Summary
Payment for Stripe, founded by Ryan Scherf, is an app that facilitates in-person payments through the Stripe payment gateway. Launched in 2015, the app allows users to process card-present charges without the need for additional card readers. It's available on both iOS and Android platforms. The app processes over $70 million in annual transactions and generates $60,000 monthly revenue from a 1% service fee on each charge.

Unique Aspect
The app's unique offering lies in its integration with Stripe, providing a seamless in-person payment solution that doesn't require additional hardware, filling a significant gap in Stripe's service offerings.

Approach to kick off
Started as a simple MVP focused on basic charge creation via Stripe, gradually evolving based on market needs and user feedback.

Scoop

Business Model Viability
The business model is highly viable, leveraging the existing Stripe user base and addressing a clear market need for streamlined in-person payments.

Future Projections
Aiming to process $10M monthly in Stripe volume, focusing on user growth and continuous feature enhancements.

Startup Stats

📊 ARR: $720,000

📈 MRR: $60,000

🚀 Startup Costs: $0

👥 Team Size: 1

🌍 Market: Targeting businesses and individuals requiring in-person payment solutions integrated with Stripe

👨‍💻 Users: Users of Stripe requiring in-person payment solutions

💰 Funding: Bootstrapped, initially supported by contract work

👨‍💼 Founders: Ryan Scherf