tomato pay to offer low-cost digital payment solution for SMEs

By Megha Bhattacharya

A new QR-code payment and invoicing app, tomato pay, has been launched to offer an easy and affordable way for small businesses and sole traders to receive digital payments from their customers. tomato pay has been created in response to growing demand from SMEs for more affordable non-cash payment solutions and from customers for greater choice when paying for goods and services.

The QR-code based app is free to download, free for consumers to use and the most cost-effective way for businesses to receive payments – almost instantly – into their bank account. It has no card minimum fees, or chargebacks, easy refunds and confirmation of all transactions for both customer and business.

tomato pay’s founder and CEO Nicholas Heller explains: “Community has never been as important as it is today and watching the business and sole trader community struggle throughout the pandemic has spurred many of us to support our local communities and businesses. However, people still want to be able to pay how they choose.

“Our research shows that many small businesses can’t justify the costs of offering card payments, but also, that there is support for QR-code based payments which are far cheaper for small businesses to implement, with four in ten people saying they’d find it easier to pay a small business using a QR code.

“tomato pay is an app designed specifically to support small business owners and remove the headache of finances – starting by ensuring that more of a payment goes to the business and not their payment providers.”