Pomelo Pay expands Covid-19 proof payment support to SMEs
Digital payments start-up Pomelo Pay has expanded its Covid-19 proof payment support to SMEs with an unlimited processing offer. The move is intended to help businesses come back stronger in 2021 as restrictions loosen thanks to the vaccine roll-out while still offering a suite of products that facilitate Covid-safe payments.
With a one-off set cost for unlimited processing, businesses will not only have peace of mind that they know exactly what they are paying but can potentially save thousands depending on how much they normally process.
Pomelo Pay was one of the first payment service providers to launch Covid-19 proof payments by enabling businesses to accept both in-person and remote payments using QR code technology, eliminating the need for cash or payment terminals.
The business has seen an unprecedented rate of sign-ups throughout 2020 as companies and self-employed traders take advantage of its industry-leading contactless payment solutions.
The offer gives business owners complete access to Pomelo Pay’s full suite of contactless payment and analytics tools. This includes the ability to take payments remotely, create an online shop, take in-person payments with your phone, cashback rebates and more. Those who sign-up will also receive preferential rates after the offer period ends and priority customer support.
As part of its pledge to constantly innovate, the fintech start-up has just introduced two key features: pre-authorisation, which allows businesses to take deposits by freezing a set amount on a customer’s card, and user management, a full suite of products which enables staff to take payments at no extra cost. One of the earliest businesses to take advantage of this product is a taxi fleet in Scotland whose drivers can now take payments on their phones without any upfront investment from the company.
Vincent Choi, CEO and co-founder of Pomelo Pay, said: “2020 will be remembered as a historically difficult year for small business owners, however the ability they have shown to adapt their offering and customer experience – so often at very short notice – has been remarkable. Pomelo Pay are determined to make the lives of growing business owners easier. We want more SMEs to succeed and hopefully this special offer and new features will help them to navigate this current, uncertain period and prepare for a rosier 2021.”
Tom Tran, owner of Pomelo Pay client Phoreal: “Pomelo Pay is a powerful tool that allows my business to engage with my customers freely online, build better relationships, increase sales and invest in better marketing for the future. It has boosted my revenue 10% with online orders, which I never achieved in the past.”
In November, Pomelo Pay secured a £2.1m investment in a seed funding round led by Force Over Mass. The investment will be used to expand Pomelo Pay’s rapidly growing team and build on its international reach – which includes offices in London and Singapore – with an expanded presence in countries across Europe and Asia. The business was also recently selected to join Tech Nation’s Fintech 3.0, a growth programme for the best and brightest UK fintechs.
