ABOUT US
At ScanPay, we want to change the relationship small businesses have with money. To start with, we're building simple and transparent fin-tech solutions in the US to accept any form of digital payments while also managing cash flow with instant payouts and banking.We think of ourselves as students first - studying the customer, their problems, and constantly asking "why not?" - and then as builders. Our approach has helped gain the trust of our customers and our investors - including Sequoia India, Global Founders Capital, Propel Ventures, and a number of fin-tech Angels.
IN THE NEWS
The Upsides of Mobile Payment Technology for Businesses
In 2020, mobile payment technology collectively welcomed 6.5 million users, most of whom were Gen Z and millennials. They’ve streamlined the technological aspect for several small businesses and professionals.
Halloween 2021: Trick or Treat With 5 Spooky Payment Practices
According to a 2020 report by the Insurance Information Institute, consumers collectively lost $3.3 billion to identity fraud. The scares of Halloween may not be real, but if this statistic is anything to go by, the scare of choosing and using the wrong payment solution is quite realistic.
ScanPay Helps Us-based Home Technicians Accept Digital Payments Without a Card Reader
ScanPay offers a mobile digital payment app for contractors and other service professionals that makes financial transactions easier for all parties involved.
How Contactless Payments Are Becoming the New Normal for the Retail Industry
The COVID-19 pandemic has transformed the way businesses operate. Health concerns, the need to reduce human contact, and changing shopping habits have increased the use of contactless payment options.
4 Benefits of Contactless Payment Options for Home Service Providers
Household services are jobs of a domestic nature requested by homeowners for the proper running and maintenance of their property. They include everything from cleaning to cooking, and basically, everything else that keeps a house in running order.
An Introduction to QR Code Payments
QR code payments are short for Quick Response code payments because they allow users to access information almost right away. Like all things electronic, their usage grew by an impressive 11% in the pandemic’s wake.
The Value-adding Factors of Mobile POS Systems
Mobile POS systems have, by and large, replaced cash registers and manual bookkeeping. These innovations have reduced human error, oversight, and fraudulent activity for smaller businesses that previously lacked a proper payment gateway. And that’s not all these apps have done.
How the Pandemic Changed Cash Flow of Small Businesses
Small businesses have always been first hit by economic changes. The pandemic making maintaining cash flows for small business owners irregular is the most recent example. A report by JP Morgan Chase revealed that many businesses were affected primarily because consumers cut their spending.
ScanPay Solves Late Payout Problems for Small Business Owners
On average, small and medium businesses in the US spend 15 days and $6000 in labor costs to chase delayed payments EVERY YEAR. As of 2020, there were 3.7 million micro-businesses. That was 532,800,000 working hours down the drain. Surprising, isn’t it?
4 Ways to Tackle Unpredictable Cash Flow
In mid-2020, a US Bank study found 82% of the time that businesses failed had to do with the fact that they didn’t understand their cash flow. The lockdown only made things more unpredictable for small businesses and created an 'all bets are off' situation for those who did manage their cash flow properly.
ScanPay is a Leading Company in the Contactless Payment Arena, Providing Businesses With a Platform to Easily Incorporate Mobile Payments Into Their Business Operations
ScanPay helps thousands of businesses in the US accept contactless payments (Apple Pay, Google Pay, Samsung Pay) through the ScanPay mobile payment app.
How to Use Your Smart Phone as a Digital Card Reader
In February 2021, 85% of Americans were reported to own a smartphone. The statistics were a stark contrast to the 35% of Americans who owned a smartphone back in 2011. The new trend is indicative of the fact that most Americans are well-acquainted with the latest technology. Global statistics are no different.