NEW YORK–(BUSINESS WIRE)–FinTech startup CabbagePay has officially launched in major US cities with the goal of redefining the way money moves for all businesses as it continues to penetrate brands, stores, websites and apps. CabbagePay is growing rapidly due to cost-effective payment rails and countless use cases in all industries from retail, freelancing to healthcare, finance. The company allows platforms to integrate pre-built CabbageLink technology into mobile apps, and online stores to make payments cost-effective without leaving the platform’s brand experience.
“Moving money is plagued with an excess of fees, fraud, delays. Checkout times everywhere have been more frustrating than ever because of the pandemic and merchants are paying tens of thousands of dollars in credit card fees. CabbagePay is capitalizing on this untapped market,” said Pratt Khot, co-founder of CabbagePay. “Our unified Cabbage API supports all technology teams to set up with less than 5 lines of code.”
With CabbagePay, businesses save significantly on payment transaction fees, and thus pass these savings on to customers. For frequent purchasing businesses such as gas stations, grocery stores, etc., significant gains accumulate over time when regular customers switch to CabbagePay from credit cards, making the discounts, cashbacks well worth it. Businesses encourage customers to switch to CabbagePay by offering bonuses, one-time discounts. Cabbage App offers customers the fastest way to pay in stores using transient code technology.
“For frequent shoppers, the minimal amount paid out via a one-time bonus yields a significantly higher return, as savings per transaction increase over time with CabbagePay customers. Also, our checkout times have decreased by 60%” says a business owner who accepts CabbagePay in all 18 of his business locations.
Alcohol delivery startup Drinkerrs.com and social media job startup HereHires.com have partnered with CabbagePay to make payments more cost-effective and secure. “We’ve built a foundation to take on a serious slice of the total addressable market (TAM) in the US,” said Pratt Khot, co-founder. “The US card payments industry is the largest market of all, and we are ready to seize this opportunity.”
Interested in joining retailers, businesses across the country that already accept CabbagePay to reduce transaction fees, checkout times and fraudulent transactions? Sign up here or email [email protected].
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