New York-based start-up CabbagePay has officially launched in the US offering money movement services for businesses.
CabbagePay launches in the US
Firms can integrate CabbagePay’s prebuilt CabbageLink technology into mobile apps and online stores to enable “cost-effective” payments.
The company claims that its solution enables businesses to save “significantly” on payment transaction fees by charging “under 1%”.
“Moving money is plagued with an excess of fees, fraud, delay,” says Pratt Khot, co-founder of CabbagePay. “Checkout times everywhere have been more frustrating than ever due to the pandemic and merchants are paying tens of thousands of dollars in credit card fees.”
“CabbagePay is capitalising on this untapped market,” he adds. “Our unified Cabbage API supports all tech teams to get setup with less than five lines of code.”
The start-up adds that it offers bonuses and one-time discounts to incentivise customers to make the switch from credit cards.
“For frequent shoppers, the minimal amount paid out via one-time bonus yields a significantly higher ROI, as savings per transaction are adding over time with CabbagePay customers,” says a business owner accepting CabbagePay.
“Moreover, our checkout times decreased by 60 percent.”
-or-
Log in with your FinTech Futures account
Alternatively, post a comment by completing the form below:
Your email address will not be published. Required fields are marked *
DPO Group co-founder and CEO Eran Feinstein retires @DPO Group co-founder and CEO Eran Feinstein is retiring after… twitter.com/i/web/status/1…
CSI sold to two private investment firms in $1.6bn deal 🤫 🇺🇸 US fintech solutions provider @Computer Services Inc… twitter.com/i/web/status/1…
Paytech start-up @CabbagePay launches in the US 🚀 🇺🇸 New York-based start-up CabbagePay has officially launched in… twitter.com/i/web/status/1…
New bank for the 🇺🇸 US military community to launch this winter – Moonbeam Moonbeam, a new #neobank built by US mi… twitter.com/i/web/status/1…
How open banking payments will help businesses keep up 🏃💨 The pandemic forced consumers to spend more online and a… twitter.com/i/web/status/1…
Underwriting with alternative and cash flow data For consumers and small businesses, access to affordable credit p… twitter.com/i/web/status/1…
🇺🇸 US commercial bank @TruistNews acquires tech firm Zaloni’s Arena platform North Carolina-based Truist Financial… twitter.com/i/web/status/1…
DTCC launches DLT-powered settlement platform Project Ion 🚀 @The_DTCC has developed an alternative settlement pla… twitter.com/i/web/status/1…
Receive updates straight to your inbox each day
Available to download for free
Nomination deadline has been extended until 19 August
Find a job or post a vacancy
