprietary fraud minimizing technology to provide the services of traditional offline money transfer companies online . the company believes its collection of preferred brands , along with its superior fraud prevention technology , is the core of its sustainable competitive advantage in the low margin / high - risk industry of online money remittance .
maxi money services president and ceo luis cerrilla said : “i’m very excited to announce our entrance into the wirecash money transfer marketplace . we can now leverage the online and mobile channel to serve a new segment of customers that we were not serving before . it is an excellent progression in the growth of our business . ”
“we’re thrilled to welcome cruz to our team during this exciting period of expansion for the company , ” said ran grushkowsky , ceo and co - founder of wirecash . “his experience developing and managing large - scale marketing campaigns within the money transfer industry positions him to have an immediate and significant impact on our growth . ”
in the course of using the services available through wirecash , you may be asked for your name , billing address , email address , and telephone number ( s ) . we may also collect certain sensitive payment information from you such as your bank account number , credit or debit card number , and date of birth .
the website , text , graphics , links , buttons , logos , and images , as well as all other wirecash patents , copyrights , trademarks , trade secrets , service marks , logos , and product and service names are owned exclusively by wirecash . you may not display , use , copy , or modify the wirecash intellectual property in any manner . you are authorized solely to view and retain a copy of the pages of our websites for your own personal , non - commercial use . you may not : ( i ) engage in or use any automated devices , data mining , robots , scraping or similar data gathering or extraction methods to access or use the service ; ( ii ) modify , copy , frame , scrape , rent , lease , loan , sell , distribute or create derivative works based on the service , in whole or in part , except that the foregoing does not apply to the information that you legally upload to the service ; ( iii ) remove or alter any author , trademark or other proprietary notice or legend displayed on our websites ( or printed pages thereof ) ; or ( iv ) infringe wirecash ' s or any third party ' s copyright , patent , trademark , trade secret or other intellectual property rights , or rights of publicity or privacy .
your security and the integrity of your account is a top priority and wirecash works hard to make sure that your information is secure . wirecash is a safe and convenient way to send money to family members and to other people that you trust . however , scams and fraudsters are abundant and we urge you not to send money to anyone that you do not know personally . in particular , you should be cautious of deals or offers that seem too good to be true . if you think you have been or might be a victim of fraud , please contact us immediately or if you are aware of anyone or any entity that is using the service inappropriately , please email us at customerservice @ urltoken with the words report fraud in the subject line of the email . if you receive any fake ( phishing ) emails purporting to be from wirecash , please also forward them to customerservice @ urltoken , also with the words report fraud in the subject line of the email .
, which works with multiple money transfer companies , allowing customers to choose the price / service best for them . currently with wirecash , girosol enables people to send money to russia or ukraine for ~ 4 % , with recipients able to pick up cash in us dollars at locations across the country in less than 24 hours .
fernando fayzano , ceo of pontual , commented ,
we are thrilled to join the wirecash money transfer marketplace and expand our reach to online customers . we can now provide pontual customers with another method to send money safely and efficiently to their loved ones in brazil , as well as to the rest of central and south america .
wrong information . if you provide us with the wrong information such as the wrong bank account , recipient information , registration information , etc , your funds may not be recoverable . we will attempt to recover the funds . however , in all cases payment is still due to wirecash and will be charged to your account or payment instrument .
limits . wirecash limits the amount of funds that can be sent through the various money transfer providers whose service we offer . new customers may send $ 500 for the first thirty ( 30 ) days . following thirty days , customers may send $ 2 , 999 / day and a total sum of $ 9 , 999 / month .
as a new customer , you can send a single wirecash transfer that’s $ 25 to $ 500 . once you complete a month as a registered user , your maximum transfer increases to $ 2 , 999 per day and $ 9 , 999 per month . looking to send more than $ 500 ? compare these transfer services without maximum limits .
prior to xoom , cruz worked at sigue corp . , a top offline money transfer brand , in various marketing and product management positions . this unique combination of skills and experience in both online and offline money transfers will help position wirecash and its partners at the center of all customers looking for greater selection and better choices when sending money .
collection . you understand that if you have an unpaid balance to wirecash and do not make satisfactory payment arrangements , your account may be placed with an external collection agency . you will be responsible for reimbursement of any fees from the collection agency , including all costs and expenses incurred collecting your account , and possibly including reasonable attorney’s fees if so incurred during collection efforts . in order for wirecash or their designated external collection agency to service your account , and where not prohibited by applicable law , you agree that wirecash and the designated external collection agency are authorized to ( i ) contact you by telephone at the telephone number ( s ) you are providing , including wireless telephone numbers , which could result in charges to you , ( ii ) contact you by sending text messages ( message and data rates may apply ) or emails , using any email address you provided and ( iii ) methods of contact may include using pre - recorded / artificial voice message and / or use of an automatic dialing device , as applicable .
u . s . residents send about $ 120 billion overseas each year , according to the world bank , and cooper said nearly 75 percent of that sum is processed through offline companies . wirecash’s mission is to make those money senders available the way most americans prefer to shop nowadays – via the internet – while taking a cut in the process .
“an online marketplace is the natural next step for customers looking to send money online . wirecash gives consumers greater transparency and access to the brands they know and trust - all from their smartphone or computer , ” stated cruz . “i’m excited to join the team and remain at the forefront of an important industry which benefits millions of people around the world . ”
you acknowledge that use of wirecash’s services and the user agreements of its money transfer providers shall be agreed upon electronically . unless otherwise required by applicable law , the following categories of information (
communications
) will only be provided by electronic means and not in paper format or through other non - electronic means : ( i ) these disclaimers , our privacy policy , money transfer provider user agreements and any amendments , modifications or supplements to them ; ( ii ) your records of transactions through the service ; ( iii ) any initial , periodic or other disclosures or notices provided in connection with the service , including without limitation those required by federal or state law ; ( iv ) any customer service communications , including without limitation communications with respect to claims of error or unauthorized use of the service ; and ( v ) any other communication related to the service or wirecash . electronic means may also include sms , or texting . you may receive sms alert messages for each transaction if you agree to receive sms messages from wirecash . message and data rates may apply when you receive sms messages on your mobile phone .
wirecash’s offering is unique in the marketplace as it allows customers to choose from sending money or directly paying their family member’s bills . for recipients , having a utility bill paid or their mobile phone minutes increased by family in the u . s . eliminates time spent traveling to and from a retail payment location , waiting in long lines , and carrying large sums of cash .
cruz brings more than 10 years marketing experience in the international money transfer industry . cruz comes to wirecash from xoom , a leading online money transfer provider , acquired by paypal in july 2015 . at xoom , cruz held numerous managerial roles and responsibilities , including driving customer acquisition for latin america , increasing loyalty across the entire customer base , and leading the market knowledge functions .
forum for disputes . except as otherwise agreed by the parties or as described in section 13 ( 3 ) above , you agree that any claim or dispute you may have against wirecash must be resolved by a court located in los angeles county , california . you agree to submit to the personal jurisdiction of the courts located within los angeles county , california for the purpose of litigating all such claims or disputes .
jonathan cooper , co - founder and ceo of wirecash commented , “the market for money remittance is highly fragmented . there are approximately 20 million money senders in the united states , annually remitting more than $ 120 billion outbound . nearly 75 % of the market is controlled by over 400 companies who are not currently operating online . we see tremendous opportunity in this space and are excited to announce our official launch . ”
in his new role , cruz will report directly to ceo and co - founder ran grushkowsky . cruz will focus on the development and execution of marketing initiatives . he will emphasize the promotion of the wirecash marketplace and it’s licensed money transfer partners who include the largest brands in the industry , and those who to date have never offered their services online . his efforts will engage new and existing customers across the us .
the competition was open to contestants from all over the world . a number of categories had been set up to help entrants determine the best attributes , including end user experience , innovative agent solution , back office solution , compliance and customer service – plus wider considerations such as social impact . a judging panel of industry colleagues selected the nominated entries and the winners . participants included wirecash , transferto , ping express , transfast , oklink and azimo .
you agree to indemnify and hold wirecash , its suppliers , vendors , service providers , and their respective subsidiaries , officers , agents , partners , employees , and consultants harmless from any claim or demand , including reasonable attorneys ' fees , made by any third party due to or arising out of your use of the service , your connection to the service , your violation of any applicable user agreement , or your violation of any rights of a third party .
“moneytun is a game - changing addition to our marketplace . their deep relationships within the eastern european community in the united states and abroad , position them for immediate online success , ” said ran grushkowsky , ceo and co - founder of wirecash . “the majority of eastern european countries are not adequately serviced online , if at all . together we are positioned to make a significant impact on online money transfers to important countries such as armenia , russia , and ukraine . ”
the company , which went live march 31 – but whose technology had been in the works for years – is a virtual marketplace that offers money - transfer services on behalf of a handful of remittance shops that don’t operate online . users in the united states can use wirecash’s website to send money from a checking account – and soon , a credit or debit card – to recipients overseas through partnerships with money - transfer companies , which provide the on - the - ground infrastructure in those destination countries .
consumers also benefit under this model , lemberger said . because wirecash allows senders to compare multiple money - transfer companies , it allows them to examine different prices and exchange rates , helping them make a more informed decision about the best way to send . furthermore , listing multiple services generates competition , prompting them to offer affordable prices and / or a higher quality of service . finally , he explained , “our technology allows money transfer companies to offer more competitive pricing , which can be passed on to consumers . ”
others . you may not submit or receive a transaction ( i ) on behalf of any other person , ( ii ) on behalf of a business or other non - human entity or ( iii ) on behalf of a charitable organization without wirecash ' s express consent . we may , at any time and in our sole discretion , ( a ) refuse any transaction , or ( b ) close multiple accounts held by an individual , persons related to the individual or persons living in the same household as the individual .
service providers . we work with the licensed money transmitters who in turn work with local banks , money exchange houses , and other third party service providers to pay funds out to recipients . you , in your capacity as a sender , hereby appoint your recipient as your agent for the purpose of receiving funds in connection with the service . we attempt to provide up - to - date information on our websites regarding the location , availability , and hours of our service providers . however , you agree that wirecash is not responsible for any inaccurate or incomplete information that may be posted on its websites .
we’ll add your $ 25 bonus automatically to your first transfer and $ 10 to your second transfer if you send $ 50 to up to $ 475 .
must send to eligible countries . visit our site for the updated version of eligible countries .
a cancellation of the transfer for any reason will render your recipient ineligible to receive the bonus .
should the cancellation be eligible for a refund , you will be refunded the sending amount excluding the bonus .
return customers who have submitted a successful transfer are not eligible for this promotion . a successful transfer is a transfer where funds deposited , delivered or were picked up by the recipient .
promotion cannot be combined with any other offer . by participating in this promotion , you are electing to become ineligible for any other offer or promotion .
as a user , you will subject to the terms and conditions , and privacy policy applicable to your transfer .
referee : we’ll add $ 25 bonus automatically to your first transfer between $ 50 and $ 475 and $ 10 to your second transfer of $ 50 or more .
have a different billing address and live in a different household than the referrer .
click on the link provided by the referee to create an account and must complete a first transfer with a send amount of at least 50 usd but not exceed 475 usd , excluding bonus , to receive the 25 usd bonus automatically on their first transfer .
after the referee completes a first transfer with a send amount of at least 50 usd , excluding bonus , the referee will receive a 10 usd bonus automatically on their second transfer .
a cancellation of the transfers for any reason will render the referrer and the referee ineligible to receive the bonus .
should the cancellations be eligible for a refund , you will be refunded the sending amount excluding the bonus .
return customers who have submitted a successful transfer are not eligible to be a referee in this promotion .
a successful transfer is a transfer where funds deposited , delivered or were picked up by the recipient .
your safety is our top priority . which is why we use the latest top - notch technology to protect and secure your financial information .
we’ll always show you who has the best rate and the lowest fee . because if we help you save , you’ll visit us again .
as an online service , you can send money without leaving your home . so you can say goodbye to standing in line or send while standing in line .
we do everything we can to have your funds sent to your recipient as fast as possible . occasionally , some events may affect the speed of service , including :
hours of operations / holidays : our partners , payers , and banks are around the world and may not be available when your transaction is sent for processing .
within the last few years , a number of startups looking to challenge the $ 400 billion - plus global remittance market have emerged . in an effort to reduce the fees incurred on migrant workers and people in developing countries ( which averaged about 8 percent in 2014 ) , young companies such as currencyfair , bitpesa , and worldremit host digital peer - to - peer payments at relatively little to no cost .
vice president of business development logan lemberger noted that offline companies represent the vast majority of the remittance market , which is most visibly represented by a small fraction of digital giants including xoom , moneygram , and western union .
the startup , lemberger contends , offers these companies a number of advantages : it modernizes them with a digital presence without requiring them to invest much in technology or in adapting to an online business model . furthermore , these remittance services gain customers who might not have found them otherwise .