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Would you be more interested if on each transaction you collect rewards and this rewards could give you some advantages (like discounts for instance)?

Let me clarify a few things. It may seem counterintuitive, but we don't need your credit card information to process a payment. You'll be redirected to your bank's app to complete the payment, which is more secure than simply inputting your credit card details. This might seem counterintuitive at first because anyone with your card details could make a payment. However, with 'pay by bank,' you'll be asked to authenticate the transaction using FaceID or whatever method you use with your banking app.

From the merchant's perspective, statistically, you're more protected from credit risk because an ACH transfer is more likely to go through than a card payment.

As for market positioning, we ideally want to partner with businesses that operate in a B2B model. We only facilitate payments from end users to merchants - it's a one-way flow. But to be honest, we're still figuring it out!

We're still figuring that out. It's a challenging topic to tackle at our small scale.

Essentially, for a merchant, the idea would be to guarantee a certain amount when initiating a transaction. From our side, the best we can do is to implement a decision layer that could assess the likelihood of that event occurring. But overall, it’s a very good point!

Design may not be my forte, lol! However, I plan to make improvements to the website and documentation over the weekend.

First, though, I need to ascertain whether it's something people would be interested in using.

I concur that privacy could indeed be a concern. However, accessing your bank information is required to execute a payment. Importantly, we don't retain any information or details pertaining to the payer's account. This information is solely accessed to initiate payment and nothing else. Our aim is to maintain utmost transparency, and we provide you with exact details about the information we access at the time of payment!

The idea isn't to completely abandon cards right away. You could add LeetPay as a 'pay by bank' option to your regular checkout flow. As a business, your end user would then have an additional option.

Essentially, everyone I've spoken with has expressed a desire to save on fees (value prop is clear), but they've also grown accustomed to a particular way of accepting payments, mainly through cards, and it works well for them. The feedback I've gathered suggests that businesses using subscription models might be a better fit for LeetPay, as it's much easier to debit customers on a monthly basis.

I agree, it's a hard sell to use 'pay by bank' for a single payment transaction. Perhaps focusing on subscriptions could be the way forward for it. In this case the saving is much more clear per customer.