Dropp is a Pay-By-Bank platform that facilitates small value transactions with ultra-low fees, providing a cost-effective alternative to traditional card and cash payments. The service includes a digital wallet that supports multi-currency transactions and offers exclusive rewards, enhancing the payment experience for both merchants and consumers.
Funding
$2.7M 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
Traditional payment methods often involve high transaction fees, especially for small-value purchases, making them impractical for microtransactions and creating barriers for both consumers and merchants. Existing digital wallets may also lack privacy features and support for various currencies, limiting user choice and control.
Solution
Dropp provides a Pay-By-Bank platform designed for cost-effective microtransactions, offering an alternative to traditional card and cash payments with ultra-low fees. The platform includes a digital wallet that supports multi-currency transactions, including USD, HBAR, and USDC, and allows users to make payments on mobile and desktop through secure web browser extensions. Dropp emphasizes user privacy, providing a self-managed wallet where users maintain control over their data and can make purchases without sharing personal details. The platform also facilitates the discovery of merchant offers and referral rewards, enhancing the payment experience for both consumers and merchants.
Target Audience
Dropp targets consumers seeking a cost-effective and private payment method for small-value transactions, as well as merchants looking to reduce transaction fees and offer more payment options to their customers.
Features
- Pay-by-Bank platform with ultra-low transaction fees suitable for micro-purchases
- Multi-currency digital wallet supporting USD, HBAR, and USDC
- Secure mobile app with integration for web browser extensions, enabling payments across devices
- QR code scanning for seamless payments without entering personal or payment information
- NFT support for collecting, storing, associating, and transferring Hedera NFTs
- Subscription management tools for easy cancellation of unused subscriptions
- Referral rewards program that allows users to earn credits for sharing purchases
- White-labeled wallet options and APIs/SDKs for custom brand integration
- Wallet-free guest checkout option supporting pay-by-bank and credit card payments