PayGarden
PayGarden enables customers to pay you anonymously using major brand gift cards.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $7.0m | Early VC | |
| Total Funding | 000k | ||
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PayGarden is a payment platform that allows online services to accept gift cards from over 100 major US brands as a form of payment. This opens up a new revenue stream for businesses by catering to customers who do not have a credit card or have unspent gift cards.
The platform aims to tap into the massive market of unspent gift cards in the United States, which is estimated to be worth $45 billion. With an additional $120 billion in new gift cards sold each year, PayGarden provides a solution for both consumers and businesses to utilize this dormant value.
For businesses, integrating PayGarden is a straightforward process that allows them to instantly expand their payment options. This can lead to increased sales and customer acquisition, particularly from demographics that are unbanked or prefer to use alternative payment methods. For consumers, it offers a convenient way to use their gift card balances for a wider range of online purchases.
Keywords: gift card payments, alternative payments, e-commerce, payment processing, financial technology, online merchants, unbanked, retail, digital payments, customer acquisition.