Is This Innovative FinTech Disrupting Traditional Online Transaction Processing?

• Super Payments is a London-based fintech startup disrupting traditional online transaction processing methods.
• The startup aims to transform the online shopping experience by offering free payments for businesses, only charging commission if a sale is made.
• Its innovative business model challenges the dominance of traditional payment processors like Visa and Mastercard.
• Super Payments’ approach has the potential to revolutionise the financial services industry, offering a more efficient and cost-effective payment solution for businesses.

Super Payments, based in London, England, stands as a clear innovator in the financial services and fintech sectors, challenging traditional payments and transaction processing. The company disrupts industry behemoths, such as Visa and MasterCard, by altering the very dynamics of online transactions and commercial payments.

The startup focuses on the benefits it brings to online businesses. Its mission is to revolutionise the eCommerce sector by allowing businesses to transact without incurring the customary transaction fees. Instead, Super Payments only charges businesses a commission if a transaction results in a sale.

What sets Super Payments apart is its business model that flips the concept of transaction fees on its head. Unlike conventional payment processors like Visa and Mastercard, which charge a fixed fee for every transaction, Super Payments’ ‘Success Fee’ system introduces a new way for merchants to handle online payments – creating a win-win situation for both businesses and their customers.

Another significant differential is its reward system for members. Not only does Super Payments take the burden of transaction fees away from merchants, but it also rewards its member shoppers, enhancing customer loyalty and driving more sales for businesses. This approach could potentially initiate a shift in how businesses manage their payment systems, as they would be incentivised to prioritize a platform that simultaneously reduces their costs and boosts their sales.

Looking ahead, Super Payments has a substantial potential to disrupt the financial services industry further. As more companies become aware of and understand its operating model, Super Payments is likely to witness accelerated adoption. If received positively by the current market, its innovative approach can trigger a significant change in conventional transaction fee policies, leading to improved cost efficiency and the promotion of fair trading conditions.

Follow Super Payments’ journey here, or connect on LinkedIn. The future of online transaction processing could very well be happening right now, within the initiatives of startups like Super Payments. Co-founder Samir Desai’s vision may soon shape to be the way forward in the industry, encouraging dynamically beneficial relationships between businesses and their customer base.