Touch2Pay provides payments infrastructure for multi-location retailers, owning its own payment switch, devices, and processing platform. This direct control ensures reliability, flexibility, and resilience across in-store and online transactions. The company offers fast settlements, enterprise-grade security, and 24/7 support for medium and enterprise businesses.
Funding
$6.3M 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 the challenge of managing disparate payment systems for in-store and e-commerce transactions, leading to operational inefficiencies and increased complexity. Integrating these systems can be costly and time-consuming, hindering growth and potentially impacting customer experience.
Solution
Touch2pay offers a unified payment platform that consolidates in-store and e-commerce payment processing. The platform supports various payment methods, including credit and debit cards, and integrates with both traditional payment terminals and softPOS technology for Android and iOS devices. This allows businesses to streamline their payment operations, providing a consistent and convenient experience for customers across all channels. Touch2pay's solutions cater to diverse industries, including retail, hospitality, and mobile service providers, offering tailored solutions to meet specific business needs.
Target Audience
Touch2pay primarily targets small to medium-sized businesses (SMBs) across various sectors, including retail, hospitality, and trades and services, seeking to streamline payment processing and improve customer experience. The company also serves POS vendors looking to integrate payment processing into their software offerings.
Features
- Support for both in-store and e-commerce payment processing through a single platform
- Compatibility with a range of payment terminals, including Android-based devices with barcode and QR code scanning capabilities
- SoftPOS (Tap-to-Phone) solutions for Android and iOS devices, enabling contactless payments on mobile phones
- Integration capabilities with existing POS systems via APIs
- Merchant portal for transaction monitoring, reporting, and reconciliation
- Options for offering customers installment plans at checkout