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Dessert Pay — Accept card payments on your phone with no dongles required
Transform one more industry from HW devices to a smartphone App
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Replies
Markiyan Malko
Taking card not present transactions in lieu of card present typically results in much higher interchange costs. How do you get around that difference? Do merchants choose to pay a higher fee in exchange for not having a card reader and better UI?
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@markiyanm That's a very good question.
At first step we made some tweaks as
- convenience fee (allowed to use in US) to pass that fee to customer (a lot of them are ok with this in the US);
- tips that could override the differences in transaction fee.
And as I've mentioned before, we are trying to bring additional value, that should be X times higher than the transaction fee delta.
Thanks for your question and I'll be happy to chat if you want :)
@ibrahim_hasanov wow, that's a lot. Sorry to hear.
We are going to make a Paypal connection as an alternative.
But as far as I know, all these "Super PSP" could do this occasionally.
@lisovoy88 Thanks Alexander. There is so much community support this year, it cannot be overestimated.
Thanks to everyone who helps new companies with networking, advice and experience! 👍👍
Awesome Mikhail, congrats with a release on the Product Hunt.
Soft-post is the future. I love your elegant payment solution.
@igoralekhin Thank you Igor! Now the task is go get merchants to know of our solution. Hope PH and Kickstarter will make a boost!
@alex_papageorge Thanks Alex! Can I ask you, what did you like the most and what moments are not that good?
Congrats with a launch, Mikhail!
You told you are open for suggestions: market segments, ... etc. So, could you give a bit more information about current Dessert Pay strategy: what markets are you planning to enter?
@new_user_10205faba5 Darya, we are targeting the US at first ✌️ Brazil and India are on roadmap
Nice intro video. Was talking to a payments startup recently that were endeavouring to solve similar pains for small businesses in the UK. Is your plan to monetise on the data side?
And last week, was reading about The Cafe Grind (a coffee shop in New York). They use their point-of-sale system to keep tabs on customer visits and how long it takes to serve people, and in turn to monitor what's selling. Apparently, it saves them 5-10 hours per week in managing logistics (and I guess it helps with managing inventory too).
@lynnastyie We have two options to monetize, it could be a small monthly fee or something like 0,2% on top of the transaction. But our aim to bring much more value to merchants, not just process the transaction and take a fee :)
@mikhail_gorin I think you might have a lot more :) But depends whether you want to capture value merchant side or through other means. Most of the payments startups I see are either doing/planning to do one or the other or both—and then some haven't decided yet. Giving it away for free (indefinitely) is great for distribution (assumes the product value is there), but it implies the data will be commercialised. Seems to a lot of clamour about big data out of small firms, curious to see where that trend ends up.
"bring[ing] much more value to merchants, not just process and take a fee" always sounds good!
Congrats on the launch.
Hey guys, thanks for supporting us!
We are opened to partnership and your ideas. Reach us through the website to get in touch. Cheers!
Hey, Hunters
We are a Dessert Pay, replacing Hardware POS-terminals for Card payment acceptance with just a Smartphone App (It's like Square but no dongles required).
https://www.dessert-pay.com/prod...
We've made Stripe integration to Accept all card types (app is live and available in Google market) and also working on PCI certification to support in-person transactions with lower fees for Visa and MasterCard.
Besides just transactions, we want to make our solution the most convenient for small businesses and help to solve their pains.
It could be some personal services, small sales, couriers, occasional or seasonal businesses — persons required to accept payments at any moment or companies needed to start acceptance right now.
We're already implementing some ideas but aimed to make a merchant's life easier, not just provide tons of functions. So we'll do appreciate your feedback and suggestions: market segments, their biggest pains, something they or YOU need the most but can't get for today.
For today we are already preparing:
- Referral program. We’ll share our transaction commission with any person, who bring us merchants by suggestion. That’s’ really cool!
- Anti-fraud and anti-chargeback capabilities promoting merchant funding.
- Open API to make Dessert Pay an integrated function for any business application.
Let us know your contacts, and we'll be happy to listen to your ideas. Sure you can help to make the world better :)
I would also very much appreciate if you could help us getting attention to this project and repost, to get merchants to know of this opportunity.
Cheers, Mikhail 😊
@mikhail_gorin Wow, this seems pretty revolutionary, if executed right can help the unbanked population around the world, if partnered with cost effective wallet provider! Kudos to the team!
@porush_puri Thanks Porush! We are open to collaboration with business-apps, banks, and service providers. Will be happy to get emails on mike@dessert-pay.com
?makers what fees are charged by the gateway? Which countries are accepted? Are there any withdrawal charges?
@sbrands We have two stages:
At the end it should be connected directly to payments processors (we are in process for integration, but still have to raise funds for PCI certification).
Now, to get it fast and and start the research for better Product-market-fit, we're using processing from Stripe (PayPal is on the roadmap as well).
Stripe's standard fees applied accordingly. I understand they are not the lowest, but we have plan B and also aimed for merchant's value.
As of countries: now we are targeting the US, later the Brazil and India. Thanks to our international networking from the previous experience :)
I hope to see more vendors use such applications, it makes life a tad bit easier for everyone.
@travis_bellington Absolutely agree with you! I think this is a natural way, as it happened with Photo cameras and MP3.
And it opens a lot of new opportunities around the payment function.
That's why we are working on finding new values and new ways to use.
Check some in the description, and you are more than welcome to propose something in addition!