New payment app launches for start-ups and small businesses

  • tapeeno is a downloadable app that instantly transforms phones into mobile card readers with no need for additional hardware
  • Transactions are processed within an hour – significantly reducing funding delays by up to four days
  • Accepts Mastercard and Visa contactless payments
  • No contracts or hidden costs – pay only per transaction
  • Customer approval within 24 hours
  • Ideal for sole traders, growing ventures and individuals processing £2,500 per month or less

A NEW app has launched that will help start-ups and self-employed individuals with processing payments more quickly, reducing funding delays and assisting with cashflow management.

The app, called tapeeno, instantly transforms any Android phone into a card payment machine without the need for additional hardware and processes card payments within an hour – significantly reducing the funding delay most businesses experience when taking payments on other card machines or payment acceptance devices.

Jaime Lowe, Sales Director of UTP Group which developed tapeeno, said:

“tapeeno was developed as a quick, convenient and secure card payment solution for small businesses and sole traders that don’t want to commit to upfront costs or long-term contracts. It’s ideal for self-employed individuals turning over less than £2,500 a month who need a reliable and safe way to process client payments.

“tapeeno uses Faster Processing technology which means there’s the huge advantage of receiving funds far more quickly compared to other card machines or payment acceptance devices. There are no fixed costs or hidden charges to use tapeeno – once you are approved, you only pay a 1.50% fee per transaction. This makes it a cost-effective and flexible choice for sole traders and individuals who need to manage cash flow carefully.”

Customers who sign up to tapeeno will need to complete an online application form via the tapeeno website, provide the required ID, and download the tapeeno app to their phone. Approvals are processed within 24 hours.

tapeeno accepts all contactless payments made by Mastercard and Visa and is currently available to download from the Google Play Store on Android phones.

More information about tapeeno and how to apply can be found on its website or by visiting the Google Play Store.

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