Vancouver startup Paiid has emerged as a unified payments platform, looking to piece together the fragmented world of financial transactions.
Its innovative technology is shaking up the payments industry by allowing businesses to accept a multitude of different payment types across various channels.
Established with a vision to streamline payment processing, Paiid has developed an omni-channel platform that integrates e-commerce and mobile payments across a range of currencies, including crypto. From traditional card schemes and digital wallets to more recent advancements like Buy Now Pay Later and QR code, Paiid accepts over 100 different payment types across the globe.
At the heart of Paiid’s offerings is a proprietary SoftPOS application, available for download from the Google Play Store. The application lets businesses handle payments, eliminating the need for bulky hardware terminals. Once downloaded, businesses can start accepting payments. Funds are disbursed into a nominated bank account.
Security is paramount in financial transactions and Paiid claims to rise to the challenge by ensuring its platform is PCI-DSS certified.
Beyond facilitating transactions, Paiid’s platform also offers value-added services. The consolidated dashboard provides a holistic view of payment operations, enabling businesses to track transactions with ease. Fraud protection safeguards businesses from potential threats, instilling confidence.
Whether businesses are looking to accept payments online, in-store, or both, Paiid has a solution. With its quick setup process, businesses can fill out a Merchant Application form online and start accepting funds within minutes. This accessibility, combined with the freedom to cater to customers’ preferred payment methods, ensures no sales opportunity is missed.
Paiid says its platform has the potential to propel businesses into new markets. By accepting payments from customers worldwide, businesses can increase their conversion rates and grow their bottom lines.
Whether you’re an e-commerce store, a subscription business, or a digital platform, Paiid can position your payment tech at the forefront of the digital economy, the startup affirms.
Founded in 2022, Paiid heads to Toronto for Collision this month.