PAID, Inc. was founded in 1999 focusing on web-development and online auctions. A key aspect to our success with our clients online presence is our unique and innovative shipping calculator. We created this proprietary service, AuctionInc, a suite of online shipping and tax management tools providing accurate shipping and tax calculations and packaging algorithms that provide customers with the best possible shipping and tax solutions.
The Company recognized the potential importance of the calculator and filed for a patent before launching it to the public in April of 2002. The Company obtained its first patent on the shipping calculator in January 2008, the second patent in April 2011, the third patent in January 2013 and the fourth patent August, 2013. The product is modular based and we continue to develop new tools and products for our customers.