Hiten Shah

Dapi - Accept zero fee instant payments

Dapi is a new way to accept zero fee, instant payment directly from your user's bank account. No fee per payment, No interchange, No intermediaries!

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AJ
Maker
Hello Everyone, This is AJ co-founder at Dapi. We are building a new way for everyone to accept payments without fees. We believe the current payment methods are not built for the digital economy. Accepting payments should not cost 2.5% or even 0.5%. In addition to that, acknowledging a bank payment should not take 5 days (with ACH). With Dapi acknowledging a successful bank payment will be as instant as a card!
Jose Salcedo
@mrcommonsenz AJ This is amazing concept! Would love to connect on some opportunities.
Idris Mokhtarzada
@mrcommonsenz how is it instant? ACH itself takes a long time, not to mention the user can call their bank and claw the transaction back. Do you guarantee the funds?
AJ
Maker
@mrcommonsenz @idris_mokhtarzada We deploy RTP / then Same day ACH/ then ACH. depending on whats available. Initially we will tell you pending payment. once acknowledged we will let you know. So there is Authorization is instant, Confirmation maybe instant maybe not and then settlement in many instances is in realtime. We do not underwrite any credit for the meanwhile if you are asking if we guarantee funds.
AJ
Maker
@mrcommonsenz @jose_salcedo Please let's chat!
Sal Iozzia
@mrcommonsenz Would love early access for our contactless dining ordering solution.
Phelipe Martin
Cool product! Pricing?
AJ
Maker
@mextremartini We look at your Business model. But We do not charge your typical per payment fixed fee + interchange. We only charge subscription. Happy to talk more please reach out to sales we would be happy to discuss more.
Ahmed AlMadan
@mextremartini Thank you! To add on what AJ said, we guarantee that whatever subscription we charge will be 70%+ cheaper than what you're currently paying in interchange fees.
Phelipe Martin
@mextremartini @almadanahmed So, I mean, it's 1% transaction fee? haha
AJ
Maker
@mextremartini @almadanahmed That is not accurate. It is per payment for free. we make money by fixed subscription structure.
AJ
Maker
@mextremartini @almadanahmed Also our savings are on the debt card transaction so you can imagine for a credit card is much more!
Kumar Thangudu
Massive impact. Excited to be working with Dapi.com and helping them scale.
Ahmed AlMadan
@datarade Thanks Kumar, really enjoying our work together!
daniel klein.
Available in Canada? This would be perfect for my startup
Hesham Ghandour
@kingkleiner1 We will be live in Canada soon. Reach out to us on the website and we will get back to you.
AJ
Maker
@kingkleiner1 Hi Daniel. Yes few weeks. happy to talk more please reach out!
Samir Rashed
Congrats, good job
Hesham Ghandour
@samir_soliman Thank Samir! Let me know if I can be of any help!
Samir Rashed
@heshamghandour You're welcome, sure I'll. Good luck
Kumar Thangudu
I think you(all) should tell the story of how you decided to build Dapi somewhere in here. It's something I think other fintech founders would find fascinating.
AJ
Maker
@datarade All three founders were building different Fintech products. I was building a fractional investing platform for EM. there was't a way to send small amounts of money instantly without fixed fee and interchange. So I found my self by accident building an infrastructure to fix that!
Yoshi Yokokawa
@datarade @mrcommonsenz does this work internationally as well?
AJ
Maker
@datarade @mrcommonsenz @yokokawa244 Yes.. but unfortunately we have limited support and fee structure is prohibitive.
Muhammad Vaid
@datarade @mrcommonsenz @yokokawa244 can you please elaborate on this?
Hannah Konitshek
🦄🦄🦄
AJ
Maker
@hannahkonnn One day We hope. :)
Hannah Konitshek
@mrcommonsenz my bet is 5 years flat ;) 🔥🔥
Harrison from VC Guide
Go Dapi :)
AJ
Maker
@vcg_official Thanks Harrison! Few months and we have more exciting stuff to share!
Mo Gwely
Looks great! Is this available in germany?
Hesham Ghandour
@mogwely Dapi is live in several countries in South East Asia, EMEA and South East Asia. Europe is not on the immediate roadmap but will let you know when we launch there.
Mobsting Sal
@mogwely @heshamghandour we would love to consider it fora new project were kicking off. How to connect?
Zubair Naeem Paracha
Best of luck with this, guys. A quick q: the payments can be accepted from US bank accounts only?
Hesham Ghandour
@xparacha1 Hey Zubair! This is our launch in the US market. We can enable payments from banks in several countries in MENA, Africa, SE Asia etc.
Ahmed AlMadan
@xparacha1 Thanks Zubair! What region would you want to accept payments from?
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