The startup offers a checkout platform that integrates multiple payment methods and e-commerce website plug-ins to enhance sales conversion rates for online retailers. By streamlining the payment process, the platform enables merchants to effectively increase their revenue and grow their e-commerce businesses.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many online retailers face challenges in optimizing their checkout process, leading to abandoned carts and lost sales due to limited payment options and friction during transactions. Integrating multiple payment methods and ensuring a seamless experience across various sales channels can be complex and costly.
Solution
Beam provides a payment platform designed to streamline online transactions and enhance sales conversion rates for businesses. The platform offers a unified solution for accepting payments across storefronts, social media, websites, apps, and partner platforms. By integrating diverse payment options, including global cards, mobile banking, e-wallets, and installment plans, Beam enables merchants to cater to a wider customer base and reduce transaction friction. The platform also features fast payouts, robust security measures, and a streamlined onboarding process, allowing businesses to quickly start accepting payments and optimize their payment workflows.
Target Audience
The primary target audience includes e-commerce businesses, retailers, and online merchants seeking to optimize their payment processes, increase conversion rates, and expand their reach across various sales channels.
Features
- Universal payment options including global cards, mobile banking, QR PromptPay, e-wallets, and buy now pay later services.
- Support for installment payments with options for monthly fees.
- Fast and flexible payouts with daily or on-demand options across multiple bank accounts.
- VeriFast signup process enabling approval in minutes and activation within 1-3 days.
- PCI DSS compliance and BOT compliance for secure transactions.
- Integration options for storefronts (Beam Bolt), social media, websites, and apps (Beam Checkout), and partner platforms (Beam Bridge).
- Transparent pricing with rates starting at 1.8% for cards and free for PromptPay.