Talk 8: Paytailor — Turn your phone into wallet
Paytailor Mobile Wallet. Everything you need in one app
Simple and secure way to pay
Smartest way to shop. Get Paytailor Mobile Wallet app and you’re ready to go!
Imagine the freedom — turn your mobile into your wallet. No cards. No hustle.
Smart wallet inside your mobile
Payment options, payment history, shops, e-shopping, special offers and much more
Everything guy need, safely together in your mobile app.
Payment solution for merchants
Simplest way to accept payments
Read the whitepaper and brainstorming.
EXECUTIVE SUMMARY
Innovators in the payment industry aim to do more than facilitate transactions and help money change hands.
While multinational mobile phone manufacturers compete in the mobile payments market for the same transactions, Paytailor changes the approach by appealing to merchants through simplicity.
Paytailor is a software that enables payments between the merchant and the customer with existing devices and bank accounts.
Innovation improves on the way people interact with businesses. It is not about reinventing the wheel itself, but getting the wheel to do something else. Paytailor is on a mission to connect services to people with smart payments.
To date, Paytailor has grown into a powerful and super flexible payment platform. Paytailor combines payment methods, big data, NFC, location and social aspects of nowadays technological capability. The solution is very flexible, enabling payments app to app, browser to app and IoT payments.
Problems
In many European countries, it is quite common for merchants to pass card payment transaction fee to the customer.
Otherwise the card processing fee significantly reduces merchants’ profit margins.
To avoid the fee from the merchant, customers are either motivated to buy more goods, making the fee manageable by the merchant, or pay in cash.
In several places it is not possible to pay with card.
Paytailor was founded to solve a real problem many people across the world face on a daily basis.
KEY PROBLEMS
- Card terminal infrastructure
- High costs for merchants
- No customer database
Moreover, neither the customer or merchant need to have additional bank accounts simply because Paytailor works with existing bank accounts.
Paytailor skipped the need for integrations, card payment terminals or any other additional hardware for that matter.
The idea of a smart solution that is driven by the actual needs of a merchant, but at the same time, would be as equally simple and useful for the customer, was born.
The idea of a mobile payment was born in a tiny dorm room, in Oxford, UK, where the nearest corner shop charged extra for card payments.
We believe that technology should be serving the people, not the other way around.
SOLUTION & PRODUCT
At a first glance, Paytailor may seem as just two mobile apps, one for the customer and the other for the merchant.
In fact, charmingly simple solution is actually a remarkably powerful and flexible payment platform.
We listen to the market needs and solve real bottlenecks that stand in the way of growth.
Paytailor aspires to lead the change towards creating value for the businesses and building exceptional user experience and culture.
It is not simply about the way people pay, but helping to build a bridge between the businesses and people in a way that would be pleasant and useful for each.
PAYTAILOR FOR THE MERCHANTS
MOBILE TERMINAL APP
Merchant has the opportunity to choose the way of accepting the payment.
PAYTAILOR API
Integrated payment solution.
Once the merchant signs up with Paytailor, they can immediately start accepting payments.
E-COMMERCE
Paytailor built an e-Commerce platform on top of our mobile payments solution.
Mobile terminal can be taken everywhere, allowing to accept payments wherever needed, either at outdoor events or on the go.
Think of an espresso machine connected to internet: integrated with Paytailor’s software, the machine accepts payment from customers via the Paytailor app, then dispenses coffee.
Thus, merchants integrate mobile payments directly into their current point of sale process, leaving the choice of how to pay to the customer.
INTERNET OF THINGS
Once the device is connected to the internet, Paytailor’s platform enables it to accept payments.
Regardless of the method of accepting the payment, customers only need the Paytailor mobile app to make a payment.
Merchants are not required to abandon their investment in their current point of sale software or hardware.
Key advantages:
- Easy to adopt
- Replaces card payment infrastructure
- Helpful tool to increase loyalty
Marketing opportunity
- Messaging API & gateway
- Send SMS notifications for loyalty rewards, discounts, for users who opt in
- Send SMS notifications as users are near merchants offering deals (users opt in)
- Verify phone numbers, not shared with merchants, and spam filters in place
- Scalable API and service as application becomes more popular
More information about the token sale, road map and team:
Website: https://www.paytailor.com/
Facebook: https://www.facebook.com/paytailor
Twitter: https://twitter.com/paytailor
I highly recommend you read the whitepaper yourself if you really want to invest on this Dapp or become an early adopters.
Whitepaper link: https://www.paytailor.com/en/whitepaper.pdf
The ICO process of this app only remains 3 days left. However, I still want to introduce it to all reader because I believe this way of payment is the future
My bitcointalk name: ducnh1022
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1323708
My Account ETH Address : 0xF43F7Afbe5615598290bc29529C15c5Afc706AfC
