Best Payment model in a aggregator business

When you serve as an aggregator platform. What is the most secure and cost effective way of charging the customers money and then paying the seller on a mobile platform. Do you directly transfer the payment from buyer's credit card to the seller at the time of purchase ?Is it fair to ask the sellers to share some of the transaction fee burden or to ask the customer ? From my initial research, there are too many mouths which take their cut in this process. Visa, bank, Apple pay, stripe.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Two sided market place payment help.

Hey guys,

So i'm building a 2-sided marketplace and i wanted to know how can a consumer pay the supplier directly because the products will be shipped directly from supplier to consumer, i don't hold the goods, mostly like ebay and not amazon. Do any of you guys have 2-sided marketplaces willing to chat and help out a broke college student get some food?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Payment Service Provider that is cheaper than Stripe (for European Credit Cards)?

I have been looking for a while to replace Stripe as a payment service provider.

They are quite cheap (1,4 % + 0,25 € for Europan cards). Most of my clients are form the EU, so that is what is relevant to me.

One alternative is Paymill (1,35 %), but only with their Pro account.

Other payment service providers in Europe are Payolution, Brainstree, Paypal, BS PAYONE, mPAY24. Though not cheaper.

Who is beating the 1,4 % on EU card payments that Stripe is offering?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Payment methods to transfer money from users to businesses

Hello all, I am working on an app that connects individual users to businesses (restaurants). I am looking for a money transfer system where I need to transfer money from the user to the restaurant. I've looked into Stripe and Paypal and see that they have processing fees on every charge (in addition to the credit card processing fee). Is there any way we can create an online digital wallet and transfer money to businesses directly? or should we go with one of the 'established' payment apps? How do the apps such as GrubHub or uber eats transfer the payment from user to restaurants?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

[EMQ in Yahoo Finance] EMQ Delivers Enhanced Cross-border Payment Capabilities to SMEs and Payment Service Providers in Singapore

EMQ, a global financial settlement network, announced today that it has significantly augmented its cross-border payment capabilities to address the inefficiencies in international payments for businesses in Singapore.

Read more here.

The post [EMQ in Yahoo Finance] EMQ Delivers Enhanced Cross-border Payment Capabilities to SMEs and Payment Service Providers in Singapore appeared first on OurCrowd.


Cheapest way for online payment processing ?

Is anyone aware of a cheap online payment processing platform ? I've noticed most of these existing platforms like Stripe are charging at least 2.5% + fees and the one that charges 0.5% has very bad reviews.

Due to competitive pressures from I cannot afford to lose that percentage as I would go out of business.

Is anyone aware of a cheaper method or any idea of what to do ?

Do any of the major banks offer their own payment integration api ?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Garnering value proposition interest on landing page but with payment?

We're doing value proposition testing with a landing page. Our service, which isn't free will either be subscription based or commission but we haven't decided. If the landing page simply said:

1) "Interest in a seminar with your favorite expert? Sign up here…." – it could possibly garner interest, but people could assume it is free and give false positives.

Instead of

"2) Interest in a seminar with your favorite expert? Check our pricing models below" – It's more blatant, but people that sign up would actually be willing to pay and a real indication of interest?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Japanese payment service provider Paidy raises $43M from ITOCHU

Paidy, a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $ 48 million Series C extension from ITOCHU.

The company says it has now raised a total of $ 281 million in equity and debt. Its latest investment from ITOCHU, one of the largest Japanese trading companies, was equity funding. ITOCHU previously participated in Paidy’s Series B and C rounds, and this brings the total it has invested into the startup to $ 91 million (the company said it did an extension round instead of moving onto a Series D so it could issue the same type of preferred shares).

Paidy’s last funding announcement was in October 2019, with investors including PayPal Ventures. The company has now raised a total of $ 281 million in equity and debt.

The latest funding will be used to strengthen Paidy’s balance sheet during the COVID-19 pandemic and also support the development of more “buy now pay later” services it will launch later this year.

Paidy’s payment service allows users to make purchases online, and then pay for them each month in a consolidated bill. The company uses proprietary technology to score creditworthiness, underwrite transactions and guarantee payment to merchants. Since many Japanese consumers prefer not to use credit cards for online payments, Paidy’s service can help vendors increase their conversion rates, average order values and repeat purchases.

During the pandemic, the company says usage of its service has increased since more people are buying essential items online, despite declines in spending on travel, hotels and large-ticket items (a state of emergency was declared in Japan last week in Tokyo and six other prefectures).

Shuichi Kato, the executive officer and executive president of ITOCHU’s ICT and Financial Business company, said in a statement that, “We strongly beieve that they will keep playing a critical role in our retail finance strategy as their one-of-a-kind credit examination has been creating a new type of trust, appealing to a wide range of customers. Paidy has also proved that they are capable of implementing prompt solutions in the inevitable battles against fraud, evolving their services to the next level.”

Startups – TechCrunch

The best online payment solutions for WordPress

The best online payment solution depends on your client’s business and what they’re selling.

Here are the best options for common scenarios:

Keep online payments simple with a WordPress form.

For WordPress, one of the most basic online payment solutions involves the use of a reliable form plugin plus a payment gateway.

A payment gateway is a third-party service that evaluates and processes payments and transactions. Stripe, Square and PayPal are popular payment gateway options.

Popular form plugins include Gravity Forms, Ninja Forms and Formidable Forms. Each of these let you built custom forms that can connect to a payment gateway.

Gravity Forms is a premium WordPress plugin for building all kinds of forms. It offers an advanced suite of user-friendly tools and features.

Ninja Forms is a free alternative with premium addons. More than 1 million WordPress websites use it. There are dozens of pre-built templates to choose from, or you can build a form from scratch that meets your clients’ needs.

Formidable Forms is another powerful form-building tool for WordPress. Its visual styler ensures your forms remain on-brand. Dynamic fields auto-fill user metadata, saved entries, and more — leading to a simpler, quicker checkout process.

Add an online store to WordPress using WooCommerce.

WooCommerce is one of the best ways to build an online store with WordPress. According to BuiltWith, it’s used by nearly 90 million sites, making it the most popular ecommerce platform in the world.

WooCommerce lets you easily add local pickup options, and you can use extensions to add more delivery & fulfillment options.

For your clients who sell services, WooCommerce also offers extensions for Bookings and Bookings Availability.

The Bookings Availability extension lets you present a schedule or calendar of available booking options on the site. Customers can then easily book whatever time works for them.

If your client offers ongoing subscriptions, the WooCommerce Subscription extension is an essential addition to their online store. It lets them manage products and services that include recurring payments.

WooCommerce works with all the major payment gateways. If your client is already using point of sale (POS) software, consider additional payment gateways as well, like Square, that will connect with their existing services.

Sell gift cards with WordPress.

PW WooCommerce Gift Cards and GiftUp are two leading solutions for selling gift cards online. Both solutions let customers set the amount to put on a card; who the card is for; and a custom message to send with the card.

Another upside of PW WooCommerce Gift Cards is that it’s a free extension for basic features. You can give it a try, and if you like it, you can support the developers by upgrading to the Pro version. Upgrading will also unlock more customization options.

Sell digital goods with WordPress.

Easy Digital Downloads is the best solution for selling digital goods on WordPress.

This premium plugin makes it easy to sell products like eBooks, PDF files, WordPress plugins, and other digital products. Your client can even set an expiry time and download limits.

Beyond that, Easy Digital Downloads offers a suite of additional options and tools.

Use promo code STAYSAFE to save 25% on Easy Digital Downloads.

Sell subscriptions & premium memberships with WordPress.

When your client’s core business centers on selling information, like education or training, they need to limit access to their paying customers.

Restrict Content Pro and MemberPress are the best options for monetizing content in WordPress by selling and managing site access.

Restrict Content Pro is a premium plugin designed specifically for limiting access to site content. It lets your clients create reports so they can easily keep track of their business performance.

It also comes with built-in support for major payment gateways like PayPal Website Payments Pro, Stripe, Braintree,, and 2Checkout.

Use promo code STAYSAFE to save 25% on Restrict Content Pro.

MemberPress is a more full-featured plugin for building a premium membership site. It lets your client to create, manage, and track memberships.

It also supports digital product sales, and has advanced features for reporting on member engagement.

Sell online courses with a WordPress LMS.

A Learning Management System (LMS) provides all the features your client needs to deliver effective online courses.

It takes an enormous amount of time to create learning material. Your clients deserve to profit from all that time and energy. A WordPress LMS can help them share their knowledge while strengthening their brand with a professional student experience.

Sensei for WooCommerce is a powerful extension for selling online courses with WooCommerce. Your clients can also sell their courses by adding the WooCommerce Paid Courses extension.

Another option for clients selling online courses is LearnDash, which touts itself as the number one choice of major universities, training organizations, and Fortune 500 companies.

LearnDash lets your client sell courses, drip-feed content, issue tests, and grant award certificates. It even has engagement triggers to build automated interactions into courses.

If you’d prefer a more lightweight solution, WP Complete is a customizable alternative that integrates with other membership plugins, including some we mentioned here.

Accept donations with WordPress.

If your client is running a charity or nonprofit organization, make sure they’re set up to accept donations directly on their site.

GiveWP is the top fundraising and donation plugin for WordPress websites. The robust platform gives your clients access to all the functionality they need, from creating tax-deductible receipts to configurable fundraising goals. It’s used by big names like Habitat for Humanity, United Way, and the Cancer Research Foundation.

As with the other solutions we’ve mentioned, GiveWP integrates with the most popular payment gateways, and even some newer ones like Google Pay and Apple Pay (ideal for online transactions).

If GiveWP is more than you need, you could use the PayPal Donations button instead. The button keeps things simple, though you can still customize the design to suit the site.

Get found with effective on-site SEO.

All the right payment solutions in the world won’t do your client any good if customers can’t find them. That’s why it’s vital to have your client’s on-site search engine optimization (SEO) dialed in to drive organic search traffic.

Yoast SEO is the number one WordPress SEO plugin for a reason. It’s easy to use and guides you through on-site SEO adjustments. The Yoast SEO Premium

If your client is targeting local customers, you can give them an edge with Yoast’s Local SEO plugin. This companion plugin to Yoast SEO will help improve your client’s performance in local search results.

If you client uses WooCommerce, consider adding Yoast’s WooCommerce SEO premium extension. It optimizes product pages to perform better in Google search results for online shopping — pushing your client’s online store ahead of their competitors.

The best online payment solution for WordPress depends on your client’s needs.

Your client could lose sales if their customers can’t easily find what they’re looking for; can’t use their preferred payment method; or have difficulty checking out.

Don’t let online payments be the issue. Choose a solution that works for their needs, then turn your focus to marketing and optimizing for conversions.

Your clients are counting on you to help them adapt and sell online. Don’t let them down.

The post The best online payment solutions for WordPress appeared first on GoDaddy Blog.

GoDaddy Blog

Bulgaria-born, UK-based fintech startup can turn Android phone into payment terminal, secures €1.3M amid pandemic

Phos, the UK-based and Bulgaria-born fintech firm that created the first-ever software PoS, which allows merchants to accept payments directly on their phones, has raised €1.3 million in a fundraising round during the coronavirus pandemic.

The round was led by New Vision 3 and also saw new angel investment in the business. This brings the total amount raised by the business to €2.5M.

Turn your Android phone to payment terminal!

With this funding, the company is planning to grow its development team and to introduce new features like PIN on Phone, its Software Development Kit (SDK), and a new integrated loyalty system.

The software developed by phos offers a new method of payment acceptance via smartphones – it turns any Android device into a payments terminal, eliminating the need for additional hardware and reducing TCO (total cost of ownership).

Phos offers rapid digital deployment and is uniquely phone and bank agnostic – any NFC Android phone or tablet can be used, and any bank can act as the acquirer.

Certification with VISA and Mastercard!

This company offers merchants a replacement of old and expensive technology with devices they already own like their phones – and a leapfrog for millions of underserved merchants who are hamstrung by handling costly and unsecure cash.

Based out of Sofia and London Phos was established in 2018 by payments supremo Antonina Martinova, serial entrepreneur Valeri Valtchev and financial services veteran Ivo Gueorguiev, to democratise card acceptance and payments in general.

The POS platform provider is a regulated e-money institution fully licensed to operate across the EU and certified by VISA and Mastercard laboratories for functionality and security. It has offices in London and Bulgaria.

Brad Hyett, Director of phos, said,

“We have an opportunity to revolutionise payment acceptance and help merchants adapt quickly to a cashless society. Phos helps merchants remove the need to use cash and get up and running quickly with existing hardware – NFC-enabled Android phones or tablets – rather than additional POS hardware from other vendors. With over 33 million merchants in Europe unable to take card payments currently, the ease of deployment and speed-to-cash that phos offers customers means we are well placed to be the leader in this category.”

Konstantin Petrov, Partner at NV3, commented,

“We are very happy to lead the investment round in phos and truly believe in the high potential of the company. The all important prerequisites for success are there: a strong and visionary team with years of experience in the field, a huge under-served market of small merchants who do not accept payments other than cash and an innovative technology providing first-mover advantage. In addition, fintech is considered a strategic vertical in the investment strategy of NV3 Fund, so phos is clearly a perfect add to our portfolio.”

New Vision 3 Fund is an early-stage VC fund, the successor of NEVEQ I and NEVEQ II, veterans of the VC industry in Bulgaria and the region. NV3 Fund operates from Sofia, Bulgaria and invests in tech-enabled high-growth companies aspiring to hold leadership positions in the global and/or domestic markets. The Fund is co-financed by the European Structural and Investment Funds under the Operational Program for Innovation and Competitiveness 2014-2020, managed by the Fund of Funds in Bulgaria.

Main image credits: Phos

Stay tuned to Silicon Canals for more European technology news

The post Bulgaria-born, UK-based fintech startup can turn Android phone into payment terminal, secures €1.3M amid pandemic appeared first on Silicon Canals .

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