Providing All-In-One E-Commerce Services
Founded in 2013, My Business Venture is an e-commerce business services provider launched by the former manager of E-Commerce Exchange‘s New York office.
My Business Venture Payment Processing
My Business Venture primarily offers turnkey online stores alongside web hosting and marketing services to its customers, but it can also supply credit card processing for customers who ask for it. A My Business Venture representative has stated that the company does not advertise merchant accounts or seek new credit card processing business and that the company refers all customers who are interested in a merchant account to i3 Verticals. In terms of listed payment services, My Business Venture advertises EMV card readers and swipers, POS solutions, mobile payments, MOTO, B2B, and access to the Authorize.Net payment gateway.
As an online store provider, My Business Venture offers many of the same services as Shopify or BigCommerce, but a major difference between it and its competitors is that My Business Venture comes with a ready-to-go inventory of more than 14,000 products for new users to sell. This means that its target user is someone who does not already operate a business but would like to jump right into e-commerce.
My Business Venture Location & Ownership
My Business Venture is headquartered at 732 Smithtown Bypass #302, Smithtown, New York 11787, and does not list its acquiring bank. Since our last update, Joseph Kilgannon has stepped down as the president and now serves as vice-president of My Business Ventures. Thomas Stridiron is the current president and CEO of My Business Venture.
My Business Venture Review Table of Contents
- Costs & Contract: My Business Venture offers 4 different plans through i3 Verticals for merchant accounts. It also offers Authorize.Net and Pay-Me-Now Virtual Payments as payment gateway options.
- Complaints & Service: My Business Venture has received fewer than 10 public complaints.
- BBB Rating: My Business Venture has an “A+” rating and has received 17 complaints and 0 reviews in the past 3 years. The company has been accredited by the Better Business Bureau since 2009.
- Sales & Marketing: My Business Venture does not appear to hire independent sales agents and has received some complaints about its sales practices.
8 Responses
Unless you are extremely patient and 1000% proficient with all of today’s technology and how to use it consistently, I would stay away from this. Everyone shops on Amazon or Spotify anyway. My biggest issue with MBV was the products. They are not exactly eye-opening products (for example 16GB tablet) Who buys 16GB?? Lol. Prices are high too. Don’t get sucked in by Jason, who reminded me of a professional used car salesman. He’ll hound you to buy in, no matter your experience. He’s got numbers to make. So you can see why he’s on top of you to buy and upgrade to buy even more… then he’ll become less friendly with you once he has your money. Don’t ever bother contacting the CEO. He or she is totally non-existent.
They’re not worth it. They claim that they will be there for you each and every time but when you try to call them to talk about a problem they need to resolve, they use their secretaries to push you off. They send you to voice mail and it’s a never ending complaint. They also have outdated and over priced products because they use outdated suppliers. They outsource the management of your site so you really don’t know who has access to the site. There is a lot of sensitive information on there such as your customer’s addresses and card info.
When you try to send them email, they claim it went to their junk mail. They’re totally unprofessional. Once they deem you as a problem, they try to avoid you as possible when the problem lies within their organization. It’s sad because they have the potential to be a great company, however, they lack what is needed most. Customer/client support. Only if you’re paying them with their useless coaching, then they will talk with you. Other than that, you’re really on your own.
They sell you in the beginning with their social media management services which could be done by a 5th grader if you want real honesty. If you’re doing this, don’t bother. You can post and use one of the free social media calendar posts yourself. You don’t get much engagement from their posts. You’re lucky if you can get 20.
Their outdated tips on how to get customers is another joke that you can find anywhere and it’s nothing special. In fact a lot of the suggestions they use are already outdated and no longer exist. They never updated it so that tells you a lot about their company.
The site is slow to start and there is heavy security on it unless they outsource it to other countries (like India) so if you want to sell outside of the USA and Canada, you will not be able to since you will get an error message. You will also get an error message if you should use a VPN. This is possibly due to security reasons and it’s understandable but you can lose potential customers who are looking to protect their network.
They also sell you old sites that were once owned by others so you have many “sales” from the past.
There are other drop shippers you can go to and websites you can use instead of wasting your money with them.
The reason why there aren’t that many complaints is because from the past there’s nothing that can be done about it so why waste your time? As they say, there’s a sucker born every minute, Let’s just hope you’re not one like me
They get an F- from me.
Hi. I was reading your view about (MBV) Do you think if someone start with the gold package the will find a better result from them?
No. You’re just wasting more money. If that’s what you want, then sure go for it. I personally would stay away from them. You can always do shopify which is much cheaper. The drop shippers you see out there are just merchants like you that are selling you their products that they get from the same place ( you think they’re cheaper but they get you on the added shipping costs and fees). The main branch does not accept anymore new accounts. That’s the source the majority of them use.
Just note with any online selling, you will not start selling right away no matter what anyone tells you. It takes time and you have to build your brand with trust. When dealing with drop shippers, a lot of them are totally automated and their customer service is VERY POOR. I wish you luck in your entrepreneurial journey.
PLEASE TO EVERYONE WHO WANT TO OPEN ONLINE BUSINESS. DO NOT LET ANYONE PUSH YOU BY TELLING YOU ‘OPEN NOW YOU WILL START SELLING’ without you asking everything that contains. I am using myself as an example, I regretted ever listening to JASON one of MBV agents. After pushing, I listened to him, saying “it’s black Friday, open now so you don’t missed out” I opened with almost $4000.00 with no sales up till now. Except him asking me to pay more and charging almost $70.00 every month with zero sales. RIGHT NOW I’M ONLY THINKING OF JUST LOSING THE MONEY INITIALLY PAID THAN TO CONTINUE PUTTING MONEY TO WHAT IS NOT CERTAIN. THEN COMPARING THEIR PRODUCT WITH SAME OTHERS SELLING ONLINE TOO, the price is ALMOST TWICE AS THAT ONE. I TALKED TO JASON ABOUT IT, NO CONCRETE ANSWER.
Moreover after 3days of paying them you cannot recover your money back. I bet you you will not know all the back up until after 3 days.
PLEASE FOR THOSE SEEKING FOR THIS KIND, THINK VERY WELL, SEARCH VERY WELL BEFORE YOU PUT YOUR MONEY THAT IS SO HARD TO EARN. THANKS.
Thank you for your review. I was just about to sign up with this company, but decided to google reviews first. I am so glad I did. You just saved me money and time, Thank you, and God bless you.
I appreciate your review on this company. I was seriously considering signing up until I read your comments.
Good luck!
Thank you. I was wondering why the push to buy now was so hard. I got the same speech about Black Friday, but I don’t see where they merchandise sold is listed and when I asked a third time I was told go read the email they sent me initially.