Payment App

13 Tips For Starting A Successful Payment App (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own payment app? Here are some tips you should know:

Learn more about starting a payment app:

Where to start?

-> How much does it cost to start a payment app?
-> Pros and cons of a payment app

Need inspiration?

-> Other payment app success stories
-> Marketing ideas for a payment app
-> Payment app names

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a payment app:

#1: Ryan Scherf, founder of Payment for Stripe:

We chatted with with Ryan, founder of Payment for Stripe ($60K/month). In our interview, Ryan says:

Stick with it. It’s not always easy. But also, be patient. Results take time -- if they didn’t, everyone would be an entrepreneur.

Read the full interview ➜

#2: Fida haq, founder of shurjoPay:

We chatted with with Fida, founder of shurjoPay ($2M/month). In our interview, Fida says:

I’ve learned that maintaining good relationships with the stakeholders is one of the keys to success.

Read the full interview ➜

#3: Joe Edgar, founder of TenantCloud:

We chatted with with Joe, founder of TenantCloud ($1M/month). In our interview, Joe says:

Once team members realize you embrace mistakes then they too are willing to experiment and create great solutions to the ongoing problems they come across.

Additionally:

Solving a problem you truly understand makes you the subject expert and it will lead to lower building costs, faster to market, and a better fit than competitors.

Read the full interview ➜

#4: Fida haq, founder of shurjoPay:

We chatted with with Fida, founder of shurjoPay ($2M/month). In our interview, Fida says:

Employees always have valuable insights and need to be allowed to share them with the rest of the team

Read the full interview ➜

#5: Rohit Kumar, founder of XPay Life Pvt Ltd:

We chatted with with Rohit, founder of XPay Life Pvt Ltd ($1M/month). In our interview, Rohit says:

Don't lose sight of your first focus.

Additionally:

Trust yourself and your gut!

Further:

It's never going to be easy! Be prepared to grind, burn the midnight oil. If you are not able to do it for your ideas and yourself, who would you do it for?

Read the full interview ➜

#6: Ryan Scherf, founder of Payment for Stripe:

We chatted with with Ryan, founder of Payment for Stripe ($60K/month). In our interview, Ryan says:

One of my biggest regrets is not focusing on my business earlier. We were making money, and I always treated it as just a hobby business.

Read the full interview ➜

#7: Austin Mac Nab, founder of VizyPay:

We chatted with with Austin, founder of VizyPay ($1.7M/month). In our interview, Austin says:

A strong social media presence has helped us show our clients our openness and passion for wanting to help them with their businesses and dreams.

Additionally:

We embody our company culture, practice full transparency, and believe in the “work hard, play hard” mentality.

Read the full interview ➜

#8: Vladimir Kuiantsev, founder of Akurateco:

We chatted with with Vladimir, founder of Akurateco ($100K/month). In our interview, Vladimir says:

Set a vision but anchor it in reality. Dream big, but chart a course with attainable milestones, and remember that growth is a marathon, not a sprint.