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September 12-14, 2022
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AmpaCash

Profile

Online merchants typically pay a fee of 2% + 20c per credit card transaction and so cannot sell by credit card items that cost 20c or less, and items with profit margins under 20c. AmpaCash is a fintech processor whose mobile payment solution solves this problem by enabling merchants to perform online micropayments (1c to $2) profitably; content providers – streaming providers, news and game publishers, music vendors -- can all profitably sell micro-priced content online. Apple iTunes with its 99c music downloads has validated micropayments; it made over $10 billion in 2018 (the last year iTunes revenue was broken out separately). In 2020, the top 5 free-to-play games EACH earned revenues ranging from $1.92 billion to $2.45 billion, almost entirely from micropayment transactions. However, these companies have to aggregate transactions; so instead of charging a credit card immediately for a 99c transaction (which is breakeven at best) they wait to see if the user will make additional purchases so the transactions can be bundled into a larger amount to make processing profitable for both the merchant and the card processor. In addition to solving micropayments, AmpaCash also provides Remote Payment; an innovation which enables a user to purchase directly from any screen, e.g., a TV, a monitor, or even a static billboard with the AmpaCash mobile app. There is no provider of online micropayments or Remote Payments in North America.

Headquartered in Marlboro, NJ, and founded in August 2018. Seeking Series A funding. 

Tags: e-Commerce, Mobile payments