Grow Startup Funding
How To Accelerate Your Startup’s Funding: Take Advantage of Residual Income
Business management software is in high demand in virtually all business sectors. We know you are ready to triumph in your vertical. The catch? It takes a while to establish yourself as a well-known industry powerhouse. How can you accelerate your startup’s funding in the meantime? Focus on residual income by pairing with a software payment partner.
The Benefits of Residual Income
Acquiring investment capital at the seed stage is tricky and often brings strings attached that can make you uncomfortable. Investors want their money back as quickly as possible, which pushes the focus to short-term returns instead of product quality or customer relationships.
Residual income is different. It’s stable, long term and dependable. Best of all, you decide how to use it. One great way to have access to significant residual income is by adding an integrated payment option to your software offering. Basically, every payment transaction your customers handle generates a percentage for your business. As you build your customer base, that regular income goes a long way.
Partner With a Software Payment Partner
Instead of integrating directly to a large payment processor and going through the time-consuming and expensive Payment Card Industry Data Security Standard (PCI DSS) validation, when you partner with a software payment partner, they take the complexity out of payments. At Paragon Payment Solutions, we offer turnkey APIs that interface with your programming language as well as mobile payment tools that lay the groundwork for any kind of payment option you offer to customers. Providing these increasingly popular all-in-one software services also makes your product more attractive to potential customers.
Positive Effects of Residual Income on Business Growth
How do you benefit from all this residual income from credit card transactions?
- Available seed money for other purposes
- Total freedom to decide how to use your money
- No need to invest in expensive hardware
- Ability to hire talented developers and product gurus or expand other areas of your team
At Paragon Payment Solutions, we value innovative startups. We want you to succeed.
Ready to see our API or open a test account? Looking for more information on our Partner Programs? Are you a merchant with a question? We are here to help!