Businesses
Pegpay is a web app that helps your business create its own electronic payment system for free.
Why do you need that, you ask? Because money just isn’t what it used to be. These days, your customers are using more forms of “electronic” money like credit & debit cards. That spells trouble for your small business because electronic money goes in and out of databases you don't control, so must pay a fee to use.
The service providers that DO control those databases know that if your business is getting big checks, you don’t mind writing them little checks. The problem is those "little checks" are slowly 'nickel and diming' small businesses to death. While they make their billions off those fees, you're forced to charge customers higher prices to cover your costs.
So, if "fees" are the problem, what’s the solution? FREE, of course! Our free web app lets you harness the power of your own customer database so you can bring overhead down a peg on card processing, interest loans and even local ads. The future of local commerce has finally arrived... and it’s much more affordable for small business owners (and their customers)!
Signup now for free.
Frequently Asked Questions:
How does it work?
Pegpay makes it simple for a local business to create and promote limited-time offers that encourage loyal customers to buy now, and share with friends. You simply share your Pegpay URL (pegpay.com/your_store) with your customers so they can see what offers you currently have available. New local shoppers can find you by search, browsing, email or SMS alerts of new offers in your area. You can use Pegpay to enhance your customer service by allowing customers to research and place orders online, then pick up at your place of business. You can also use your Pegpay as a source of short-term funding by selling store credit to loyal customers at an attractive discount.
How do you guys make money?
When a customer is motivated to buy, they will “peg” your offer. That means they have committed to purchase at the discounted price, and complete their purchase before the offer expires. We sell pegs to buyers for 99 cents each. No minimum to buy, and no strings attached. We give first-time users their first three (3) pegs for free. This way, we guarantee value to the consumer, and provide a free service to the local business.
How do I get started?
Just register for free, then click "Sell" to complete your store profile. Create a URL address for your store to share with your existing customers. You're now ready to make your customers an offer. Customers that are motivated by your offer will signup and "peg it". That means they've committed to purchase at the discounted price before the offer expires. We'll send you an email, or give you an automated phone call as orders are placed. You'll have a printable list of customers coming in to redeem for the day, so you can mark their names off as they come in to your place of business.
If a customer purchases your Pegpay store credit, we add 100% of that purchase to your Pegpay account balance. When you're ready to collect the money you've earned, just click "withdraw funds". We'll process your request immediately and send the money to your PayPal account within 24 hours. We can also send funds by ACH eCheck or regular mail within 3 to 5 business days, upon request.
What does my business currently need that Pegpay helps me need LESS?
Pegpay reduces the need for short-term interest loans.
By offering your Pegpay store credit, your business becomes "customer funded". Having your store credit system online can help you turn your customers into strategic partners. Need an extra $5,000 to replace outdated equipment? Offer your Pegpay store credit to customers that care, instead of offering your debt to a lender that doesn’t. That means you’re using your goods or services as repayment, not your hard earned profits. Plus, you now have customers that are singing your praises because they're invested in your success.
Pegpay reduces the need for local advertising.
The success of "daily deal" websites has proven how far and fast a good local deal travels online. Your customers can easily tell their friends on Facebook and Twitter about offers they've pegged. Plus, new customers can find you by search, or by Pegpay email alerts for your category and city, so you can close sales before greeting (or even meeting) a customer. In short, you get all the social components of a service like Groupon without any fees. With Pegpay, there's no revenue share and no restrictive contracts, so you keep 100% of sales and have complete control of your promotions.
Pegpay reduces the need for card processing.
When customers use your Pegpay store credit instead of loyalty cards, gift cards, credit cards or debit cards, you avoid per-transaction processing fees. You can easily process Pegpay transactions quickly and securely for free on any web-enabled computer or mobile device when a customer comes in to redeem. All you'll need is the customer's name and phone number. No expensive equipment. No wasting money on paper or plastic cards. It's an instant "green" makeover for your business.
