PangoPay

Get paid faster.

4 followers

Get paid faster.

4 followers

We're making it as easy for people to pay you as it is to buy something online. The days of waiting for your invoices to be paid are over. Accept payments online with a link or website integration, and get payments direct to your bank.

Launch tags:Productivity•Fintech•Payments

Launch Team

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Promoted

Hi @adiv_maimon ! How it's working from the legal perspective? You mention on your website: «All transactions are secured by some of the best PCI compliant systems on the planet, including tokenization, risk-based KYC checks and more.» Could you describe that in details: 1. Are you legal business with a necessary license? (like PSP, PI, EMI, e.t.c.) 2. Where are your business is registered? 3. Is it possible for EU business entities to use your services? 4. How exactly you route the money step-by-step? Who is responsible for custodial services? 5. How long does it take to get the money for the business owner? I want to introduce your services to a very big SMB executives club, but I want to be sure before that no stone left unturned!

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6yr ago

Maker

@aaron_levi_yahalom - We use Stripe to process transactions, and do not receive any of the money due to the account. PSP licenses are not needed for this. - USA - Yes, you can see the list of countries when registering or on the pricing page. - see first answer - Depends on the country of the account, but typically 2 business days.

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6yr ago

Blueprint.store

Hey - like the idea! Do you think it's more of a psychological wall for businesses when they don't pay invoices? As in, they know the invoices are there but just don't pay them because they can stretch and bend the credit terms? If you made the process simpler, would that solve the issue or just be a plaster on-top of it? For us (as a business) to pay an invoice we do it with a few clicks in a mobile banking app. If I had to write out my details it would actually be slower (IMO). Have you also seen https://gocardless.com/ ? An interesting solution.

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6yr ago

Maker

@harveyhodd I think that there are many roadblocks. From my own experience running companies, sometimes you want to hold back and keep the money for as long as possible, but other times someone is in control of the bank account and that person is forgetful or incompetent, or there's a long process to go through an accounts department but an easier way to pay with your business card. Either way, I think that an easier and more modern way to pay suppliers from a B2B perspective is needed. On the B2C side, and again from my own experience, life is just busy sometimes. So you want to buy something or sign up for classes of some sort, and then you get distracted and couldn't be bothered to do the whole bank transfer thing. Before long it's too late, and the business lost a potential customer. I think that making it simpler can solve a lot of the problems. Convenience can go a long way to improve the flow of business. You could've asked the same about e-commerce payments 20 years ago. PangoPay gives the payer the option to save their details for future payments. So you might have to enter your details the first time, but after that it's just a verification process.

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6yr ago

Kudos! Looks simple yet effective. Seems like Stripe might be an expensive way to process payments. Are you looking at alternative options? Any other new features and capabilities planned?

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6yr ago

Maker

@david_coonin stripe is the only option from a capability and security standpoint, but we're working to reduce the fees in the future. And yes, we have lots more features planned. Right now they're secret though!

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6yr ago

Maker

@superpayit You mean besides the part where we don't plug our own product on other people's products? Firstly, it's cheaper than your product, so you probably shouldn't comment about the pricing. And second, PangoPay offers an advanced range of customization and integration options, which your product does not.

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6yr ago

Maker

Hi Hunters, We built PangoPay out of frustration. Running a small business, I found it difficult to make sure that invoices we sent to clients were paid on time. We followed up. We annoyed people. And I realized that it affected our bottom line - there was always a drop-off of potential clients at the payment stage. After a meeting with a major European payment gateway, I realized that a huge amount of time, energy and money had been poured in to creating and optimizing payment gateways for e-commerce, but nothing existed for B2B and non-retail B2C businesses. So we created PangoPay. The goal is to translate all the technology and ease of use that’s gone in to buying things online, to the rest of the business world. It should be a simple as entering credit card details to get paid. Have a look at https://pangopay.co, and feel free to ask questions or comment here!

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6yr ago

@adiv_maimon bro i can't see the page :(

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6yr ago

Maker

@navdeep_pasricha Sorry about that - looks like we were updating some stuff when you went on. It took a little longer than expected. Feel free to go to https://pangopay.co now and it will work again.

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6yr ago

Wish I had this a few years ago when I was working for an offshore company. It was hard for them to set up payment with their bank, so it took a long time to get paid.

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6yr ago

Maker

@jon_pienaar PangoPay is a perfect way to solve this problem in the future!

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6yr ago

As a freelancer I've often struggled with cash flow because of slow payments. This has hampered business growth. PangoPay looks like the solution I've been searching for. Quick and easy to use. I can go back to writing knowing that the payments are sorted. Hopefully cash flow will be a painful bad memory.

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6yr ago

Maker

@charles_lee_mathews yes! Exactly the way it's supposed to be.

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6yr ago

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