The startup provides a pay-by-bank platform that facilitates secure, cardless transactions directly from customers' bank accounts, enhancing payment acceptance rates. By reducing transaction fees, the platform enables businesses to expand their customer base and improve cash flow.
Funding
$1M 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 businesses face high transaction fees and complexities associated with traditional card-based payment systems. This can limit their ability to expand their customer base, especially among individuals who prefer or only have access to bank transfers.
Solution
ETpay provides a pay-by-bank platform that enables businesses to accept secure, cardless payments directly from customer bank accounts. By automating bank transfers, ETpay reduces transaction fees compared to debit and credit card payments. The platform offers instant payment confirmation and direct fund transfers to the merchant's account. ETpay's solution integrates with major banks, providing a seamless payment experience for customers. The platform also includes features for automated reconciliation and fraud prevention.
Target Audience
ETpay primarily targets businesses looking to reduce transaction costs and expand payment options for customers who prefer bank transfers.
Features
- Automated transfer platform for cardless payments
- Integration with major banks
- Real-time payment processing and settlement
- Lower transaction fees compared to card payments
- Instant payment confirmation
- Automated reconciliation
- Fraud prevention measures
- API and plug-and-play modules for easy integration