Underpay - Bank-to-bank payments that grow your business | Product Hunt

(🇬🇧 Only available in the UK for now 🇬🇧)

Hey PH community 👋 Thanks for stopping by!

I'm Dima, the co-founder of Underpay.

At Underpay, our mission is to free online stores from the ~1.5% card payment processing tax and help use these savings to grow your sales 🚀

We're building a new payment method for e-commerce in the UK that uses Open Banking to process payments directly as bank transfers, cutting out the big wig middlemen from card networks like Visa and Mastercard.

What makes us special is that we pass the savings directly to the store's customers in the form of simple, credit card-style reward points. These can be used to offset the cost of the next purchase at any store that accepts Underpay, creating a virtuous cycle of incremental shopping at no extra cost to retailers!

As a retailer, you benefit from increased checkout conversion, new customers learning about you from our app and higher LTV through increased retention - all without increasing your cost base as this is money you would pay to your card payment processor anyway!

Our payment button slots in alongside your existing payment options and the integration process is easy as we work with all the main e-commerce platforms.

Our consumer waitlist already has over 2,000 people eager to shop at your store and earn rewards.

We're launching a closed beta with 50 e-commerce retailers in June 2023. These first 50 partners will get the first £10k of payments completely free (£15k if you're coming from ProductHunt 😍) and amazing advertising on our app.

Visit our website and reach out for a quick 15-min demo of the platform.