You're sick of high fees and crummy service. Your customers are sick of losing control of their personal information. Your ISO is sick of having nothing new to sell. Everyone is sick of the big banks. But there was no alternative, until now. Meet Radpay.
Depending on your type of business, Radpay can improve your net margin by as much as 200%. We do this with our patent-pending merchant card payment solution. Radpay has more than two dozen inventions which blend blockchain (Ethereum Plasma) with PCI-compliant card payment infrastructure and mobile devices to merge convenience, security, and transparency. 1
Radpay works in both card present and card not present environments, which means retailers, etailers, mobile merchants, call centers, and app developers can all access Radpay's rewards system, transactional engine, and value.
Come meet the future. Radpay.
Today, ecommerce sites see seven in 10 shopping carts abandoned. Radpay has a patent-pending solution which can reduce cart abandonment by 36%. When you replace your current payment processor with Radpay, you gain access to our suite of digital payment inventions which drive more business and more customers to you. Radpay puts merchants and consumers in the driver's seat for the transaction, instead of the big banks.
With easy setup, global payments, mobile-ready checkout, comprehensive security, and unique rewards, Radpay helps you efficiently create a seamless customer experience, on the web, in their hand, or on their wrist.
We believe Radpay allows for the democratization and optimization of the $32 trillion global card payment processing industry.
That's a big dream. And so we help you dream big, too. We provide your customers with the ability to pay any way they want. All in their native currencies, or with a digital wallet, or in cryptocurrency. And all while earning crypto-fueled reward points which drive them back to your store!
Whether it's online, in-store, or over the phone, Radpay's patent-pending card payment solutions provide you with a wealth of ways to convert new customers and retain existing ones. Across the counter, across town, across the country, or across the planet, Radpay just works.
That's what business without borders means to Radpay.
Brandon WilleyCEO and founder of Hownd
Josh ElizetxeChief Executive Officer of Foresold NA
Chris DamronEVP and Partner of DFG of Arizona
Alex MashinskyCEO and founder of Celsius
Radpay today announced the commercial availability of their patent-pending payment processing solution to the BigCommerce (NASDAQ:BIGC) eCommerce platform. Radpay’s market expansion addresses more than 40,000 small businesses, and comes just a month after the company completed a 500 Startups bootcamp and graduated from the Arizona Commerce Authority’s Venture Ready accelerator.
“Having heard from small business owners using BigCommerce that they need the benefits of Radpay’s payment processing service, we responded by making our service available to them right now,” said Dana Love, PhD, founder and CEO at Radpay. “This expansion more than doubles our available market size. It continues our commitment to e-commerce merchants to bring valuable card payment features at cost-effective rates.”
According to Morgan Stanley equity analyst Keith Weiss, the 58% year over year growth seen in in eCommerce during 2020 could continue at a 30% annual growth through 2030. Continued use of eCommerce as a replacement for retail and an increase in persistent work-from-home roles both play important factors in the growth of eCommerce, which is already a $3.5 trillion part of the global economy.
Radpay today announced the addition of Carlyle Group co-founder Stephen L. Norris to its advisory board. Norris serves as global finance advisor to Radpay, where he provides advice and guidance on international governmental and finance matters, as well as counsel to Radpay’s CEO.
“The entire Radpay team is thrilled that Steve Norris has joined our advisory board,” said Dana Love, PhD, co-founder and CEO at Radpay. “Steve’s accomplishments are considerable, and his demonstrated expertise in global financing underscores his knowledge of the global markets in which Radpay operates. I welcome Steve to the Radpay board and look forward to working closely with him and benefiting from his incomparable guidance.”
“I’m honored to join Radpay and to begin serving as global finance advisor for the company,” said Norris. “The innovation driving Radpay’s new platform is unrivaled, and the potential for the use of Radpay’s blockchain-powered platform in emerging transnational marketplaces is as exciting as the way it intends to disrupt the global merchant services industry. Dana Love and the entire Radpay leadership team have an extraordinary record of growing leading-edge technology companies. I see enormous growth potential in Radpay in both the U.S. and international arenas.”
Radpay today announced the publication of its first patent by the U.S. Patent and Trademark Office on a blockchain-based secure payment system. Radpay’s innovations uniquely integrate PCI-compliant payments with Ethereum Plasma, digital wallets, loyalty rewards, and analytics to increase merchants’ net margins by 40 percent to 200 percent—depending on the type of merchant.
“We see an opportunity to serve merchants given their needs are shifting faster than existing industry solutions can keep pace,” said Dana Love, PhD, co-founder and CEO at Radpay. “As payment processing rates keep climbing and merchant satisfaction keeps falling, a radical reinvention of payment ecosystems is due. Radpay brings that reinvention.”
Radpay today was named a winner of the Arizona Innovation Challenge. The Challenge is Arizona's leading technology commercialization competition, which includes a vetting process by three different panels lasting more than four months. Overseen by the Arizona Commerce Authority, Challenge winners each receive $150,000 of non-dilutive capital and gain entry into the mentor-led accelerator Venture Ready.
“Radpay constantly searches for new ways to remove barriers to commerce and broaden economic access,” said Radpay’s co-founder and CEO, Dana Love, PhD. “The innovation award is a tremendous validation of our technology and business model. On the heels of our very successful seed round, we can expedite Radpay’s go-to-market strategy and start helping merchants to lower their processing costs, increase their profitability, and improve customer loyalty.”
Radpay today announced the completion of a $1.2 million series seed round reflecting a 20% oversubscription. The round included participation from established Silicon Valley investors, Phoenix-based investment firms Resiliency Ventures and BlackLaunch, as well as investors from Nebraska and Arizona. The round carried a $10.2 million post-money valuation and represents the first outside funding since the company’s founding in July 2018.
“Our company was built on the premise that accepting charge cards need not cripple merchants with high fees and that using charge cards need not saddle consumers with crippling debt,” said Radpay’s co-founder and CEO, Dana Love, PhD. “Since our founding in 2018, we have led the pack in innovating on behalf of e-commerce merchants. This additional capital along with our extensive industry and customer partnerships sets us on a course that will bring transparency, innovation, and value to the stagnant payment processing industry.”
Radpay today announced it was selected as a semifinalist in the Fall 2019 round of the Arizona Innovation Challenge (AIC). A total of 80 applicants were received by the Arizona Commerce Authority (ACA) to compete for one of the 25 semifinalist positions. Companies advancing to this round have been assessed by independent judges against rigorous criteria including economic impact, technology potential, marketing strategy, and quality of management team.
“Radpay is building a scalable and innovative payments business based on blockchain in Arizona,” said Radpay’s co-founder and CEO, Dana Love, PhD. “The Arizona Innovation Challenge amplifies how the State of Arizona and the Arizona Commerce Authority strive to support the development of innovative companies in Arizona. I am pleased that Radpay has been recognized as a semifinalist in a highly competitive field of applicants and congratulate the other companies advancing to this stage.”
Radpay today announced a new patent-pending fraud resistance feature of their digital wallet. Using a novel approach to providing a more fraud resistant transaction, Radpay addresses a $33 billion problem plaguing card issuers, transaction acquirers, and merchants. This follows the earlier launch of Radpay’s CryptoClick™ and SpeedPath™ solutions for e-commerce merchants, upscale retailers, and restaurants, and amplifies Radpay’s novel innovations in the development of modernized payment solutions.
“Digital payment solutions need to be more than a smart phone version of your credit and debit cards,” said Radpay’s co-founder and CEO, Dana Love, PhD. “Radpay is working to reimagine payments, and that includes making fraud protection a central element to our payment system and our digital wallet. One way we’re working to help consumers stay safer is through linking our mobile digital wallet with a variety of payment methods, both card present for retailer and card not present for e-commerce merchants.”
Radpay today announced the development of CryptoClick™, a revolutionary new patent-pending ecommerce technology. CryptoClick addresses ecommerce shopping cart abandonment, a trillion dollar problem for ecommerce sites. CryptoClick follows the earlier launch of Radpay’s SpeedPath™ solution for upscale retailers and restaurants, and amplifies Radpay’s novel innovations in the development of modernized payment solutions.
“Radpay aims to speed the ability for consumers to make fast, efficient buying choices by removing as much friction as possible from ecommerce transactions,” said Radpay’s co-founder and CEO, Dana Love, PhD. “We’re working to be a top partner to retailers in every area of commerce.”
Radpay today announced their participation in the Generation Blue Earth Positive Pledge. The companies contemporaneously announced a partnership to develop and bring to market an Earth positive blockchain-based payment network which protects and regenerates keystone ecosystems.
“Generation Blue’s vision of a regenerative economy aligns ideally with a core use for Radpay’s patent-pending payment token,” said Radpay’s co-founder and CEO, Dana Love, PhD. “Our novel method for tokenized rewards empowers anyone to invest in the protection of vital ecosystems through funding Natural Capital projects such as the Thor Heyerdahl Climate Park mangrove restoration project in Myanmar.”
Radpay today announced the development of SpeedPath™, a revolutionary new patent-pending technology that is anticipated to redefine how restaurants and other merchants accept digital wallets.
“Radpay’s recent patent filing titled ‘A Blockchain-based Secure Payment System’ laid out 26 novel claims. SpeedPath is one of those claims,” commented Radpay’s co-founder and CEO, Dana Love, PhD. “SpeedPath fills the void when a consumer wants to use a mobile or wearable wallet in a retail transaction where the register is not in front of the consumer. SpeedPath lets restaurants accept digital wallets without any capital cost or investment on their part, which is a huge win for digital wallets and a real benefit for restaurants.”
Radpay today announced the addition of Roverr, Inc (dba FetchRev) to Radpay’s growing list of customers. FetchRev has agreed to integrate Radpay’s patent-pending digital payments framework into their solution for both existing and new customers.
“FetchRev is a powerhouse at generating repeat business and increasing foot traffic for retail merchants,” said Radpay’s co-founder and CEO, Dana Love, PhD. “Driving value and delivering lean solutions is also what pushes Radpay to excel.”
Digital Financial Group of Arizona intends to leverage Radpay’s patent-pending distributed ledger technology payment processing gateway and novel reward points system for the benefit of their customers, anticipates cost savings over traditional card processing offerings.
“DFG has a strong track record of making the complex payments industry straightforward and effective for merchants,” noted Radpay’s co-founder and CEO, Dana Love, PhD. “We are excited to see a company which supports more than 14,000 businesses nationwide sign on to offer Radpay to their customer base.”
Leading Arizona consumer brand company intends to leverage Radpay’s patent-pending reward points system for the benefit of their customers, anticipates cost savings over traditional e-commerce card processing schemes.
“Foresold both delivers and demands excellence in customer service and innovation,” noted Radpay’s co-founder and president, Jared Stauffer. “Radpay’s payments framework fits brilliantly with Foresold’s business needs.”
Radpay's two founders spoke today at the Blockchain 48 conference in Phoenix, Arizona. Jared Stauffer spoke about reinventing digital payments and e-rewards, while Dana sat on a panel discussing the current hype around blockchain.
During his talk, Radpay's co-founder Jared Stauffer said “Blockchain is as important a technology to finance as the web is to commerce. Radpay uses blockchain as a central component to our solution.” Radpay’s CEO and co-founder, Dana Love, PhD, observed in his panel that “hype in blockchain is low compared to potential, though there are many community participants with limited ability and drive to realize that potential.”
Celsius Network CEO to serve as chairman of Radpay’s advisory board, adding blockchain skill to rich bench of payments experience.
“This is the second industry where Alex and I have worked collaboratively to disrupt the status quo,” noted Radpay’s CEO and co-founder, Dana Love, PhD. “It’s exciting to sit again at the table with Alex, to have him join Bill and Julian on our advisory board, and to take aim at the $32 trillion global payments industry.”
Radpay's co-founder Dana Love was featured on the popular podcast Blockchain Weekly. Dana joined 22-year Morgan Stanley veteran Angel Lorente and Dennis Kibbe, resident faculty of MCC's Network Academy, to speak about digital wallets, cryptocurrency as a medium of exchange, and digital asset custody.
Appearing on Blockchain Weekly, Dana said: “A free market, an unregulated market, especially in today's society where we can have cross-border conversations, is tremendously important. It's one of the things Radpay does - offers simple, effective, fast cross-border payments.”
Radpay spoke today at the Angel Capital Association's Southwest Regional Meeting. Dana Love, co-founder and CEO of Radpay, led an education session on blockchain in front of more than 60 angel investors. While describing Radpay's use case to various markets, Dana touched on a variety of diligence points, technology matters, and business applications to help better inform the investment processes of attendees.
“For financial and supply-chain applications, distributed ledger (blockchain) is a game-changer,” noted Radpay’s CEO and co-founder, Dana Love, PhD. “Take the $32 trillion global payments industry Radpay seeks to disrupt as an example. Blockchain will be as disruptive as the web was to commerce and mobile phones were to communication.”