Facepay provides a payment platform that eliminates credit card processing fees through a low-cost subscription model, allowing auto repair shops to retain more revenue. By integrating with existing payment systems, Facepay enables shops to offer customers various payment options, including contactless payments and subscription plans, resulting in an average annual profit increase of $25,000.
Funding
$2.1M 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
Auto repair shops face significant costs from credit card processing fees, which reduce their profit margins. Traditional payment systems also lack features to enhance customer loyalty and streamline the payment experience.
Solution
Express by Facepay offers auto repair shops a payment platform designed to eliminate credit card processing fees through a subscription-based model. The platform integrates with existing shop management systems, enabling customers to pay via methods they already use, such as PayPal, Venmo, CashApp, and Zelle. Express provides features like real-time payments, upsell intelligence, Amazon incentives, and subscription plans to attract and retain customers. By connecting shops to a broad network of payment options, Express aims to increase profitability and improve the overall customer experience.
Target Audience
The primary target audience is auto repair shops seeking to reduce credit card processing fees, increase profitability, and improve customer loyalty through streamlined payment options.
Features
- 0% fee payments for both the shop and the customer
- Real-time payment processing with instant availability of funds
- Upsell intelligence to identify customers with available spending capacity
- Integration with existing shop management systems (e.g., AutoLeap, Tekmetric, Shop-Ware)
- Amazon incentives to attract and retain customers
- Subscription plan options for recurring maintenance services
- Text-to-pay functionality for convenient payments
- Giving allocation and employee share options for profit distribution
- Chargeback protection