Waiver

Hi Product Hunt! I’m Brenna, Co-Founder of Waivr. We’re launching a single Pay By Bank API that makes recurring payments just a bit smarter. We use a hybrid Same Day ACH and Real Time Payments (RTP) network to move money from customer to merchant at a 10x cheaper rate, within hours, and we eliminate the bounces and payment failures that occur because of credit cards. This means less churn and longer lasting customers. @carolinanmd and I have been building Waivr for 2 years. We actually began our journey back when we were PH newbs (https://www.producthunt.com/prod...) as an app that would prevent the dreaded $35 overdraft fee that banks slap onto your account - for what, a $4 coffee? We did some data analysis with our customers and we came to realize that the overdrafts were many times being caused by subscription services, and there was typically just a cash flow misalignment between when an individual gets paid and when they were charged for a product. So we dropped Waiver’s E and pivoted to solve a much larger pain point that hits merchants and consumers alike - eliminating failed payments and involuntary churn. Here’s the rundown of what we’ve built with Pay by Bank: 💃Customers pay using bank credentials or Face ID. No need to enter bank or card numbers. 🪩No bounces & no failed payments. 💰Fees 10x lower than the card network. 💸Instant disbursement through the RTP network. Some things to checkout: 🍹 See us in action at: https://www.craftmix.com/product... 🎮 Give our demo a try and see how the API works: https://demo.waivr.co/ 🙋‍♀️ If you’re a recurring payments or subscription product looking to reduce failed payments and improve customer retention, let’s talk. As a thank you to the Product Hunt community we have 1K free transactions and intro pricing for the first qualified merchants: https://www.waivr.co/request-access Thank you for your support today - we’re looking forward to hearing your feedback!

and Happy International Women's day from your two female founders! @carolinanmd 👯‍♀️

Great product guys! I was just listening to a podcast (think it was Lenny’s podcast) where they were talking about an insane amount of churn happening from cards just bouncing / expiring. Retention is always the winner - seems like you guys have solved this!