Borderfree (BRDR) 10-Q 7 May 15 2015 Q1 Quarterly report Financial data

Document_Entity_Information_Do

Document Entity Information Document	3 Months Ended
	Mar. 31, 2015
Entity Information [Line Items]
Entity Registrant Name	Borderfree, Inc.
Entity Central Index Key	1277141
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Common Stock, Shares, Outstanding	32,050,730
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Cash and cash equivalents	$72,301	$99,188
Investments	20,430	27,555
Receivables, Net, Current	12,131	18,031
Prepaid Expense and Other Assets, Current	3,247	3,736
Total current assets	108,109	148,510
Restricted Cash and Cash Equivalents, Noncurrent	458	482
Property and equipment, net	10,513	10,310
Goodwill	10,318	265
Intangible assets, net	14,952	957
Other assets	1,202	1,193
Total assets	145,552	161,717
Trade payables	17,648	30,483
Other Liabilities, Current	9,200	11,181
Deferred revenue	1,121	1,781
Total current liabilities	27,969	43,445
Deferred Tax Liabilities, Gross	2,353	0
Other long term liabilities	1,970	1,845
Total liabilities	32,292	45,290
Common stock, $0.01 par value; 200,000,000 shares authorized at March 31, 2015 and December 31, 2014, respectively; 32,290,250 and 32,187,236 shares issued at March 31, 2015 and December 31, 2014, respectively; 32,050,730 and 31,947,716 outstanding at March 31, 2015 and December 31, 2014, respectively	323	322
Additional paid in capital	137,672	136,260
Accumulated Other Comprehensive Income (Loss), Net of Tax	1	-19
Treasury stock, at cost	-600	-600
Accumulated deficit	-24,136	-19,536
Total stockholders' equity (deficit)	113,260	116,427
Total liabilities, convertible preferred stock and stockholders' equity (deficit)	$145,552	$161,717

Consolidated_Balance_Sheets_Co

Consolidated Balance Sheets Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Trade receivables, net of allowances	$40	$40
Common Stock, Par or Stated Value Per Share	$0.01	$0.01
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	32,290,250	32,187,236
Common Stock, Shares, Outstanding	32,050,730	31,947,716

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue	$24,784	$26,514
Cost of revenue	15,431	17,187
Technology and operations	4,193	2,765
Research and development	2,599	1,789
Sales and marketing	3,137	2,577
General and administrative	3,973	3,358
Total operating expenses	29,333	27,676
Loss from operations	-4,549	-1,162
Interest and other income, net	57	138
Loss on change in fair value of warrants	0	-964
Income (loss) before income taxes	-4,492	-1,988
Provision for income taxes	108	53
Net loss	($4,600)	($2,041)
Basic	($0.14)	($0.27)
Diluted	($0.14)	($0.27)
Basic	31,985,667	7,626,102
Diluted	31,985,667	7,626,102

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss Statement (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net loss	($4,600)	($2,041)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	20	0
Other Comprehensive Income (Loss), Net of Tax	($4,580)	($2,041)

Consolidated_Statement_of_Shar

Consolidated Statement of Shareholders' Equity (Deficit) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]
In Thousands, except Share data
Additional paid in capital at Dec. 31, 2014	$136,260		$136,260
Treasury Stock, Shares at Dec. 31, 2014	-239,520
Common Stock, Shares, Issued at Dec. 31, 2014	32,187,236	32,187,236
Common stock, $0.01 par value; 200,000,000 shares authorized at March 31, 2015 and December 31, 2014, respectively; 32,290,250 and 32,187,236 shares issued at March 31, 2015 and December 31, 2014, respectively; 32,050,730 and 31,947,716 outstanding at March 31, 2015 and December 31, 2014, respectively	323
Accumulated Other Comprehensive Income (Loss), before Tax	1
Net loss	-4,600
Exercise of Stock options	100	1	99
Exercise of Stock options		103,014
Stock Issued During Period, Value, Share-based Compensation, Gross	1,313		1,313
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	20
Total stockholders' equity (deficit) at Mar. 31, 2015	113,260
Accumulated deficit at Mar. 31, 2015	-24,136
Treasury Stock, Value at Mar. 31, 2015	$600

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net income (loss)	($4,600,000)	($2,041,000)
Stock-based compensation	1,289,000	562,000
Forgiveness of notes receivable from stockholders	0	396,000
Loss on change in fair value of warrants	0	964,000
Depreciation and amortization	1,643,000	710,000
Loss on employee rights upon retirement funds	-11,000	0
Decrease in trade receivables	5,900,000	4,310,000
(Increase) decrease in prepaid expenses and other	254,000	-732,000
Decrease in trade payables	-12,872,000	-8,245,000
Decrease in accrued expenses and other	-2,580,000	-1,493,000
Increase (decrease) in liability for employee rights upon retirement	41,000	36,000
Net Cash provided by (used in) operating activities	-10,936,000	-5,533,000
Restricted cash and deposits	24,000	-14,000
Purchase of property and equipment	-191,000	-479,000
Payments to Acquire Businesses, Net of Cash Acquired	-21,957,000	0
Proceeds from Sale, Maturity and Collection of Investments	7,000,000	0
Payments to Acquire Intangible Assets	-231,000	0
Capitalized internal use software	-954,000	-1,298,000
(Increase) decrease in funds in respect of employee rights upon retirement	-24,000	-26,000
Proceeds from sale of business	287,000	181,000
Net cash used in investing activities	-16,046,000	-1,636,000
Proceeds from initial public offering, net of underwriting discounts and commissions	0	85,561,000
Offering costs	0	-636,000
Proceeds from exercise of stock options	100,000	1,000
Repayments of notes receivable from stockholder	0	33,000
Payments of capital leases	-5,000	-18,000
Net cash provided by financing activities	95,000	84,941,000
Increase (decrease) in cash and cash equivalents	-26,887,000	77,772,000
Balance of cash and cash equivalents at end of period	72,301,000	121,371,000
Cash paid for interest	0	3,000
Cash paid for taxes	142,000	150,000
Non-cash capital expenditures	256,000	45,000
Deferred Offering Costs	$0

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Description of Business and Summary of Significant Accounting Policies
	Description of Business
	Borderfree, Inc. (the “Company” or “Borderfree”), formerly known as FiftyOne, Inc., was incorporated on November 3, 1999 and commenced operations on January 1, 2000. The Company is a market leader in global ecommerce, operating a proprietary technology and services platform to enable U.S. retailers to transact with international shoppers, which the Company refers to as consumers, in more than 100 countries and territories worldwide. The retailers and brands, which the Company refers to as their customers, that integrate the Company’s solution use the highly scalable Borderfree platform to develop a seamless global ecommerce business across web, mobile and in-store channels. Borderfree manages all aspects of the international online shopping experience, including global marketing solutions, optimized website localization, international trade compliance, multi-currency pricing and payments, cross border logistics, and multi-lingual customer care while fully maintaining the integrity of our retailer's brand, enabling them to deliver a truly local consumer shopping experience.
	In January 2015, the Company acquired 100% of the equity of Bundle Tech Limited ("Bundle Tech") (see Note 2—Business Combination).
	On May 5, 2015, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Pitney Bowes Inc., a Delaware corporation (“Parent”), and BrickBreaker Acquisition Corp., a Delaware corporation and a subsidiary of Parent (“Purchaser”), pursuant to which, among other things, Purchaser will commence a tender offer for all the outstanding shares of the Company’s common stock, par value $0.01 per share (the “Shares”), subject to the terms and conditions of the Merger Agreement.  Following the consummation of the tender offer, and subject to the satisfaction or waiver of certain conditions set forth in the Merger Agreement, Purchaser will be merged with and into the Company, with the Company continuing as the surviving corporation as a subsidiary of Parent.
	Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Purchaser will commence a cash tender offer to purchase all of the outstanding Shares, at a purchase price of $14.00 per Share, net to the seller thereof in cash, without interest and less any required withholding taxes.
	Each of the Merger Agreement, the tender offer, the Merger and the transactions contemplated by the Merger Agreement was unanimously approved by the Board of Directors of Borderfree.  The Board of Directors has also recommended that the Company’s stockholders accept the offer and tender their Shares into the tender offer.
	The Merger Agreement contains certain termination rights for both Borderfree and Parent and further provides that, upon termination of the Merger Agreement under certain circumstances, Borderfree may be obligated to pay Parent a termination fee of $17.0 million.
	Initial Public Offering
	In March 2014, the Company closed its initial public offering, or IPO, of 5,750,000 shares of common stock, which included 750,000 shares sold pursuant to the underwriters' option to purchase additional shares, at an offering price of $16.00 per share. The Company's shares are traded on NASDAQ under the symbol "BRDR". The Company received proceeds from the IPO of $85.6 million, net of underwriting discounts and commissions, but before offering expenses of $3.2 million.
	Basis of Presentation and Significant Accounting Policies
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") applicable to interim periods, under the rules and regulations of the United States Securities and Exchange Commissions ("SEC"), and on a basis substantially consistent with the audited consolidated financial statements of the Company as of and for the year ended December 31, 2014. In the opinion of management, all adjustments, all of which are of a normal recurring nature and necessary for a fair statement of the results of operations for the interim periods presented, have been reflected therein. Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015, for any other interim period or for any other future year.
	The consolidated balance sheet at December 31, 2014 has been derived from the audited financial statements at that date, but does not include all of the disclosures required by GAAP. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K filed with the SEC on February 27, 2015. Additionally, certain prior year amounts within the consolidated balance sheets have been reclassified to conform to the current year presentation.
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries which include Borderfree Canada, Inc., FiftyOne China, Co., Ltd., Borderfree Research and Development Ltd. (organized in Israel), Borderfree Limited (organized in Ireland), Borderfree Australia Pty Ltd., Borderfree UK Ltd., and BoxHop LLC (organized in the United States). Intercompany accounts and transactions have been eliminated in consolidation.
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities; the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions made by management include the fair value of stock options, valuation of goodwill and intangible assets, useful lives associated with depreciation and amortization of intangible assets, warrant liability valuation, certain components of the income tax provisions, including valuation allowances on the Company’s deferred tax assets, and accruals for fulfillment costs, refunds and chargebacks. The Company bases estimates and assumptions on historical experience and on various other factors that it believes to be reasonable under the circumstances. The Company evaluates its estimates and assumptions on an ongoing basis. Actual results could vary from those estimates.
	Revenue
	Global ecommerce services revenue includes a fee paid to the Company by its customers based on a percentage of each customer's total gross international sales revenue processed through the Company's platform, as well as a fee paid by the consumer related to foreign exchange and other transactional services, including consumer service fees.
	Fulfillment services revenue is paid by both the consumer and the Company's customers for international shipping, handling and other global logistics services.
	The following table summarizes revenue by type of service (in thousands):
		Three Months Ended
		March 31,
		2015		2014
	Global ecommerce services	$	12,743	$	13,456
	Fulfillment services	12,041		13,058
	Revenue	$	24,784	$	26,514
	Functional Currency and Translation
	The functional currency of the Company and its subsidiaries is the U.S. dollar (“dollar”).
	Transactions and balances originally denominated in dollars are presented at their original amounts. Balances in non-dollar currencies are translated into dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For non-dollar transactions reflected in the statements of operations, the average exchange rates during the period are used. Depreciation, amortization and other changes deriving from non-monetary items are based on historical exchange rates. The resulting transaction gains or losses are recorded within interest and other income, net, on the consolidated statements of operations.
	The transaction losses for the three months ended March 31, 2015 and 2014 were $0.2 million and $23 thousand, respectively.
	Investments
	The Company’s investments in marketable securities are recorded at fair value, with any unrealized gains and losses, reported as a component of stockholders’ equity until realized. The Company’s investments are classified as available-for-sale securities as they represent investments available for current operations and may be sold prior to their stated maturities for strategic or operational reasons.
	Restricted cash and deposits
	Restricted cash and deposits represent amounts held as collateral for a long term lease and as collateral for credit.
	Comprehensive Loss
	Accumulated other comprehensive loss, included as a component of shareholders' equity, consists of unrealized gains and losses affecting equity that, under GAAP, are excluded from net loss. For the Company, accumulated other comprehensive loss is impacted by unrealized gains or losses on available-for-sale securities as of the reporting period date and by reclassification adjustments resulting from sales or maturities of available-for-sale securities. Amounts reclassified for previously unrealized gains or losses on available-for-sale securities are included in interest and other income, net, on the consolidated statements of operations. There were $20 thousand of net unrealized gains and no amounts reclassified to the consolidated statements of operations for the three months ended March 31, 2015.
	Reverse Stock Split
	In March 2014, the Company’s board of directors and stockholders approved an amendment to the Company's then-current Certificate of Incorporation (the "Prior Charter"), which effected a 1-for-1.67 reverse stock split of the Company’s common stock. The reverse stock split became effective upon filing the amendment to the Prior Charter on March 10, 2014. Upon the effectiveness of the reverse stock split, (i) every 1.67 shares of outstanding common stock was decreased to one share of common stock, (ii) the number of shares of common stock into which each outstanding warrant or option to purchase common stock is exercisable was proportionally decreased, (iii) the exercise price of each outstanding warrant or option to purchase common stock was proportionately increased, and (iv) the conversion ratio for each share of preferred stock outstanding was proportionately reduced. Unless otherwise indicated, all of the share numbers, share prices and exercise prices in these financial statements have been adjusted, on a retroactive basis, to reflect this 1-for-1.67 reverse stock split.
	Recently Issued Accounting Pronouncements
	Under the Jumpstart Our Business Startups Act ("JOBS Act"), the Company meets the definition of an emerging growth company. The Company has irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act.
	In April 2014, the FASB issued accounting guidance which changes the criteria for determining which disposal transactions can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results.  The guidance states that a strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. Although major is not defined, the guidance provides examples of when a disposal qualifies as a discontinued operation. A business activity that upon acquisition qualifies as held for sale will also be a discontinued operation. The guidance no longer precludes presentation as a discontinued operation if (i) there are operations and cash flows of the component that have not been eliminated from the reporting entity’s ongoing operations, or (ii) there is significant continuing involvement with a component after its disposal. The guidance also introduces new disclosure requirements.  The new accounting rules were effective for the Company on January 1, 2015 and are not expected to have a material effect on the Company’s financial condition or results of operations unless there is a future disposal transaction within the scope of the guidance.
	In May 2014, the FASB issued accounting guidance which stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The guidance supersedes most of the current revenue recognition requirements, and as currently written will be effective January 1, 2017; however, the FASB plans to publish an exposure draft proposing to extend the effective date to January 1, 2018. The Company is currently assessing the impact that this standard will have on its consolidated financial statements.
	In August 2014, the FASB issued guidance on disclosure of uncertainties about an entity’s ability to continue as a going concern. This guidance addresses management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued. The guidance is effective for fiscal years ending after December 15, 2016 and for interim periods within those fiscal years. The requirements of this guidance are not expected to have a material impact on the consolidated financial statements.
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Business_Combination_Notes

Business Combination (Notes)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Business Combination
	On January 26, 2015, the Company acquired 100% of the equity of Bundle Tech, the operator of DutyCalculator, a provider of cloud-based global trade and customs compliance data services, for total cash consideration of $22.0 million.
	$6.6 million of the total consideration is held in escrow and 50%, 25% and 25% will be released 18 months, 36 months and 48 months, respectively, after the acquisition date. The escrow is being withheld to settle potential claims for indemnification for breaches or inaccuracies in Bundle Tech's representations and warranties, covenants and agreements and working capital adjustments, and therefore is included in the purchase price of $22.0 million.
	As a result of this acquisition, the Company expands its global trade content and data services capabilities and brings a broader, more comprehensive product offering to the rapidly expanding global ecommerce marketplace.
	The Company has incurred transaction costs in connection with the acquisition of $0.6 million through March 31, 2015, of which $0.2 million was incurred during the three months ended March 31, 2015. These costs have been recorded in general and administrative expenses.
	In connection with this acquisition, the Company made an inducement equity award to an employee of Bundle Tech. The inducement award covers an aggregate of 388,099 shares of common stock in the form of restricted stock units, or RSUs, and are being made as a material inducement to the employee entering into employment with Borderfree in connection with the acquisition transaction. This award is contingent compensation based on the employee's future service and is not considered to be part of the purchase price. The stock-based compensation expense related to this award will be recognized over the vesting period as earned.
	Under the acquisition method of accounting, the Company allocated the purchase price to the identifiable assets and liabilities based on their estimated fair value, which was determined by management using the information available as of the date of the acquisition (Level 3 inputs). The Company believes this information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but certain items may be subject to change as additional information is received about facts and circumstances that existed at the date of acquisition. Thus, the preliminary measurements of fair value set forth below are subject to change. The Company is still conducting its review of the allocation of intangibles and expects to finalize the valuation as soon as practicable, but not later than one year from the acquisition date.
	Methodologies used in valuing the intangible assets include, but are not limited to, the multiple period excess earnings method for customer relationships and the income method for technology. The excess of the purchase price over the total net identifiable assets has been recorded as goodwill which includes synergies expected from the expanded service capabilities and the value of the assembled work force in accordance with GAAP. The Company did not record any in-process research and development charges in connection with the acquisition.
	The preliminary allocation of the Bundle Tech consideration to the assets acquired and obligations assumed was as follows (in thousands):
	Cash	$	43
	Other assets/liabilities, net	48
	Deferred income tax liability	(2,353		)
	Customer relationships	109
	Technology	14,100
	Goodwill	10,053
	Total purchase price	$	22,000
	The Company will amortize the customer relationships over three years on a straight-line basis. The Company will amortize the technology over six years on a straight-line basis. Comparative pro forma financial information for this acquisition has not been presented because the acquisition is not material to the Company's consolidated results of operations except for the amortization expense related to the acquired intangible assets.

Cash_Equivalents_and_Investmen

Cash Equivalents and Investments (Notes)	3 Months Ended
	Mar. 31, 2015
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Cash, Cash Equivalents, and Marketable Securities [Text Block]	Cash Equivalents and Investments
	The Company held $34.7 million and $37.5 million of cash equivalents in money market funds whose carrying value approximates fair value as of March 31, 2015 and December 31, 2014, respectively.
	The Company's investments consist of marketable debt securities that are classified as available-for-sale and presented as "investments," a component of current assets on the consolidated balance sheets. The Company's available-for-sale securities represent investments available for current operations and may be sold prior to their stated maturities for strategic or operational reasons. The available-for-sale debt securities are carried at fair value, with the unrealized gains and losses reported in "Accumulated other comprehensive loss." The amortized cost of the available-for-sale debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method.
	A summary of the Company’s available-for-sale investments as of March 31, 2015 is as follows (in thousands):
		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair
									Value
	Investments:
	Corporate bonds	$	17,429	$	2	$	(6	)	$	17,425
	U.S. government and agency securities	3,000		5		—			3,005
	Commercial paper	—		—		—			—
		$	20,429	$	7	$	(6	)	$	20,430
	A summary of the Company’s available-for-sale investments as of December 31, 2014 is as follows (in thousands):
		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair
									Value
	Investments:
	Corporate bonds	$	23,578	$	2	$	(23	)	$	23,557
	U.S. government and agency securities	2,997		2		—			2,999
	Commercial paper	999		—		—			999
		$	27,574	$	4	$	(23	)	$	27,555
	Realized gains and losses are included in interest and other income, net, on the consolidated statements of operations. The cost of securities sold is based on the specific identification method. There were no realized gains and losses on the available-for-sale investments for the three months ended March 31, 2015. The Company did not hold available-for-sale investments as of March 31, 2014. Interest and dividends earned on available-for-sale securities are also included in interest and other income, net, on the consolidated statements of operations.
	When the Company determines that an other-than-temporary decline has occurred for debt securities that the Company does not then intend to sell, the Company recognizes the credit loss component of an other-than-temporary impairment in interest and other income, net, and the remaining portion in other comprehensive income. The credit loss component is identified as the amount of the present value of cash flows not expected to be received over the remaining term of the security, based on cash flow projections. In determining whether an other-than-temporary impairment exists, the Company considers: (i) the length of time and the extent to which the fair value has been less than cost; (ii) the financial condition and near-term prospects of the issuer of the securities; and (iii) the Company’s intent and ability to retain the security for a period of time sufficient to allow for any anticipated recovery in fair value. The Company considered the declines in market value of its marketable available-for-sale securities investment portfolio to be temporary in nature and did not consider any of its investments other-than-temporarily impaired as of March 31, 2015. Contractual maturities for the Company's available-for-sale securities are within two years of March 31, 2015.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Financial Instruments Disclosure [Text Block]	Fair Value of Financial Instruments
	The carrying amounts of the Company’s financial instruments, including cash, cash equivalents, trade receivables and payables, and credit facility, approximate fair value, due to their short maturities or the fact that the interest rate of the revolving credit facility is based upon current market rates. The receivable from the sale of the Global Settlement Services business (see Note 15 —Sale of Global Settlement Services Business ) was initially recorded based on estimated fair value and management does not believe that changes to the underlying assumptions used since August 2011 would result in a material change to fair value on the remaining balance as of the balance sheet dates.
	The fair value framework under the FASB guidance requires the categorization of assets and liabilities into three levels based upon the assumptions used to measure the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3, if applicable, generally would require significant management judgment. The three levels for categorizing assets and liabilities under the fair value measurement requirements are as follows:
	•	Level 1: Fair value measurement of the asset or liability using observable inputs such as quoted prices in active markets for identical assets or liabilities;
	•	Level 2: Fair value measurement of the asset or liability using inputs other than quoted prices that are observable for the applicable asset or liability, either directly or indirectly, such as quoted prices for similar (as opposed to identical) assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and
	•	Level 3: Fair value measurement of the asset or liability using unobservable inputs that reflect the Company's own assumptions regarding the applicable asset or liability.
	During the three months ended March 31, 2015 and the year ending December 31, 2014, there were no transfers between the assets and liabilities categorized as Level 1, Level 2 and Level 3.
	The following table summarizes those assets and liabilities measured at fair value on a recurring basis as of (in thousands):
		31-Mar-15
		Total		Level 1		Level 2		Level 3
	Cash Equivalents:
	Money market funds	$	34,654	$	34,654	$	—	$	—
	Assets:
	Investments	$	20,430	$	—	$	20,430	$	—
		31-Dec-14
		Total		Level 1		Level 2		Level 3
	Cash Equivalents:
	Money market funds	$	37,481	$	37,481	$	—	$	—
	Assets:
	Investments	$	27,555	$	—	$	27,555	$	—
	When developing fair value estimates, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. When available, the Company uses quoted market prices to measure fair value. If market prices are not available, the fair value measurement is based on models that use primarily market based parameters including yield curves, volatilities, credit ratings and currency rates. In certain cases where market rate assumptions are not available, the Company is required to make judgments about assumptions market participants would use to estimate the fair value of a financial instrument.
	As of March 31, 2015 and December 31, 2014, the Company did not carry financial instruments categorized as Level 3.
	The Company’s non-financial assets, such as goodwill, intangible assets and property and equipment, are initially measured at fair value. In the event there is an indicator of impairment, such asset's carrying value is adjusted to current fair value only when an impairment charge is recognized. Such impairment charges incorporate fair value measurements based on Level 3 inputs.

Trade_Receivables

Trade Receivables	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Trade Receivables
	Trade receivables, net of allowances of $40 thousand at March 31, 2015 and December 31, 2014, respectively, consisted of the following (in thousands):
		At March 31, 2015		At December 31, 2014
	Credit Cards	$	3,890	$	6,603
	Merchants and other	8,241		11,428
		$	12,131	$	18,031

Prepaid_Expenses_and_Other

Prepaid Expenses and Other	3 Months Ended
	Mar. 31, 2015
Prepaid Expense and Other Assets, Current [Abstract]
Other Current Assets [Text Block]	Prepaid expenses and other
	Prepaid expenses and other consisted of the following (in thousands):
		At March 31, 2015		At December 31, 2014
	Prepaid expenses	$	2,451	$	2,583
	Other	796		1,153
		$	3,247	$	3,736

Property_and_Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Property and Equipment
	Property and equipment consisted of the following (in thousands):
		At March 31, 2015			At December 31, 2014
	Computer and peripheral equipment	$	7,303		$	7,197
	Internal use software	10,265			9,287
	Furniture and office equipment	1,389			1,195
	Leasehold improvement	629			603
	Total property and equipment	19,586			18,282
	Less: Accumulated depreciation and amortization	(9,073		)	(7,972		)
	Property and equipment, net	$	10,513		$	10,310
	Depreciation expense, which includes amortization of assets under capital leases and software development costs, for the three months ended March 31, 2015 and 2014 was $1.1 million and $0.6 million, respectively. Amortization expense of software development costs for the three months ended March 31, 2015 and 2014 was $0.7 million and $0.2 million, respectively.
	No event or indicator of impairment occurred during the three months ended March 31, 2015, which would require impairment testing of property and equipment.

Goodwill_and_Intangibles

Goodwill and Intangibles	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Intangibles
	Changes in the carrying amount of goodwill in the three months ended March 31, 2015 is as follows (in thousands):
	Balance, December 31, 2014		$	265
	Additions		10,053
	Balance, March 31, 2015		$	10,318
	The addition of goodwill during the three months ended March 31, 2015 is related to the acquisition of Bundle Tech in January 2015 (Note 2—Business Combination).
	The following table provides the gross carrying amount, accumulated amortization and net carrying amount for each major class of long-lived amortizable intangible assets (in thousands):
			At March 31, 2015							At December 31, 2014
		Average Life (years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	Patents	10	$	752	$	(468	)	$	284	$	752	$	(443	)	$	309
	Customer relationships	7	1,286		(679		)	607		1,177		(613		)	564
	Technology	6	14,100		(349		)	13,751		490		(490		)	—
	Customer list	1	268		(42		)	226		—		—			—
	Total amortizable intangible assets		16,406		(1,538		)	14,868		2,419		(1,546		)	873
	Trademarks	N/A	84		$	—		84		84		—			84
	Total intangible assets		$	16,490	$	(1,538	)	$	14,952	$	2,503	$	(1,546	)	$	957
	Amortization expense corresponding to the long-lived amortizable intangible assets for the three months ended March 31, 2015 and 2014, was $0.5 million and $0.1 million, respectively. During the three months ended March 31, 2015 the Company retired fully amortized technology which had a gross carrying amount of $0.5 million as of December 31, 2014.
	Future estimated amortization expense for acquired intangible assets as of March 31, 2015 is as follows (in thousands):
	Remainder of 2015		$	2,222
	2016		2,650
	2017		2,592
	2018		2,436
	2019		2,413
	Thereafter		2,555
	Total		$	14,868
	No event or indicator of impairment occurred during the three months ended March 31, 2015, which would require impairment testing of long-lived intangible assets including goodwill.

Accrued_Expenses_and_Other

Accrued Expenses and Other	3 Months Ended
	Mar. 31, 2015
Accrued Liabilities, Current [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	Accrued Expenses and Other
	Accrued expenses and other consisted of the following (in thousands):
		At March 31, 2015		At December 31, 2014
	Fulfillment, duty and VAT costs	$	2,687	$	3,716
	Compensation	2,016		3,063
	Other	4,497		4,388
		$	9,200	$	11,167

Revolving_Credit_Facility

Revolving Credit Facility	3 Months Ended
	Mar. 31, 2015
Long-term Debt, Current and Noncurrent [Abstract]
Debt and Capital Leases Disclosures [Text Block]	Revolving Credit Facility
	On April 18, 2013, the Company entered into an amended and restated loan and security agreement (the "Credit Facility") with Silicon Valley Bank ("SVB"). Pursuant to the Credit Facility the Company can incur revolver borrowings up to the lesser of $12.0 million or a borrowing base equal to 80% of eligible merchant receivables plus 75% of eligible credit card receivables. The Company has an additional $6.0 million of non-formula based availability during the fourth quarter retail holiday season. The Credit Facility also provides for letters of credit. Interest accrues at a floating rate equal to SVB’s prime rate plus 1.0% and is payable monthly.
	On October 29, 2013, the Company and SVB modified the terms of the Credit Facility to adjust the financial covenant requirements for future quarters to levels that are aligned with the Company’s operating and financial targets. As of March 31, 2015, the Company was in compliance with the terms and covenants of the Credit Facility. Financial covenants include maintenance of an adjusted quick ratio, defined as the ratio of current assets to current liabilities, inclusive of outstanding letters of credit and minus the current portion of deferred revenue, of at least 1.20 to 1.00 and a minimum net income. There were no revolver borrowings and there was $1.6 million letters of credit outstanding as of March 31, 2015.
	On July 24, 2014, the Company entered into a Second Amended and Restated Loan and Security Agreement (the "Amended Agreement") with SVB. Pursuant to the Amended Agreement, the Credit Facility is extended for two years through July 24, 2016 and will bear interest at a floating rate equal to the Wall Street Journal Prime Rate. Borrowings under the Amended Agreement are subject to financial reporting obligations including minimum profitability/maximum loss parameters. Except for the Company's intellectual property, obligations of the Company under the Credit Facility are secured by a first priority lien on substantially all assets of the Company.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies
	The Company leases all of its office space under non-cancellable operating lease agreements. These leases generally have initial periods of three to seven years and contain provisions for renewal options, sublease and payment of real estate taxes and common area charges. The Company also leases vehicles and certain furniture and equipment.
	Capital lease obligations are as follows (in thousands):
		At March 31, 2015			At December 31, 2014
	Gross capital lease obligations	$	9		$	14
	Less: imputed interest	—			—
	Present value of net minimum lease payments	9			14
	Less: current portion of capital lease obligation	(9		)	(14		)
	Total long term capital lease obligations	$	—		$	—
	The Company is subject to various claims, charges, disputes and litigation that have arisen in the ordinary course of business. Although there can be no assurance in this regard, the Company does not believe these other matters will have a material adverse effect on the Company’s results of operations, cash flows or its financial condition.

Common_Stock_Preferred_Stock_a

Common Stock, Preferred Stock and Stock Plans	3 Months Ended
	Mar. 31, 2015
Common Stock, Preferred Stock and Stock Plans [Abstract]
Common Stock, Preferred Stock and Stock Plans	Common Stock, Preferred Stock and Stock Plans
	Common stock consisted of the following shares:
			At March 31, 2015				At December 31, 2014
			Authorized	Issued		Outstanding	Authorized	Issued	Outstanding
	Common Stock		200,000,000	32,290,250		32,050,730	200,000,000	32,187,236	31,947,716
	The Company's board of directors has the authority, without further action by the stockholders, to designate and issue up to 25,000,000 shares of preferred stock in one or more series. The board of directors may also designate the rights, preferences and privileges of the holders of each such series of preferred stock, any or all of which may be greater than or senior to those granted to the holders of common stock. Though the actual effect of any such issuance on the rights of the holders of common stock will not be known until such time as the Company's board of directors determines the specific rights of the holders of preferred stock, of which the potential effects of such an issuance include diluting the voting power of the holders of common stock, reducing the likelihood that holders of common stock will receive dividend payments and reducing the likelihood that holders of common stock will receive payments in the event of the Company's liquidation, dissolution, or winding up, and delaying, deterring or preventing a change-in-control or other corporate takeover.
	In January 2015, the board of directors approved the 2015 Stock Option Inducement Plan (the "Inducement Plan"). The Company reserved an aggregate of 388,099 shares under the Inducement Plan.
	In March 2014, the board of directors adopted the 2014 Stock Option and Incentive Plan (the "2014 Plan") which was subsequently approved by the Company's stockholders. The 2014 Plan became effective upon the closing of the IPO. The 2014 Plan will replace the Company's 2011 Stock Option and Grant Plan (the "2011 Plan") as the board of directors has determined not to make additional awards under the 2011 Plan following the closing of the IPO. The Company initially reserved 1,920,000 shares of common stock for the issuance of awards under the 2014 Plan. In January 2015, 1,597,385 shares of common stock were added to the pool. As of March 31, 2015, there are 1,744,808 shares of common stock reserved for issuance of awards under the 2014 Plan. This number is subject to adjustment in the event of a stock split, stock dividend or other change in the Company's capitalization.
	The Company's 2011 Plan was approved by the board of directors and the Company's stockholders on October 31, 2011 and was most recently amended in June 2013. The Company has reserved an aggregate of 7,610,968 shares of common stock for the issuance of options and other equity awards under the 2011 Plan. This number is subject to adjustment in the event of a stock split, stock dividend or other change in the Company's capitalization.
	The Company’s U.S. Share Option Plan (the “U.S. Plan”) was approved by the board of directors in August 2001 and was subsequently approved by the Company’s stockholders. The U.S. Plan was most recently amended in December 2010. The Company has reserved an aggregate of 4,758,041 shares of common stock for the issuance of options under the U.S. Plan. This number is subject to adjustment in the event of a stock split, stock dividend or other change in the Company’s capitalization. The Company has not made any grants under the U.S. Plan since the adoption of the 2011 Plan and the Company does not plan to make any further awards under the U.S. Plan.
	The Company’s Israeli Share Option Plan (the “Israeli Plan”) was approved by the board of directors in September 2001. The Israeli Plan was most recently amended in July 2006. The Company has reserved an aggregate of 1,856,287 shares of common stock for the issuance of options and other equity awards under the Israeli Plan. This number is subject to adjustment in the event of a stock split, stock dividend or other change in the Company’s capitalization. The Company has not made any grants under the Israeli Plan since it terminated in July 2011 and does not plan to make any further awards under the Israeli Plan.
	Stock-based compensation expense for the Company's stock options under the equity incentive plan included in the consolidated statements of operations is as follows (in thousands):
		Three months ended
		March 31,
		2015		2014
	Cost of revenue	$	10	$	4
	Technology and operations	128		136
	Research and development	381		145
	Sales and marketing	280		138
	General and administrative	490		139
		$	1,289	$	562
	In March 2015, the compensation committee of the Company's board of directors approved stock option grants covering a total of 905,150 shares to certain employees. Of these awards, stock option grants covering 389,500 shares were issued to named executive officers, including the Company's chief executive officer.

Warrants

Warrants	3 Months Ended
	Mar. 31, 2015
Warrants [Abstract]
Warrants [Text Block]	Warrants
	On April 1, 2004, the Company issued to American Friends of Tmura, Inc. as a donation, a warrant to purchase up to aggregate 32,076 shares of the Company’s common stock, at a purchase price of $0.02 per share. This warrant was exercisable upon the closing of a Sale Event, as defined in the warrant, or the closing of an initial public offering. This warrant shall expire on the earlier of the closing of a Sale Event or one year following the close of the Company's IPO. On June 10, 2014, the warrant was exercised in full by means of a cashless exercise resulting in a net purchase of 32,041 shares.
	On September 17, 2009, the Company issued to SVB a warrant to purchase up to aggregate 139,212 shares of the Company’s Series C Preferred Stock, which, at the closing of the IPO, automatically converted into a warrant to purchase 83,360 shares of common stock at a purchase price of $1.80 per share. On April 29, 2014, the warrant was exercised in full by means of a cashless exercise resulting in a net purchase of 73,406 shares.
	On October 19, 2010, the Company issued to SVB a warrant to purchase up to aggregate 220,552 shares of the Company’s Series D Preferred Stock, which, at the closing of the IPO, automatically converted into a warrant to purchase 132,067 shares of common stock at a purchase price of $0.95 per share. On April 29, 2014, the warrant was exercised in full by means of a cashless exercise resulting in a net purchase of 123,772 shares.
	On March 29, 2012, the Company issued to SVB a warrant to purchase up to aggregate 18,835 shares of the Company’s Series E Preferred Stock, which, at the closing of the IPO, automatically converted into a warrant to purchase 11,278 shares of common stock at a purchase price of $7.10 per share. On April 29, 2014, the warrant was exercised in full by means of a cashless exercise resulting in a net purchase of 5,969 shares.
	The Company recorded a loss on change in fair value of warrants of $1.0 million during the three months ended March 31, 2014. The fair value of the warrant liability was $3.6 million upon the closing of the IPO in March 2014 and was reclassified as a component of additional paid-in capital.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	The Company's income tax provision for the three months ended March 31, 2015 and 2014 reflect its estimate of the annual effective tax rate expected to be applicable for the year, adjusted for any discrete events which are recorded in the period they occur.
	The Company recorded an income tax provision of $0.1 million for both the three months ended March 31, 2015 and 2014, respectively.
	The income tax provision of $0.1 million determined for the three months ended March 31, 2015 is primarily the result of income tax provisions for profitable foreign jurisdictions based upon income earned during this period and tax provisions for certain states. No income tax benefit was accrued for jurisdictions where the Company anticipates incurring a loss during the year as the related deferred tax assets are fully offset by a valuation allowance.
	The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes. Under which deferred tax assets and liabilities reflect the future tax consequences of the differences between the financial reporting and tax basis of assets and liabilities using current enacted tax rates. The Company provides a valuation allowance against net deferred tax assets unless, based upon the available evidence, it is more likely than not that the deferred tax assets will be realized.
	A valuation allowance has been recognized at March 31, 2015 and December 31, 2014 to fully offset the deferred tax assets, as it has been determined that it is more likely than not that all of the deferred tax assets may not be realized. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. A significant piece of objective negative evidence evaluated was the cumulative loss incurred, after adjustments for non-recurring items, over the three-year period ended March 31, 2015. Such objective evidence limits the ability to consider other subjective evidence such as projections for future growth. On the basis of this evaluation, as of March 31, 2015, a full valuation allowance has been recorded. The Company intends to maintain the valuation allowance until sufficient positive evidence exists to support reversal of some or all of the valuation allowance.
	As of March 31, 2015 and December 31, 2014, there were no uncertain tax positions.

Sale_of_Global_Settlement_Serv

Sale of Global Settlement Services Business	3 Months Ended
	Mar. 31, 2015
Sale of Global Settlement Services Business [Abstract]
Sale of Global Settlement Services Business	Sale of Global Settlement Services Business
	In March 2011, the Company entered into a definitive agreement with Cambridge Mercantile Corp. (“Cambridge”) to transfer its GSS business. The term of the agreement is indefinite, with certain termination rights, for cause and for convenience, for both parties.
	The receivable from the sale of GSS is as follows (in thousands):
		At March 31, 2015		At December 31, 2014
	Short term receivable from sale of business	$	376	$	629
	Receivable from sale of business—non-current	43		77
		$	419	$	706

Related_Parties

Related Parties	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Related Parties
	Notes receivable from stockholders include full recourse promissory notes issued in conjunction with the exercise of options by certain Company executives and a member of the board of directors. The notes bear interest rates at 1.17% and 1.19% compounded annually. Accrued interest and principal are due and payable upon the earlier of the termination of the employees, sale of the corresponding shares, the maturity of the notes or preceding the effective date of the Company’s filing of a registration statement under the Securities Act. The notes have a term of seven years. Company executives repaid $28 thousand of the notes receivable from stockholders in April 2013. On February 14, 2014, the Company forgave notes receivable from stockholders and related accrued interest totaling $0.4 million for certain Company executives. The Company also agreed to fund the tax liability on behalf of the executives associated with the loan forgiveness, and as a result incurred additional expense of $0.4 million. On February 14, 2014, a member of the board of directors repaid the full amount of principal and related accrued interest related to a note receivable from stockholder totaling $33 thousand. As of March 31, 2015, all outstanding principal and accrued interest related to the notes receivable from stockholders have been forgiven or repaid.

Net_Income_Loss_Per_Share

Net Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Net Loss Per Share
	The Company calculates basic and diluted net loss per share by dividing the net loss by the weighted average number of shares outstanding during the period. The Company has excluded all potentially dilutive shares, which include outstanding common stock options, restricted stock units and common stock warrants from the weighted average number of shares outstanding as their inclusion in the computation for all respective periods would be anti-dilutive due to net losses.
	The following shares were excluded from the computation of diluted net loss per share because they had an anti-dilutive impact:
		Three Months Ended
		March 31,
		2015	2014
	Common stock options	3,476,484	3,228,730
	Restricted stock units	290,294	—
	Common stock warrants	—	258,781
Net Income (Loss) Per Share
		Three Months Ended
		March 31,
		2015	2014
	Common stock options	3,476,484	3,228,730
	Restricted stock units	290,294	—
	Common stock warrants	—	258,781

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Revenue by type of service [Table Text Block]	The following table summarizes revenue by type of service (in thousands):
		Three Months Ended
		March 31,
		2015		2014
	Global ecommerce services	$	12,743	$	13,456
	Fulfillment services	12,041		13,058
	Revenue	$	24,784	$	26,514

Cash_Equivalents_and_Investmen1

Cash Equivalents and Investments (Tables)	3 Months Ended
	Mar. 31, 2015										Mar. 31, 2014
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Available-for-sale Securities [Table Text Block]	A summary of the Company’s available-for-sale investments as of March 31, 2015 is as follows (in thousands):										A summary of the Company’s available-for-sale investments as of December 31, 2014 is as follows (in thousands):
		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair			Amortized Cost		Unrealized Gains		Unrealized Losses			Fair
									Value										Value
	Investments:										Investments:
	Corporate bonds	$	17,429	$	2	$	(6	)	$	17,425	Corporate bonds	$	23,578	$	2	$	(23	)	$	23,557
	U.S. government and agency securities	3,000		5		—			3,005		U.S. government and agency securities	2,997		2		—			2,999
	Commercial paper	—		—		—			—		Commercial paper	999		—		—			999
		$	20,429	$	7	$	(6	)	$	20,430		$	27,574	$	4	$	(23	)	$	27,555

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table summarizes those assets and liabilities measured at fair value on a recurring basis as of (in thousands):
		31-Mar-15
		Total		Level 1		Level 2		Level 3
	Cash Equivalents:
	Money market funds	$	34,654	$	34,654	$	—	$	—
	Assets:
	Investments	$	20,430	$	—	$	20,430	$	—
		31-Dec-14
		Total		Level 1		Level 2		Level 3
	Cash Equivalents:
	Money market funds	$	37,481	$	37,481	$	—	$	—
	Assets:
	Investments	$	27,555	$	—	$	27,555	$	—

Trade_Receivables_Tables

Trade Receivables (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Trade receivables, net of allowances of $40 thousand at March 31, 2015 and December 31, 2014, respectively, consisted of the following (in thousands):
		At March 31, 2015		At December 31, 2014
	Credit Cards	$	3,890	$	6,603
	Merchants and other	8,241		11,428
		$	12,131	$	18,031

Prepaid_Expenses_and_Other_Tab

Prepaid Expenses and Other (Tables)	3 Months Ended
	Mar. 31, 2015
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of Other Assets [Table Text Block]	Prepaid expenses and other consisted of the following (in thousands):
		At March 31, 2015		At December 31, 2014
	Prepaid expenses	$	2,451	$	2,583
	Other	796		1,153
		$	3,247	$	3,736

Property_and_Equipment_Tables

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment consisted of the following (in thousands):
		At March 31, 2015			At December 31, 2014
	Computer and peripheral equipment	$	7,303		$	7,197
	Internal use software	10,265			9,287
	Furniture and office equipment	1,389			1,195
	Leasehold improvement	629			603
	Total property and equipment	19,586			18,282
	Less: Accumulated depreciation and amortization	(9,073		)	(7,972		)
	Property and equipment, net	$	10,513		$	10,310

Goodwill_and_Intangibles_Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Changes in the carrying amount of goodwill in the three months ended March 31, 2015 is as follows (in thousands):
	Balance, December 31, 2014		$	265
	Additions		10,053
	Balance, March 31, 2015		$	10,318
Schedule of Intangible Assets and Goodwill [Table Text Block]	The following table provides the gross carrying amount, accumulated amortization and net carrying amount for each major class of long-lived amortizable intangible assets (in thousands):
			At March 31, 2015							At December 31, 2014
		Average Life (years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	Patents	10	$	752	$	(468	)	$	284	$	752	$	(443	)	$	309
	Customer relationships	7	1,286		(679		)	607		1,177		(613		)	564
	Technology	6	14,100		(349		)	13,751		490		(490		)	—
	Customer list	1	268		(42		)	226		—		—			—
	Total amortizable intangible assets		16,406		(1,538		)	14,868		2,419		(1,546		)	873
	Trademarks	N/A	84		$	—		84		84		—			84
	Total intangible assets		$	16,490	$	(1,538	)	$	14,952	$	2,503	$	(1,546	)	$	957
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Future estimated amortization expense for acquired intangible assets as of March 31, 2015 is as follows (in thousands):
	Remainder of 2015		$	2,222
	2016		2,650
	2017		2,592
	2018		2,436
	2019		2,413
	Thereafter		2,555
	Total		$	14,868

Accrued_Expenses_and_Other_Tab

Accrued Expenses and Other (Tables)	3 Months Ended
	Mar. 31, 2015
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued expenses and other consisted of the following (in thousands):
		At March 31, 2015		At December 31, 2014
	Fulfillment, duty and VAT costs	$	2,687	$	3,716
	Compensation	2,016		3,063
	Other	4,497		4,388
		$	9,200	$	11,167

Revolving_Credit_Facility_Tabl

Revolving Credit Facility (Tables)	3 Months Ended
	Mar. 31, 2015
Long-term Debt, Current and Noncurrent [Abstract]
Long-term Purchase Commitment [Table Text Block]

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Capital Leased Assets [Table Text Block]	Capital lease obligations are as follows (in thousands):
		At March 31, 2015			At December 31, 2014
	Gross capital lease obligations	$	9		$	14
	Less: imputed interest	—			—
	Present value of net minimum lease payments	9			14
	Less: current portion of capital lease obligation	(9		)	(14		)
	Total long term capital lease obligations	$	—		$	—

Common_Stock_Preferred_Stock_a1

Common Stock, Preferred Stock and Stock Plans (Tables)	3 Months Ended
	Mar. 31, 2015
Common Stock, Preferred Stock and Stock Plans [Abstract]
Common Stock [Table Text Block]	Common stock consisted of the following shares:
			At March 31, 2015				At December 31, 2014
			Authorized	Issued		Outstanding	Authorized	Issued	Outstanding
	Common Stock		200,000,000	32,290,250		32,050,730	200,000,000	32,187,236	31,947,716
Stock-based compensation expense for the Company's stock options under the equity incentive plan included in the consolidated statements of operations	Stock-based compensation expense for the Company's stock options under the equity incentive plan included in the consolidated statements of operations is as follows (in thousands):
		Three months ended
		March 31,
		2015		2014
	Cost of revenue	$	10	$	4
	Technology and operations	128		136
	Research and development	381		145
	Sales and marketing	280		138
	General and administrative	490		139
		$	1,289	$	562

Sale_of_Global_Settlement_Serv1

Sale of Global Settlement Services Business (Tables)	3 Months Ended
	Mar. 31, 2015
Sale of Global Settlement Services Business [Abstract]
Receivable from Sale of Business [Table Text Block]	The receivable from the sale of GSS is as follows (in thousands):
		At March 31, 2015		At December 31, 2014
	Short term receivable from sale of business	$	376	$	629
	Receivable from sale of business—non-current	43		77
		$	419	$	706

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Per Share
		Three Months Ended
		March 31,
		2015	2014
	Common stock options	3,476,484	3,228,730
	Restricted stock units	290,294	—
	Common stock warrants	—	258,781

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 21, 2014
Accounting Policies [Abstract]
Equity Method Investment, Ownership Percentage	100.00%
Stock Issued During Period, Shares, New Issues	32,290,250		32,187,236	5,750,000
Shares sold pursuant to the underwriters' option to purchase additional shares				750,000
Sale of Stock, Price Per Share				$16
Proceeds from Issuance of Common Stock		$85,600,000
Offering expenses total	3,200,000
Global ecommerce services	12,743,000	13,456,000
Fulfillment services	12,041,000	13,058,000
Revenue	24,784,000	26,514,000
Foreign Currency Transaction Gain (Loss), Realized	200,000	0
Unrealized Gain (Loss) on Investments	$20,000
Stock Issued During Period, Shares, Stock Splits		1
Stock Issued During Period, Shares, Reverse Stock Splits		1.67

Business_Combination_Details

Business Combination (Details) (USD $)	3 Months Ended		11 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Business Combination, Acquisition Related Costs	$200,000		$600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	43,000		43,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	48,000		48,000
Deferred Tax Liabilities, Gross	-2,353,000		-2,353,000	0
Stock Issued During Period, Shares, Restricted Stock Award, Gross	290,294	0
Equity Method Investment, Ownership Percentage	100.00%		100.00%
Payments to Acquire Businesses, Gross	22,000,000
Increase in Restricted Cash	6,600,000		6,600,000
Business Combination Percent of Escrow to be Released After the Acquisition Date	50.00%		50.00%
Business Combination Percent of Escrow to be Released After the Acquisition Date - 25%	25.00%		25.00%
Business Combination Number of Months After Acquisition Date that Escrow will be Released - 18 months	0 years 18 months
Business Combination Number of Months After Acquisition Date that Escrow will be Released - 36 months	36 months
Business Combination Number of Months After Acquisition Date that Escrow will be Released - 48 months	48 months
Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	14,100,000		14,100,000
Finite-Lived Intangible Assets, Remaining Amortization Period	6 years 0 months 0 days
Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	109,000		109,000
Finite-Lived Intangible Assets, Remaining Amortization Period	3 years 0 months 0 days
Goodwill [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$10,053,000		$10,053,000
Restricted Stock Units (RSUs) [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	388,099

Cash_Equivalents_and_Investmen2

Cash Equivalents and Investments (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Money Market Funds, at Carrying Value	$34,654	$37,481	$37,500
Investment [Line Items]
Available-for-sale Securities, Amortized Cost Basis	20,429	27,574
Unrealized Gain (Loss) on Investments	20
Unrealized Gain on Securities	7	4
Unrealized Loss on Securities	-6	-23
Investment Owned, at Fair Value	20,430	27,555
Corporate Bond Securities [Member]
Investment [Line Items]
Available-for-sale Securities, Amortized Cost Basis	17,429	23,578
Unrealized Gain (Loss) on Investments	2	2
Unrealized Loss on Securities	-6	-23
Investment Owned, at Fair Value	17,425	23,557
US Government Agencies Debt Securities [Member]
Investment [Line Items]
Available-for-sale Securities, Amortized Cost Basis	3,000	2,997
Unrealized Gain (Loss) on Investments	5	2
Unrealized Loss on Securities	0	0
Investment Owned, at Fair Value	3,005	2,999
Commercial Paper [Member]
Investment [Line Items]
Available-for-sale Securities, Amortized Cost Basis	0	999
Unrealized Gain (Loss) on Investments	0	0
Unrealized Loss on Securities	0	0
Investment Owned, at Fair Value	$0	$999

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	$34,654	$37,481	$37,500
Investments, Fair Value Disclosure	20,430	27,555
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	34,654	37,481
Investments, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	0	0
Investments, Fair Value Disclosure	20,430	27,555
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	0	0
Investments, Fair Value Disclosure	$0	$0

Trade_Receivables_Details

Trade Receivables (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Receivables [Abstract]
Trade receivables, net of allowances	$40	$40
Credit Cards	3,890	6,603
Merchants	8,241	11,428
Receivables, Net, Current	$12,131	$18,031

Prepaid_Expenses_and_Other_Det

Prepaid Expenses and Other (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid expenses	$2,451	$2,583
Other	796	1,153
Other Assets, Current	$3,247	$3,736

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Property and Equipment [Line Items]
Machinery and Equipment, Gross	$7,303,000		$7,197,000
Internal use software	10,265,000		9,287,000
Furniture and office equipment	1,389,000		1,195,000
Leasehold improvement	629,000		603,000
Total property and equipment	19,586,000		18,282,000
Less: Accumulated depreciation and amortization	-9,073,000		-7,972,000
Property and equipment, net	10,513,000		10,310,000
Depreciation expense	1,100,000	600,000
Amortization expense of software development costs	$700,000	$200,000

Goodwill_and_Intangibles_Detai

Goodwill and Intangibles (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of goodwill	$10,318,000		$265,000
Goodwill, Period Increase (Decrease)	10,053,000
Gross Carrying Amount	16,406,000		2,419,000
Accumulated Amortization	-1,538,000		-1,546,000
Net Carrying Amount	-14,868,000		-873,000
Intangible Assets, Gross (Excluding Goodwill)	16,490,000		2,503,000
Intangible assets, net	14,952,000		957,000
Amortization of Intangible Assets	0.5	0.1
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	2,222,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	2,650,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	2,592,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	2,436,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	2,413,000
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	2,555,000
Total Future Estimated Amortization Expense for Acquired Intangible Assets	14,868,000
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Gross Carrying Amount	752,000		752,000
Accumulated Amortization	-468,000		-443,000
Net Carrying Amount	-284,000		-309,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years
Gross Carrying Amount	1,286,000		1,177,000
Accumulated Amortization	-679,000		-613,000
Net Carrying Amount	-607,000		-564,000
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Gross Carrying Amount	14,100,000		490,000
Accumulated Amortization	-349,000		-490,000
Net Carrying Amount	-13,751,000		0
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Gross Carrying Amount	268,000		0
Accumulated Amortization	-42,000		0
Net Carrying Amount	-226,000		0
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	84,000		84,000
Accumulated Amortization	0		0
Net Carrying Amount	($84,000)		($84,000)

Accrued_Expenses_and_Other_Det

Accrued Expenses and Other (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accrued Liabilities, Current [Abstract]
Fulfillment, duty and VAT costs	$2,687	$3,716
Compensation	2,016	3,063
Other Accrued Liabilities, Current	4,497	4,388
Total Accrued Expenses and Other	$9,200	$11,167

Revolving_Credit_Facility_Deta

Revolving Credit Facility (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$12,000,000
Availability credit facility non-formula		6,000,000
Line of Credit Facility, Interest Rate During Period	1.00%
Adjusted Quick Ratio	1
Letters of Credit Outstanding, Amount	1,600,000
Accounts Receivable [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	0.8
Credit Card Receivable [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$0.75
Minimum [Member]
Debt Instrument [Line Items]
Adjusted Quick Ratio	1.2

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Other Commitments [Line Items]
Capital Lease Obligations	$9		$14
Interest Expense, Debt	0	0
Present value of net minimum lease payments	9		14
Less: current portion of capital lease obligation	-9		-14
Total long term capital lease obligations	$0		$0
Minimum [Member]
Other Commitments [Line Items]
Initial Lease Period	3 years
Maximum [Member]
Other Commitments [Line Items]
Initial Lease Period	7 years

Common_Stock_Preferred_Stock_a2

Common Stock, Preferred Stock and Stock Plans (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Jan. 31, 2015	Dec. 31, 2014	Mar. 21, 2014	Dec. 31, 2013	Jun. 30, 2013	Jul. 31, 2006
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Common Stock, Shares Authorized	200,000,000			200,000,000
Common Stock, Shares, Issued	32,290,250			32,187,236	5,750,000
Common Stock, Shares, Outstanding	32,050,730			31,947,716
Preferred Stock, Shares Authorized	25,000,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	290,294	0
Common Stock, Capital Shares Reserved for Future Issuance	1,744,808		1,597,385		1,920,000	4,758,041	7,610,968	1,856,287
Stock-based compensation	$1,289	$562
Exercise of Stock options	905,150
Cost of Revenue [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	10	4
Technology-Based Intangible Assets [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	128	136
Research and development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	381	145
Sales and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	280	138
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$490	$139
Executive Officer [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Exercise of Stock options	389,500
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	388,099

Warrants_Details

Warrants (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2015	Mar. 29, 2012	Oct. 19, 2010	Sep. 17, 2009	Mar. 21, 2014
Class of Stock [Line Items]
Warrant, Number of Securities Called by Warrants		32,076	18,835	220,552	139,212
Warrant, Exercise Price of Warrants		0.02
Fair Value Adjustment of Warrants	$1
Reclassification of Warrant Liability	$3.60
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Warrant, Exercise Price of Warrants						$1.80
Cashless Exercise of Warrants		73,406
Warrants Issued		83,360
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Warrant, Exercise Price of Warrants						$0.95
Cashless Exercise of Warrants		123,772
Warrants Issued		132,067
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Warrant, Exercise Price of Warrants						$7.10
Cashless Exercise of Warrants		5,969
Warrants Issued		11,278
Common Stock [Member]
Class of Stock [Line Items]
Cashless Exercise of Warrants		32,041

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$108	$53

Sale_of_Global_Settlement_Serv2

Sale of Global Settlement Services Business (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Sale of Global Settlement Services Business [Abstract]
Short term receivable from sale of business	$376	$629
Receivable from sale of business- non-current	43	77
Total receivable from sale of business	$419	$706

Related_Parties_Details

Related Parties (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Repayment of Notes Receivable from Related Parties	$33,000	$28,000
Due from Related Parties, Current			400,000
Tax Gross up related to loan forgiveness	$400,000
Executive Officer [Member]
Related Party Transaction [Line Items]
Receivable with Imputed Interest, Effective Yield (Interest Rate)	1.17%
Director [Member]
Related Party Transaction [Line Items]
Receivable with Imputed Interest, Effective Yield (Interest Rate)	1.19%

Net_Income_Loss_Per_Share_Deta

Net Income (Loss) Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	290,294	0
Employee Stock Option [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Anti-dilutive shares excluded from diluted EPS computation	3,476,484	3,228,730
Warrant [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Anti-dilutive shares excluded from diluted EPS computation	0	258,781

Uncategorized_Items

Uncategorized Items	12/31/14			3/31/15
	USD ($)
[us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1]	-19,000
[us-gaap_AdditionalPaidInCapital]		137,672,000
[us-gaap_CommonStockSharesIssued]			32,290,250
[us-gaap_DeferredOfferingCosts]	758
[us-gaap_TreasuryStockShares]				-239,520