CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
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Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#2I have a friend who runs Zuldi Co has probably spent month and months (and thousands of dollars) looking for a solution like this. He sells point of sale ordering systems so waiters and waitresses can take orders and accept payment at bars/restaurants/casinos etc.
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#3> While other companies like Square and PayPal have provided businesses with the ability to collect payments with mobile credit card readers, businesses are reliant on the provider’s apps to process those payments. CardFlight provides its clients with card readers, and also gives them an SDK to build payment processing into their own branded apps.
Does Square have any future intent to allow this?
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#4Congrats from ff, Tim! We're all looking forward to helping CardFlight grow.
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#5I'm a bit confused about what these guys do even after reading that article. Could someone clarify?
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#6I'm a bit confused about what these guys do even after reading that article. Could someone clarify?
They provide an API for integrating credit card readers into Point of Sale Systems (POS) like e.g a grocery store checkout system or a mobile app to take payments when the card is present.
Besides user convenience compared to entering the credit card information manually the transaction fees for card-present transactions are much lower due to reduced transaction-risk.
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#7I have a friend who runs Zuldi Co has probably spent month and months (and thousands of dollars) looking for a solution like this. He sells point of sale ordering systems so waiters and waitresses can take orders and accept payment at bars/restaurants/casinos etc.
Why not just use Square in this scenario?
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#8I'm a bit confused about what these guys do even after reading that article. Could someone clarify?
Say you are a small retail chain that accepts credit card payments at the cash register, and you want to make things more efficient (Apple-store style) by also accepting payments via portable devices that your employees carry around.
You have a couple of options: a. Invest in proprietary portable payment devices (what Apple does) b. Sign up for a service like Square and invest in iPods or iPhones
Primary problems with (a) are cost and possibly an outdated interface. Problem with (b) is the payments are not tied into your existing infrastructure, and you have to live with Square's 2.75% fee, which may be higher than what you've already negotiated with your card providers.
With CardFlight, you get a card reader like Square's, but you can use their SDKs to collect and send payments into your existing card infrastructure. Square is ideal for independent coffee shops and the like, but if you're a small business with a few locations, something like this is probably the better solution.
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#9> While other companies like Square and PayPal have provided businesses with the ability to collect payments with mobile credit card readers, businesses are reliant on the provider’s apps to process those payments. CardFlight provides its clients with card readers, and also gives them an SDK to build payment processing into their own branded apps. Does Square have any future intent to allow this?
All signs point to no. Square wants to be a prominent brand in the eyes of SMBs and consumers (e.g. Square Register, Square Wallet.) They don't seem interested in offering APIs or other white-label tools that help app developers feature their own brands and experiences. Seems like Cardflight clients can integrate payments into their own app experience, rather than having to push CardFlight's, Square's or anyone else's brand.
Re: CardFlight, The Stripe For Real-World Payments, Has Raised $1.6 Million
#10I have a friend who runs Zuldi Co has probably spent month and months (and thousands of dollars) looking for a solution like this. He sells point of sale ordering systems so waiters and waitresses can take orders and accept payment at bars/restaurants/casinos etc.
Why not just use Square in this scenario?
Most likely Zuldi probably wants to keep their own user experience, inventory, CRM etc. Using Square doesn't allow them to keep control of their brand.