Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. This week, we’re talking with Jonas A. Larsson, CEO of Touch Payments.
In 128 words or less, explain your business idea.
Touch Payments is Australia’s first invoice-based checkout solution for online shopping. We want to simplify online shopping and make it more secure and affordable.
Customers choose Touch Payments and are not required to fill in their credit card details at the checkout; there is nothing to pay at the time of purchase. Instead, they are invoiced for the order and receive their order and have the benefit of receiving their goods before payment.
From shipment, the customer has up to 16 days to settle their invoice, with no interest or other fees, through BPAY, bank transfer, credit card, debit card or even cash at Australia Post.
It’s 100% risk free for the merchant. Touch Payments assumes the risk, …