quickpenny

QuickPenny is a payment app that bypasses the debit and credit card network to save merchants’ money. All customers pay from their bank account, so QuickPenny can offer payment processing fees that are over 2% of the purchase price less than other payment processors. With the fee savings, merchants can optionally fund a customer loyalty program that we facilitate. Merchants set the loyalty rate and expiration date of any rewards, and we automatically manage everything.
Merchants do not benefit from credit card points because those points can be used anywhere. With QuickPenny, rewards can only be used at the merchant where the rewards were earned. This will drive repeat business. The first 2% of rewards is essentially free since that is how much more it would cost to process credit and debit cards with an alternative like Stripe or PayPal. Assuming less than half of customers redeem, merchants can offer rewards of 4% or more through QuickPenny and still be as well off financially as if the transaction were processed with credit cards. And if the customer redeems, that’s good too because it means the merchant is getting a 2nd sale!
With QuickPenny, consumers benefit from earning rewards without borrowing money. Right now people paying with debit cards do not get any rewards. QuickPenny is a way for consumers to earn rewards without borrowing money on a credit card. Rewards are automatically applied to repeat sales.
QuickPenny works similar to PayPal. People log in to their account with their cell phone number and a one-time password and they authorize payment. QuickPenny securely gets permission to debit people’s bank accounts by using Plaid, the same fintech company that works with Venmo and CashApp.
QuickPenny is secure.
We safeguard financial information with the latest encryption protocols like Advanced Encryption Standard (AES 256) and Transport Layer Security (TLS). All data is secured in transit and at rest.
QuickPenny is hosted in a mature and secure cloud environment. By leveraging cloud infrastructure, we can bring decades of security experience to protecting financial information.
We don’t sell, rent or share financial data with outside companies.
We connect your bank account with the same provider that Venmo and CashApp use. We never see anybody’s bank username and password and neither do our partners.

Quickpenny

QuickPenny is a convenient and rewarding way to make purchases online from your bank account with a PayPal-like digital wallet.

ioTecPay

Install the “ioTecPay” plugin to accept mobile money as a payment method for your products and services. With ioTecPay, you can accept Airtel Money and MTN MoMo payments from your customers in Uganda. With an easy installation process, you can get started in minutes without worrying about complex API integrations. Give your customers a secure, easy and convenient way to pay for products and services. You will also maintain visibility and access to of all your funds in real-time through our convenient online portal. 
The “ioTecPay” WordPress plugin is developed by ioTec Limited, a fintech company licensed and regulated by the Bank of Uganda. To get started, simply follow the installation instructions provided under the installation tab.
<h3>Setup instructions</h3>
Make sure you are an admin user 
At the plugins list page, click on ioTecPay Settings 
OR navigate to WooCommerce -> Settings 
Activate ioTecPay 
Click the Finish Setup button 
Enable the plugin 
Enter your wallet ID, client ID and secret provided by ioTecPay 
Enable Test mode if you are running a local installation of WordPress

Accept Airtel and MTN mobile money payments on your WordPress site.

Quickpenny vs ioTecPay