Product Profile

Satispay

First Release Date: 01.01.2015

Current Version: 2.0.26 updated 21 Feb 2017

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Language Support:

United KingdomItaly

Technology Category: Transaction Banking Payments Money Transfers E- Payments

Screenshots

Product/Service Description

A new payment network that allows people to send money from a smartphone app that is both simple and secure.

Independent from any specific bank or credit/debit card circuits, Satispay has managed to provide its service while lowering the high commissions that are typical of the electronic payment sector. It is thus the first instrument that is usable for everyday payments: from transfers between friends to buying a drink at a café.

Customer Overview

Total Number of customers 100.000

Customer Size Individual , Large Enterprise , Medium , SMB

Customer Type Commercial Banks , Corporates

Target Market undisclosed

Specific georgaphical coverage Europe

Pricing Model

The service is completely free for consumers; no sign up costs, top up fees or commissions for money transfers. There are no sign-up costs or monthly fees for businesses either. The sole charge for merchants is a fixed commission of 0.20 € which is only applicable on payments greater than 10 € (all payments below 10 € are free).

Demo & Case Study Urls The Payment Revolution https://www.youtube.com/wat...

Features

Not only has Satispay developed the Satispay Business app, which is available for smartphone/tablet, or computer, but the company has also confirmed its role as first-mover by integrating with the debit/credit card reader (Ingenico) and cash register software (TCPOS).

Satispay improves the customer’s purchase experience by reducing waiting time with a faster and more efficient payment process. Furthermore, the app provides stores with a solid marketing channel for communicating and promoting shops to potential customers in a non-invasive way. Discounts, promotions and special initiatives are delivered clearly and directly to the receptive and ever-growing community that uses the service habitually, one of the most important tool is the cash back that can be totally customised on merchants’ preferences.

While founded with the aim of facilitating everyday payments and micro-payments, Satispay also provides a smart, simple and instant platform for collecting donations. The non-profit sector is unique in that pennies can have a large impact and businesses often struggle to communicate and raise funds for lack of effective online tools. Satispay is a relevant response to these problems. Regardless of technical proficiency, the app lowers the donation abandonment rate as donors pay in just a few simple clicks. Satispay has also drastically reduced commissions and even provides an efficient tool for measuring and communicating the collection of funds in real-time.

The app is available for Android, iOS and Windows Phone.

Benefits

Improve checkout conversion rate

Satispay, thanks to its features allows business activity in converting every user in a purchaser because of its seamless payment process both online and offline.

Low transaction fees

As mentioned before the service is free for transactions under 10€ and costs only 0,20€ for transactions greater than 10€.

Cash back: powerful marketing tool.

The Cashback is a type of promotion that allows stores to give discounts to their clients in the form of a partial refund. Thanks to this feature Satispay represents a smart tool to improve marketing campaign. Merchants that offer a cash back are easily recognisable and attract the attention of thousands of users. In app description of the cash back promotion is shown with merchant details, providing even more visibility. Evidence of the money saved is immediate.

Ease of use for businesses

Satispay created integrations and partnership in order to provide a payment platform that is compatible with most readily available devices in stores.