BidPay

BidPay was an online auction payment service website, established in 1999 by Steve Chin and Marek Bradbury that allowed auction buyers to purchase money orders online using their credit card. BidPay was purchased by First Data Corporation/Western Union in 2001 for an undisclosed sum. BidPay was rebranded as "Western Union Auction Payments" in 2003 which led to confusion with Western Union's wire transfer services; the online auction payment service reverted to the BidPay name in 2004. BidPay ceased operations on 31 December 2005 and was purchased for US$1.8 million in March 2006 by CyberSource Corporation, which announced its intention to relaunch BidPay. BidPay had over 4 million registered users worldwide at that time.