Funding
Funding not disclosed
Founders
Product
Problem
Many small businesses lack the technical expertise or resources to set up online payment systems, hindering their ability to accept digital payments and expand their customer base. Existing solutions often require complex programming knowledge or expensive hardware, creating a barrier to entry for micro-enterprises and individual entrepreneurs.
Solution
AlteraPay provides a web-based payment gateway that enables businesses to accept online payments without requiring programming skills or hardware investments. Users can generate payment links, QR codes, and SMS payment requests to facilitate transactions through various channels. The platform integrates with existing e-commerce systems or can be used as a standalone solution, providing a simple interface for managing payment requests and tracking transaction status. AlteraPay partners with Transbank, a payment processor, to handle credit, debit, and prepaid card transactions, streamlining the payment process for merchants.
Target Audience
AlteraPay primarily targets small businesses, entrepreneurs, and individuals in Chile who need a simple and affordable way to accept online payments without complex technical requirements.
Features
- Generation of payment links for sharing via email or social media
- QR code creation for contactless in-person payments
- SMS payment requests sent directly to customers' mobile phones
- Integration with Transbank's WebPay Plus service for secure payment processing
- User portal for managing payment requests and tracking transaction status
- ERP integration capabilities for automated reconciliation of payments
- Option to design custom payment solutions for businesses
- SMS balance top-up functionality