Press kit › Our story
The story of inpay starts on a cold winter day in January 2006 when two friends met at the Coffee Factory in Copenhagen to share a few mugs of hot chocolate...
Flippers and hot chocolate
Apart from discussing the weather (which is something Danes love to do) they talked about an upcoming trip to Greece with their girlfriends and talked about a pair of swim fins that one of them had seen on an English website and wanted to buy and bring on the trip.
The fins were simply perfect. But the English website did not accepts credit card payment from outside Great Britain. Nor did they accept payments by wire transfer because "it is too difficult to administrate and not integrated with our online store". Yes - this was definitely a critical situation!
After discussing the issue for a while - naturally the most important issue of the day - they came up with a various creative solutions: fly to London to buy them at the store? Talk to a friend of a friend who lives in London? Convince the shop to accept payment by sending a letter with 140 pounds in notes?
None of these ideas were really practical so the discussion moved on to talk about what kind of service that would solve the problem 1: It must be instant like credit cards, 2: the e-commerce shop must have a guarantee that they get paid, 3: must be easily accessible for people with internet access.
Bank transfers guarantee that the money will be received, a lot of people with internet access have online banking, but international wire transfers take several days and are too complicated for most people to use.
Two hours and several mugs of hot chocolate with marshmallows later the high sugar intake finally had its effect and a great new idea was jotted down on the infamous paper napkin and inpay was born! :-)
Enable webshops to accept online bank payments from anywhere in the world, by creating a service that controls bank accounts world wide and can inform the webshop as soon as a customer has transferred money to any one of the bank accounts. This way the payment from the customer to the bank account can be local, while the service can be global
The rest is history and today inpay offers its unique service to e-commerce sites and ensures that shoppers world wide can buy what they want and guarantee that the merchant will be paid no matter what, while maintaining the impulsiveness of the shopper.
