We've spent a lot of time with online businesses. What's the most consistent theme we've heard? That they live in a competitive world, with lots of margin pressure. Well, we're here to help. PayWithMyBank is the low-cost online payment alternative to PayPal & credit cards, available to 100% of U.S. consumers with a bank account. We help businesses grow their profits by shrinking payment costs. And also help them increase sales by providing access to more U.S. consumers than PayPal or credit cards, with a user experience that is truly easy.
What about consumers? Since the financial downturn, more Americans have stopped using credit cards altogether (27% of American families have no credit cards¹) or are avoiding them (37% of consumers say they are using their credit cards less²). Instead, theyíre only spending the money they have in their bank accounts Ė and avoiding finance charges and late fees in the process.
At PayWithMyBank, we're here to help people reach their dreams of financial freedom. We make it easy to pay out of your bank account without leaving the merchant's website:
- There's no account to create
- No credit or debit card to reach for
- No bank account or routing number to type in
- All you need is your online banking ID and password
Founded in 2010, we have raised $26 million in funding from Balderton Capital, Wellington Partners and TTV Capital.