App/tech business of the week ~ PayNow for Stripe

10/10/2016 - 14:10

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PayNow for Stripe is a minimalist point-of-sales app, allowing users to accept credit card payments quickly on any mobile device. NFC is used to enable PayPass payments without any need for a swipe card reader.

NETWORK: Maeve Lander says PayNow now manages payments in one place. Photo: Attila Csaszar

What? ~ PayNow for Stripe is a minimalist point-of-sales app, allowing users to accept credit card payments quickly on any mobile device. NFC is used to enable PayPass payments without any need for a swipe card reader.

Pay Now for Stripe takes a 10-cents transaction fee on each charge made and has already handles more than $1million in a few months.

Where? ~ Website: https://paynow-app.com/, as an app from Google Play, with an Apple app version available soon.

Who? ~ Maeve Lander is the developer and founder, PayNow for Stripe.

Quote ~ "I already used Stripe as an online payment processor, so it made sense to manage all incoming payments in one place. I was in the lucky position of being able to build an app to solve the problem" - Maeve Lander

$/Market ~ With the MVP (minimum viable product) doing so well, the objective now is to scale up through marketing. The business is aiming to raise $10,000 to $50,000 in capital to put into a three to six-month growth campaign.

Stripe is available in 25 countries currently, and processes billions of dollars each year. It’s currently the world’s second largest online payment processor (after PayPal).

PayNow for Stripe launched on July 6 2016 and is ranked #3 in BNiQ Startups list

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