Payplug is a solution that allows merchants not equipped to accept payments by credit card, a market today estimated at 1.5M merchants who do not yet accept payment by credit card.
Available on the web and on mobile phones, Payplug works in a simple circuit: the merchant opens an account, and once the transaction has been made with his customer, he collects the funds on his associated Payplug account, with the bank charges applied to the transactions. The benefit lies in dispensing with costly terminal equipment.
The team, one of whose founders is a former Google, raised € 500k and has just joined the new promotion of Accelerator.
Camille Tyan’s pitch: