Melbourne, Australia
PayNuts is an Australian payments service provider for small and medium businesses, offering EFTPOS and eCommerce solutions. Their flagship product, Pay Nothing EFTPOS, allows merchants transacting over $10,000 per terminal, per month to pass transaction fees onto customers via a small surcharge, making it cost-free for the merchant to accept a wide variety of payment methods.
In addition to low fee EFTPOS, event EFTPOS, Ecommerce solutions, and payment links, PayNuts also provides 24/7 Australian support and operates with no lock-in contracts or extra fees. This accessibility and affordability make it an appealing option for businesses.
Founded in 2018, PayNuts has been able to leverage the expertise of its founders, Andrew, Richard, and Geoff Branson, who launched the company in May 2023, drawing on their previous knowledge from related payment businesses.
As an investor, keeping an eye on PayNuts can be promising considering the demand for accessible and affordable payment solutions in the Australian market.
