Palomma

What is Palomma?

Palomma offers a modern API platform designed to simplify and automate payment processes for online merchants and apps, primarily in Latin America. It focuses on enabling direct bank payments that reduce reliance on costly card transactions, cutting fees by up to 70-80%. By tokenizing bank accounts, Palomma allows businesses to securely collect payments and manage payouts with minimal friction. The platform supports seamless recurring and one-click payments, improving conversion rates and operational efficiency for merchants.

Key Features

• Frictionless Pay by Bank

  Enables customers to pay directly from their bank accounts with minimal steps, improving user experience and conversion.

• Bank Account Tokenization

  Securely stores bank credentials as tokens to facilitate future charges without repeated customer input.

• Reduced Payment Fees

  Helps merchants save 70-80% on card processing fees by shifting transactions to lower-cost bank payments.

• Recurring Payment Support

  Supports automated recurring payments for bills and subscriptions with instant confirmation.

• Unified API Platform

  Offers a single API for payment collection and payouts, simplifying integration and scaling.

Use Cases

• E-commerce Payments : Online merchants can offer customers a quick, secure alternative to card payments, boosting sales and reducing costs.
• Subscription Billing : Businesses can automate recurring payments with reliable bank-based transactions.
• Payment Automation for Apps : Apps can integrate Palomma’s API to streamline payment collection and payouts seamlessly.
• Cost Optimization : Merchants in Latin America can significantly lower transaction fees compared to traditional card payments.

FAQs