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while in an online pawn shop the process is conducted through the internet and a courier of choice. The low inventory overhead results in the ability to provide higher value and lower interest rates. Another notable difference is the appraisal process of the submitted valuables: in a brick and mortar pawn shop, the appraisal is done in the local shop itself while in an online pawn shop, all items are shipped to a central facility where the appraisal is made.
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Money Watch discussed how iPawn caters to affluent individuals and families that don't need money immediately but want a more sizable loan to help their cash flow. In an article published in July 2013, Reuters discusses the benefits of the purely online transactions carried out by iPawn, focusing on
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While services provided by a brick and mortar pawn shop are similar to those provided by the online ones, there are few main differences: most notably, the means by which services are rendered. In a brick and mortar pawn shop, the process of receiving a loan or selling a valuable is done in person
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is a company that specializes in providing financial solutions through the acquisition of gold items. They offer a service that allows individuals to sell gold articles for cash, such as jewelry and coins. The company primarily serves individuals looking to convert their gold into cash quickly and
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industry and to serve as a high-end pawn broker, delivering a simple, private way to get loans or sell high end goods through the internet. The idea came after learning about the high interest rates charged by pawn shops. The company launched its services to the public in July 2012. In March 2013
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Consumers and small enterprises can receive lending and retail services. iPawn offers its services in exchange for high-end products like jewelry, diamonds, gemstones, precious metals and expensive watches.
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Non-recourse loans against valuables, also referred to as pawn loans or asset-based loans, and buying and selling previously owned valuables, are the two primary services offered by iPawn.
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iPawn closed $ 4 million in its second round of financing from a group of angel investors led by Dr. Rafi
Gridron. On May 12, 2014 iPawn announced the launch of a new brand called
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In
December 2012, NuWire Investor provided a detailed layout of the upscale online pawn industry and its move away from the originally bad stigma attached to pawn shops.
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Describes in an article published
January 2013 how small business are turning to pawn shops for short-term loans, a better suited alternative to traditional bank loans.
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New
Zealand published an article in March 2013 shedding light on the new world of online pawn shops and what to expect when utilizing their services.
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brought into focus the story of a dentist who chose to use iPawn to sell family jewelry instead of a traditional bank loan.
225:(OCCC). Additionally, iPawn holds a precious dealer certificate, also granted by the Texas OCCC. iPawn is accredited by the
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iPawn was established with the purpose of utilizing the latest technologies and internet for the veteran
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wrote about the appeal of high-end online pawn shops from small business owners to wealthy celebrities.
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Business and
Finance discussed the reinvention of the pawn industry and its transition to the internet.
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Sits down with iPawn COO in
December 2012 to talk about bringing the pawn shop online.
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and ParcelPro to provide insured shipping services. iPawn also partnered with
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the desired discretion amidst the negative stigma of pawn shops.
612:"Pawn Shops Go Upscale: Is This a Good Way to Score Extra Cash?"
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643:"Online pawn shops offer financing option for small business"
419:"Online Pawn: a Booming Business Luring Upscale Customers"
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in the same year to provide insurance to its facilities.
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175:. iPawn raised over $ 4 million in investment in 2013.
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585:"High-end pawn shops solve small business cash crunch"
50:, and by adding encyclopedic content written from a
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208:Brick & Mortar Pawn Shop Vs. Online Pawn Shop
770:Financial services companies established in 2011
221:iPawn is a licensed pawn shop certified by the
610:Stephanie Taylor Christensen (May 21, 2013).
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223:Texas Office of Consumer Credit Commissioner
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389:"New pawn shops court high-end borrowers"
70:Learn how and when to remove this message
528:"High-End Pawnshops Cater To Asset-Rich"
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780:Internet properties established in 2011
722:Laurie Kulikowski (December 21, 2012).
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31:contains content that is written like
697:"ETL: The revolution of online loans"
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775:Retail companies established in 2011
204:dealing only in after-market sales.
695:Angela Berry (December 13, 2012).
641:Jennifer Lade (January 18, 2013).
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237:iPawn has partnered in 2012 with
583:DEBORAH L. COHEN (2 July 2013).
552:Geoff Williams (14 March 2013).
447:Geoff Williams (14 March 2013).
417:Laurie Kulikowski (2012-12-18).
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501:"Active Precious Metal Dealers"
387:Paul Tharp (26 December 2012).
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335:Insights, CB (May 26, 2024).
785:2011 establishments in Texas
724:"Online Pawning Goes Uptown"
647:Southcoast Business Bulletin
558:U.S. News & World Report
453:U.S. News & World Report
297:Later in December 2012, the
670:"Reinventing the Pawn Shop"
618:. Learnvest. Archived from
560:. U.S. News. Archived from
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668:Sarah Max (Jan 17, 2013).
554:"Pawn shops go mainstream"
449:"Pawn Shops Go Mainstream"
217:Licenses and Accreditation
171:securely. It is based in
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730:. NuWire. Archived from
357:Staff (March 14, 2013).
674:Time Business and Money
227:Better Business Bureau
649:. southcoasttoday.com
52:neutral point of view
734:on 12 December 2013
622:on 14 December 2013
564:on 13 December 2013
507:on 13 December 2013
481:on 13 December 2013
359:"iPawn Raises $ 4M"
316:Arrowhead Pawn Shop
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44:promotional content
728:Nuwireinvestor.com
46:and inappropriate
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173:Tyler, Texas
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119:Tyler, Texas
115:Headquarters
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60:January 2014
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42:by removing
38:Please help
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701:kektnbc.com
589:Reuters.com
537:30 December
455:. U.S. News
243:Delta Lloyd
197:pawnbroking
760:Pawn shops
754:Categories
738:9 December
707:9 December
680:9 December
653:9 December
626:9 December
595:9 December
568:9 December
511:9 December
485:9 December
459:9 December
429:9 December
399:9 December
393:nypost.com
369:9 December
341:CBInsights
322:References
311:Pawnbroker
101:Pawnbroker
40:improve it
591:. Reuters
365:. Reuters
263:LearnVest
532:Bankrate
305:See also
179:Services
144:reseller
135:Services
337:"IPawn"
191:History
107:Founded
676:. Time
363:PE Hub
202:Worthy
157:.ipawn
703:. NBC
287:KETK
269:Yahoo
239:FedEx
168:iPawn
83:iPawn
740:2013
709:2013
682:2013
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597:2013
570:2013
539:2019
513:2013
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282:TIME
159:.com
110:2011
289:NBC
255:MSN
155:www
150:URL
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