Provides a plug-and-play payment processing system for unattended machines like vending, laundry, and arcade systems, supporting protocols such as MDB, Pulse, and PC-based integrations. By enabling cashless transactions, upselling, and subscription models, it helps operators increase revenue by 25%-50% while reducing operational costs with low-fee hardware and no-app-required setups.
Funding
Funding not disclosed
Founders
Product
Problem
Operators of unattended machines such as vending, laundry, and arcade systems often face challenges with outdated payment methods, limiting revenue potential and increasing operational costs. Traditional coin-operated systems can be inconvenient for customers and create logistical overhead for operators in terms of collection, security, and maintenance. The lack of modern payment options also hinders the ability to implement upselling, loyalty programs, and other revenue-boosting strategies.
Solution
StreamPay offers a plug-and-play payment processing system designed to modernize unattended machines and unlock new revenue streams. The hardware solution enables cashless transactions through tap-or-scan payments, eliminating the need for apps or onboarding. By supporting protocols like MDB, Pulse, and PC-based integrations, StreamPay ensures compatibility with a wide range of existing machines. The system also provides tools for upselling, bundling, subscription plans, and loyalty programs, allowing operators to maximize revenue per transaction and improve customer retention. Real-time monitoring and reporting provide valuable insights into machine performance and customer behavior, while remote management capabilities streamline operations and reduce costs.
Target Audience
The primary target audience includes operators of unattended machines such as vending machines, laundry facilities, arcades, coffee machines, car washes, and other self-service businesses looking to modernize their payment systems and increase revenue.
Features
- Plug-and-play hardware for easy installation and integration with existing machines
- Support for various payment protocols, including MDB, Pulse, DEX, VCCS, and CCI
- Cashless payment acceptance via tap-or-scan, eliminating the need for coins or apps
- Upselling and bundling capabilities to increase revenue per transaction
- Subscription plan options for recurring revenue and customer loyalty
- Built-in age verification for age-restricted products
- Real-time monitoring and reporting for performance tracking and insights
- Remote management capabilities for streamlined operations
- App-free loyalty programs to encourage repeat visits
- SMS alerts for customer engagement and promotional offers