About Super Payments

Super Payments offers a payment processing platform that eliminates transaction fees for businesses by utilizing open banking technology and card payment systems. This enables retailers to acquire new customers and increase sales through cash rewards, while significantly reducing their payment processing costs.

```xml <problem> Traditional payment processing solutions often charge businesses transaction fees for accepting card payments, impacting profitability, especially for businesses with high sales volumes or low margins. These fees can also create a barrier to customer acquisition and retention. </problem> <solution> Super Payments offers a payment platform that eliminates transaction fees for businesses by leveraging open banking technology and card payment systems. The platform enables retailers to acquire new customers through cash rewards programs, incentivizing initial purchases and fostering brand loyalty. By offering fee-free payment processing, Super Payments allows businesses to reinvest savings into growth initiatives and improve their bottom line. The platform integrates with major e-commerce platforms and supports various payment methods, including cards, bank transfers, and digital wallets, providing a seamless checkout experience for customers. Super Payments also provides fraud prevention tools and adheres to industry security standards, ensuring secure transactions for both businesses and consumers. </solution> <features> - 0% transaction fees on consumer UK Visa and Mastercard payments, Google Pay, Apple Pay, and UK pay by bank. - Optional paid add-ons for additional payment functionalities. - Cash rewards program to incentivize repeat purchases and increase customer retention. - Customer acquisition program where businesses only pay when new customers make a purchase. - Integration with major e-commerce platforms and custom API for bespoke integrations. - Fraud prevention tools utilizing machine learning and AI-driven insights. - Support for various payment methods, including Buy Now, Pay Later and EU cards. - Next-day payouts for faster access to funds. </features> <target_audience> The primary target audience includes e-commerce businesses and retailers in the UK seeking to reduce payment processing costs, acquire new customers, and increase customer loyalty. </target_audience> <revenue_model> Super Payments generates revenue through optional paid add-ons, fees from non-standard payments, Buy Now, Pay Later options, and by offering non-competing brands the opportunity to show offers post-checkout. </revenue_model> ```

What does Super Payments do?

Where is Super Payments located?

Super Payments is based in London, United Kingdom.

When was Super Payments founded?

Super Payments was founded in 2022.

How much funding has Super Payments raised?

Super Payments has raised 30000000.

Who founded Super Payments?

Super Payments was founded by Samir Desai.

Samir Desai - Founder/CEO

Location

London, United Kingdom

Founded

2022

Funding

30000000

Employees

43 employees

Major Investors

Accel

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Super Payments

Score: 100/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

superpayments.com 7K+

Crunchbase

Founded 2022 – London, United Kingdom

Funding

Estimated Funding

$30M+

Major Investors

Accel

Team (40+)

Samir Desai

Founder/CEO

Company Description

Problem

Traditional payment processing solutions often charge businesses transaction fees for accepting card payments, impacting profitability, especially for businesses with high sales volumes or low margins. These fees can also create a barrier to customer acquisition and retention.

Solution

Super Payments offers a payment platform that eliminates transaction fees for businesses by leveraging open banking technology and card payment systems. The platform enables retailers to acquire new customers through cash rewards programs, incentivizing initial purchases and fostering brand loyalty. By offering fee-free payment processing, Super Payments allows businesses to reinvest savings into growth initiatives and improve their bottom line. The platform integrates with major e-commerce platforms and supports various payment methods, including cards, bank transfers, and digital wallets, providing a seamless checkout experience for customers. Super Payments also provides fraud prevention tools and adheres to industry security standards, ensuring secure transactions for both businesses and consumers.

Features

0% transaction fees on consumer UK Visa and Mastercard payments, Google Pay, Apple Pay, and UK pay by bank.

Optional paid add-ons for additional payment functionalities.

Cash rewards program to incentivize repeat purchases and increase customer retention.

Customer acquisition program where businesses only pay when new customers make a purchase.

Integration with major e-commerce platforms and custom API for bespoke integrations.

Fraud prevention tools utilizing machine learning and AI-driven insights.

Support for various payment methods, including Buy Now, Pay Later and EU cards.

Next-day payouts for faster access to funds.

Target Audience

The primary target audience includes e-commerce businesses and retailers in the UK seeking to reduce payment processing costs, acquire new customers, and increase customer loyalty.

Revenue Model

Super Payments generates revenue through optional paid add-ons, fees from non-standard payments, Buy Now, Pay Later options, and by offering non-competing brands the opportunity to show offers post-checkout.