Vatorx2
Location: 30 Enterprise, Suite 100, Aliso Viejo, California, United States United States
Stage: Post-launch
Number of employees: 6-15
Funding history:
- Date: 07/2013, Seed: $250 k (post valuation: undisclosed amount).
Short URL: vator.co/mojo-pay-inc
Followers (1)
Awards and mentions
14451_1929
Ranked #13 fastest growing company in Orange County
14451_1927
Total Apps, Inc. was listed on the Inc. 5000 in 2013
Get-listed-300x250

Mojo Pay, Inc.

Startup/business
Aliso Viejo, California, United States United States
http://www.mojopay.com

In simplest terms, MojoPay.com is PayPal 2.0. It offers three distinct advantages that PayPal does not:

Options for live customer support
Dedicated technical support for developers
Aggressive revenue sharing program

  • About
Company description

In simplest terms, MojoPay.com is PayPal 2.0. It offers three distinct advantages that PayPal does not:

  1. Options for live customer support
  2. Dedicated technical support for developers
  3. Aggressive revenue sharing program

MojoPay.com is a licensed Payment Service Provider (PSP) which enables us to process credit cards on behalf of smaller merchants. The sign up process is both simple and elegant. We utilize the Facebook API so clients can open an account with just a few clicks.

We began processing for US-based merchants in December 2013. Our goal is to expand internationally in 2014. We have acquiring banks available in Canada, Germany and Hong Kong with capacity to process in 150+ international currencies. Expansion into international jurisdictions will be predicated upon regional demand.

MojoPay.com is also in the process of becoming a prepaid debit card issuer. This allows faster settlement of transactions and allows us to provide free peer-to-peer transfers of funds. This additional functionality is currently being integrated and we anticipate going live by the end of February.

Lastly, MojoPay.com is a PSP-in-a-box. Becoming a PSP is extremely expensive and time consuming. Larger, well funded companies like Amazon, Square, Uber, AirBNB, Groupon and others were approved to process transactions as a PSP. Smaller companies and mobile app developers who are not well capitalized are not being considered by the banking industry due to heightened risk concerns.

MojoPay.com offers a co-branded solution for these smaller players. We can enable any web, software of mobile app developer to quickly accept payments without the need for risk, compliance, fraud and liability exposure.

Our goal is to empower entrepreneurs to achieve their maximum potential.

 

 


Team
Business model

Provide simpe payment solutions to advertisers and merchants.

Competitive advantage

In simplest terms, MojoPay.com is PayPal 2.0. It offers three distinct advantages that PayPal does not:

  1. Options for live customer support
  2. Dedicated technical support for developers
  3. Aggressive revenue sharing program