Payment Solutions Support for Small Businesses Meet-Up
Last night Waspit hosted an event for small business, giving them information and help with payments solutions.
It was a fairly informal event, in the function room at our local pub. Everyone arrived about 6.30 after battling the rain and headed to the bar!
There were 3 speakers, Daniel Robertson from Skrill which is a PSP and e-wallet provider here in the UK. They generally work with larger companies and international payments. Daniel spoke about what processes each SME needs to go through to set up a payments solution and how Skrill are your acquiring bank as well as providing additional support and security. This gave the start-ups and potential e-merchants a much clearer idea of what a more agile and technology focused PSP can provide, as opposed to PayPal and your High Street banks.
Then Malcolm Rosier, director of QuoteToPay, spoke about his new venture and the difficulties and challenges he has faced in getting payments set-up. Malcolm has a history in banking also and a great knowledge and understanding of the industry having been involved in it from both sides. It became quite clear that everyone in the room had fantastic ideas for their businesses but nothing could happen until they could accept payments. Jennifer, an e-commerce business owner focused on fashion, described it as ‘the chicken and the egg scenario’.
Isidro Fernandez from Avotra was the final speaker and is a Waspit Merchant. He spoke about Avotra offers ground transportation and a fleet management system available to manage global ground transportation supply chains. And then why he chose to work with a smaller PSP such as Waspit. The fact we are 4 blocks down the road was the initial attraction, but also the fact that we offer each client a completely flexible and unique platform with additional functionality even leading companies like PayPal do not bother with.
It became clear that Small businesses and start-ups were not being serviced properly and that was the main reason we hosted this event.
The night concluded with another drink and some networking.
We will be holding another event in a few months so keep an eye out for updates – and please let us know if you have any ideas, suggestions or speakers.