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Business and Product Insights

GoScanPay's key product features revolve around simplifying and modernizing payment acceptance. A primary feature is QR code payment, allowing customers to scan a code displayed by the business (on a screen, printout, or sticker) to initiate and complete a payment directly from their smartphone. Another significant feature is contactless payment (NFC), enabling customers to tap their card or mobile device against an NFC-enabled terminal or smartphone to pay. The system is designed to be hardware-light, leveraging existing devices like smartphones or tablets as payment terminals, thus significantly reducing the capital expenditure for businesses. It boasts a 'no fees' or 'low fees' model, likely referring to no monthly subscription fees and competitive transaction rates. The solution also emphasizes speed and convenience for both the business and the customer, facilitating quick transactions. It supports various payment methods, including credit/debit cards (Visa, Mastercard, Amex, Discover) and potentially mobile wallets. Features like 'link payments' or 'payment links' are also indicated, suggesting the ability to generate links for remote or online payments. The platform likely includes reporting and analytics functionalities to help businesses track sales and transactions. Overall, the features are geared towards providing a flexible, cost-effective, and user-friendly payment ecosystem.

Product Portfolio

No Extra Fees on Instant Payouts

ScanPay QR Code Payment

ScanPay One-Tap Payments

GoScanPay Key Value Propositions

GoScanPay's key value proposition lies in providing a cost-effective, hardware-light payment solution that modernizes payment acceptance through QR code and contactless technology. It helps small to medium-sized businesses reduce overheads and offer convenient, fast transactions, improving customer satisfaction.

Cost-Effectiveness
Hardware-Light
Modern Payments
Ease of Use

GoScanPay Brand Positioning

GoScanPay positions itself as an affordable, hardware-light, and modern payment solution for small to medium-sized businesses, focusing on QR code and contactless payments to streamline operations and enhance customer experience.

Top Competitors

1

Square

2

Stripe

3

PayPal Zettle

Customer Sentiments

Customer sentiment appears positive, as the solution addresses key frustrations like high hardware costs and complex POS systems. Businesses are seeking cost-effective, flexible, and modern payment options that GoScanPay provides.

Actionable Insights

Clearly communicate competitive transaction rates and expand marketing efforts to showcase existing global footprint to strengthen brand trust.

Products and Features

GoScanPay's key product features revolve around simplifying and modernizing payment acceptance. A primary feature is QR code payment, allowing customers to scan a code displayed by the business (on a screen, printout, or sticker) to initiate and complete a payment directly from their smartphone. Another significant feature is contactless payment (NFC), enabling customers to tap their card or mobile device against an NFC-enabled terminal or smartphone to pay. The system is designed to be hardware-light, leveraging existing devices like smartphones or tablets as payment terminals, thus significantly reducing the capital expenditure for businesses. It boasts a 'no fees' or 'low fees' model, likely referring to no monthly subscription fees and competitive transaction rates. The solution also emphasizes speed and convenience for both the business and the customer, facilitating quick transactions. It supports various payment methods, including credit/debit cards (Visa, Mastercard, Amex, Discover) and potentially mobile wallets. Features like 'link payments' or 'payment links' are also indicated, suggesting the ability to generate links for remote or online payments. The platform likely includes reporting and analytics functionalities to help businesses track sales and transactions. Overall, the features are geared towards providing a flexible, cost-effective, and user-friendly payment ecosystem.

No Extra Fees on Instant Payouts - Product Description

This product feature, 'No Extra Fees on Instant Payouts,' is part of the broader ScanPay platform. It highlights a core benefit for businesses using ScanPay: the ability to receive funds from transactions immediately without incurring additional charges for this speed. This is a significant value proposition as it addresses a common pain point in payment processing where faster access to funds often comes with premium fees. The feature emphasizes cost savings and improved cash flow management for merchants.

Pros

  • Merchants can access their funds instantly, improving cash flow significantly
  • This feature eliminates extra fees for immediate payouts, leading to cost savings for businesses
  • It simplifies financial management by removing hidden charges associated with faster fund transfers.

Cons

  • The product description focuses solely on the lack of fees for instant payouts and does not detail other potential costs within the ScanPay ecosystem
  • The page provides limited information about the overall ScanPay platform beyond this specific feature
  • It's unclear if there are minimum transaction volumes or other conditions to qualify for these no-fee instant payouts.

Alternatives

  • Competitors like Stripe, Square, and PayPal offer instant payout options, though often with associated fees
  • Traditional banks provide standard payment processing, but typically with longer settlement times and various fee structures
  • Other payment gateways and merchant service providers might offer similar features, requiring a detailed comparison of their pricing models.

Company Updates

Latest Events at GoScanPay

ScanPay | Simplify Jobs, Invoicing, & Payments for Field Service

ScanPay: the all-in-one app for payments, invoicing, and job tracking—perfect for home service pros. No subscriptions, no hidden fees, just easy payments on ...

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You're working hard every day to grow your business, but the ...

Jun 5, 2024 ... ... https://www.goscanpay.com/ #TaptoPay #digitalpayments #franchise #mobilepayments #ScanPay. Instagram. Log in. Open app. goscanpay's profile ...

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ScanPay Blogs

The Ultimate Guide to Mobile Invoicing Apps: Reasons Why You Need Them. One of the most important aspects of any small business is keeping track of finances.

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ScanPay | LinkedIn

https://www.goscanpay.com/. External link for ScanPay. Industry: Financial Services. Company size: 11-50 employees. Headquarters: Redwood City, California. Type ...

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