It has Never Been Easier and More Rewarding to Sell Diamonds for Cash

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If you have ever tried to sell diamonds for cash at a traditional jewelry store, you may well have experienced frustration, confusion and major disappointment.

In many cases, jewelry stores will not even look at your diamond before turning you down, while others will give you the lowest possible price. Luckily, there is a better way to sell your diamonds and that way is iPawn. iPawn is a unique online jewelry store and pawn shop that is dramatically different from both jewelry stores and traditional pawn shops. Here at iPawn, your diamonds are always welcome and you will enjoy first-class customer service. iPawn answers the call that has long been resonating with customers the world over.

iPawn vs. Jewelry Stores
The problem with selling your diamonds at traditional jewelry stores is that most of these stores purchase their diamonds from wholesalers. The price of wholesale diamonds is much lower than the price they are sold at a jewelry store. In addition, wholesalers will lend diamonds to a jewelry store in the hope that a customer will purchase the diamond. This means that a jewelry store will only purchase your diamond if the price is far lower than the price of an equivalent wholesale diamond. This automatically puts you on the back foot, and instantly tempers your expectations.

In general, jewelry stores only purchase specific types of diamonds based on their current inventory. If your diamond is similar to others the store has in stock, they will probably not be interested in purchasing it. iPawn however is quite different in that we will accept nearly all diamonds. iPawn does not work with wholesalers so the diamonds we receive only come from customers. Essentially, this means that regardless of the type of diamond, you can sell it at iPawn. Because we operate online, we also have a much larger customer base than traditional jewelry stores. This makes it easier for us to re-sell your diamond as we are not constrained by a land-based location. The internet superhighway is accessible to anyone and everyone.

Skip the Traditional Pawn Shop
While you won’t face the same problems of selling diamonds at a traditional pawn shop as you would at a jewelry store, you are likely to experience difficulties. Most traditional pawn shops concentrate on pawning your item rather than selling it. When these pawn shops sell diamonds or any other item, they do so as quickly as possible in order to generate a profit on the item. For these shops, it is quite risky to offer a considerable price on any one item so you will likely only be able to sell diamonds for cash at an extremely low price. Clearly this is not what you’ve got in mind, so it’s best to consider your options.

Additionally, most traditional pawn shops do not have a professional gemologist to evaluate your diamond. Your diamond will only be evaluated through a visual inspection, a test to verify its authenticity and a measurement to determine its carat weight. If you have a high quality diamond, its value will never be realized or evaluated by a traditional pawn shop. At iPawn, we have a team of professional gemologists who are highly trained to verify the diamond’s cut, color, clarity and carat weight. Your diamond will undergo a rigorous appraisal process so you can get the best possible appraisal price. While second-hand diamonds are not as highly valued as new diamonds, you will still be able to get a considerably better price for your diamond at iPawn than at a land-based pawn shop or jewelry store. If you are looking for a better way to sell your diamond then iPawn is the place for you.

Selling your diamonds should not be burdensome or frustrating anymore!

iPawn in Forbes.com – Could Online Pawns Fund Your Business?

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Forbes.com posted a great piece about Online Pawn Shops, and iPawn.com is featured as well.
Could Online Pawns Fund Your Business?

Online pawn shops are a means of getting cash into a company’s hands efficiently and quickly– loans typically close within 24 hours and do not require a credit check or submission of financial documents – which many small businesses find attractive.

Here’s how an online pawn transaction typically looks: First, the customer provides the pawn broker with preliminary information about their item and receives an estimate. The customer then ships their item to the pawnbroker for inspection – typically at the pawnbroker’s expense. Once the customer’s item is inspected, the pawnbroker gives a final offer. If the customer accepts the offer and signs the contract, the pawn broker sends the customer funds via bank transfer. The entire process typically takes less than 24 hours. Once the customer pays back the loan, the pawn broker ships the item back.

Read the article here

iPawn Names Kfir Biton Chief Marketing Officer

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We have just issued a Press Release with great news:

iPawn, a leading lender of low-interest, asset-based, online loans, today announced that Kfir Biton, former director of Consumer Marketing at Dragonfish, has joined their team as Chief Marketing Officer.

Biton’s appointment follows iPawn’s recent round of funding. Thus far, the licensed online pawn shop raised their overall investment to $4 million. As CMO, he will be charged of the overall short and long term marketing strategy as well as establishing the company brand in a marketplace that is cluttered with competitors both large and small.

Founded in December 2011, iPawn was created to serve middle-class Americans and entrepreneurs looking for fast, secured and convenient low-interest loans against their collateral. iPawn approves loans in less than one hour with its highly sophisticated backend office and provides its customers with complete confidentiality and highly competitive loan terms – as low as one percent interest.

iPawn accepts many items as collateral including jewelry adorned with diamonds or other precious stones, pearls, branded watches and precious metals in bullion or coin form.

“Kfir’s appointment is part of iPawn’s continued development as a company,” said Ben De-Kalo, CEO of iPawn. “We will look to him to refine our position within the market and work alongside the team to expand our market share and establish iPawn as a leading financing provider within the asset based loans market.”

“I’m very excited to join a company that is able to solve people’s every-day financing needs and make their life better,” said Kfir Biton. “It is a great business with significant opportunities in a rapidly changing marketplace. I am looking forward to working closely with the iPawn team, take the marketing reins and continue the company’s momentum and fulfill its significant potential.”

Biton previously served as director of consumer marketing at Dragonfish, the B2B arm of 888Holdings, a leading provider of online gaming solutions. During his tenure, Kfir was responsible for driving revenue growth through Player Acquisition, CRM and VIP management. Kfir worked with strategic partners to define brand strategy and positioning, plan new brand launches, and orchestrate online and offline marketing campaigns throughout the globe.

Prior to joining Dragonfish, Kfir co-founded a successful high-end technology start-up company and worked as a Venture Capital consultant. He brings with him more than ten years of experience in management, business development, product and technology roles.

The Rise of Online Pawn Shops

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A great new article was just posted over at the Huffington Post Business Canada, titled “The Rise of Online Pawn Shops“.
In this article Steven Uster recognizes the hot new trend of Online Pawn Shops and the great value and new possibilities it presents to people:

“In recent years we’ve seen the growth of two market realities that have now come together to create one new and fast growing industry. The first is people’s increased comfort with online financial transactions. With better security and growing adoption of online banking and payment, people are increasingly tending to their financial interests through the Internet.

The second is a rise in the pawn industry as people look to sell off personal items in order to do any number of things from pay off debts to maintain lifestyle, to grow new businesses where other financing avenues are not available to them. Together — the Internet for financial transactions and the need to leverage personal assets — have paved the way for a new model of online alternative financing that’s taking off in the U.S., the UK, and now in Canada.

There are many situations where using your personal assets — such as gold, jewelry, precious metals, diamonds or luxury watches — as collateral for a loan can make sense to actually save you money in your daily life. Perhaps it’s an unexpected expense that’s come up, or the need for a bridge to tide you over between one financing option and the next. Whatever the scenario, when you possess items of value, the ability to leverage their worth is one of the growing number of alternative financing options available.”

Read the whole article

Reinventing the Pawn Shop

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The new Online Pawn Shop financing option is getting noticed more and more, and this time Time.com has taken notice.

Time Magazine Logo

The article mentions some of the leading online pawn shops, and iPawn.com is mentioned as well.

“..the benefit of the loans is they typically come with no strings attached. “In the event of default the borrower loses the item rather than being subject to wages garnered or other legal actions,” says Tom Feltner, director of financial services at Consumer Federation of America.

Read the whole article

The pawn shop has gone digital; and it’s paying off for customers

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Brian Banmiller posted a great post about iPawn on his blog BanmilleronBusiness.com today.
Brian writes about the iPawn Online Pawn Shop, and interviews Ben De-Kalo, iPawn’s CEO.

“iPawn is the modern version of a traditional brick-and-mortar pawn shop. They enable consumers to obtain short-term, asset-based loans conveniently and securely. With interest rates as low as one percent, depending on the amount loaned, iPawn is a solution to immediate borrowing needs of small business owners and individuals. iPawn is registered and licensed by the Texas Office of Consumer Credit Commissioner.”

Read the whole article at BanmilleronBusiness.com

iPawn.com in the New York Post

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An interesting article titled “New pawn shops court high-end borrowers” featured in the New York Post, a very interesting perspective is offered regarding Online Pawn Shops.

iPawn CEO Ben De-Kalo has been quoted in the article:

“We can keep our interest [rates] incredibly low because we lend out more cash we’d otherwise pay in overhead”

Read the whole article at the New York Post

Special Holiday Offer from iPawn: Enjoy an Extra $50 Cash for Each Item You Pawn

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Check out iPawn’s $50 free cash Christmas promo, Just visit our web site, upload an item you wish to Pawn, and receive extra $50 cash on top of your transaction.

iPawn Special Holiday Offer

With a collection of satisfied customers already singing their praises, iPawn opened their virtual doors to the general public and began providing short-term, asset-based loans to small businesses and consumers.
In response to the credit crunch and current lending climate, iPawn is making it possible for average consumers and small business owners to gain access to immediate financing. iPawn is the answer for the thousands of people who are experiencing difficulty in obtaining a line of credit, a home-equity loan, or just a basic cash loan from a bank. iPawn’s fresh, modern approach to lending enables individuals to use their physical assets as collateral in securing a loan—without having to walk into a traditional brick-and-mortar pawn shop or borrow money from high interest rate payday lenders.

“Everyone has gold, diamonds and other family heirlooms that sit in a safe deposit box collecting dust. iPawn is making it possible for consumers to put those valuables to work as collateral for low-interest rate loans,” said Ben De-Kalo, CEO and co-founder of iPawn. “Online asset-based loans give consumers and business owners another option for borrowing money when bank loans are denied or turnaround time is an issue.”

iPawn differs from other online pawn businesses because the company’s process is completely transparent. iPawn’s estimated evaluations of merchandise is done solely by an experienced appraiser and never through an automated computer response. Therefore consumers get a more accurate estimate online that will be very close or equal to the hands-on appraisal given once iPawn receives the merchandise.

How iPawn Works

Interested customers fill out a simple online questionnaire regarding their item and submit a high resolution photo. An agent is constantly available via phone or instant message to answer any questions. Within an hour, an iPawn appraiser evaluates the item and provides competitive loan terms and a buy price, along with a pre-paid FedEx label. If the customer agrees with the terms or buy price, they ship the item to the iPawn offices in Texas where it is further physically evaluated. Payment is sent to the customer on the same day the package arrives, usually via electronic bank transfer, PayPal or cashable check. If the customer chooses to pawn the item, he/she then repays the loan over a prearranged payment schedule. As long as the customer continues to make interest payments, the loan can be extended up to one year. Every effort is made to allow the customer to reclaim his/her item, including extended grace periods for payment. iPawn maintains a flexible relationship with the client, so if he/she decides to ultimately sell the item, the terms of the arrangement can be amended.

About iPawn

Headquartered in Tyler, Texas, iPawn is the modern version of a traditional brick-and-mortar pawn shop enabling consumers to obtain short-term, asset-based loans conveniently and securely. With interest rates as low as one percent, depending on the amount loaned, iPawn is a solution to immediate borrowing needs of small business owners and individuals. iPawn is registered and licensed by the Texas Office of Consumer Credit Commissioner and 100 percent insured.

Selling your item to iPawn

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To get top dollar for your valuable items, you need to know the pros and cons of all your options. Many of our customers have come to us after trying to sell on eBay and other similar sites. To help you compare the sales experience at iPawn to that of eBay, we have put together the following table based on our customers’ feedback as well as our own research.

Sales Issue eBay iPawn
Pricing Your Item Pricing is set by the seller, and can be tricky. Price your item too high, and no one will be interested. Price your item too low and you’re leaving money on the table. Your item is evaluated and appraised by a professional. You always get your item’s exact worth, along with an explanation of the appraisal.
Managing the Sale There is a learning curve for successfully managing sales via eBay. Getting a good price on eBay requires a lot of information, effort and hassles. Selling your item to iPawn is simple. There’s no lengthy process and nothing to learn. Dedicated account managers help each customer through the process as needed.
Shipping Your Item eBay does not cover shipping, which means that you have to deal with both logistics and costs. And don’t forget about the insurance. The shipping and insurance costs can make or break a sale. Shipping is a breeze. iPawn takes care of the entire process and cover express overnight shipping costs. We provide you with the FedEx shipping label. In addition, we fully insure your item throughout the process.
Fees It’s not easy to understand eBay’s fee structure, especially for first-timers. Often it only becomes apparent after the sale that eBay’s fees cost you as much as 20% of the sale price! At iPawn, what you see is what you get – there are no hidden fees or costs. When you receive a buy offer from iPawn, that’s the exact amount that you will get from the sale of your item.
Can You Trust the Buyer? On eBay you never know who your buyer is. You have to deal with several potential buyers and answer their questions. Even after you’ve closed a deal, there are still no guarantees that your buyer isn’t scamming you. When it comes to trust, iPawn is a no-brainer. We are registered and licensed by the State of Texas, Office of Consumer Credit Commission (OCCC). All pawned and sold items are fully insured by the Delta Lloyd insurance company. We are audited by Ernst & Young and registered with the BBB.
Buyer Changes Their Mind On eBay, even after selling your item, a buyer might change their mind or decide to return your item to you, based on eBay’s return policy. Either way you lose. Doesn’t happen at iPawn -once the transaction is complete, you always get your money! We never renege on a deal, so you can rest assured that a sale is really a sale.