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Magic

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Payment platform enabling bank payments to reduce fees and churn.

Overview

Magic is a payment platform that facilitates bank payments for businesses, focusing on issues such as high credit card fees, chargebacks, and subscription churn. The platform targets businesses that aim to enhance revenue and streamline their payment processes. It offers a range of services, including payment processing, fraud prevention, and subscription management. The commercial model of Magic emphasizes secure bank account linking, which is intended to reduce payment failures and improve customer retention. Additionally, the platform features quick launch times and easy integrations, which are designed to provide value through increased revenue and lower operational costs for clients.

Key facts

Founded
2022
Sector
Payments

Business model

Contact

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About Magic

What does Magic do?

Magic is a payment platform that facilitates bank payments for businesses, focusing on issues such as high credit card fees, chargebacks, and subscription churn.

Where is Magic headquartered?

Magic is headquartered in San Francisco, United States.

When was Magic founded?

Magic was founded in 2022.

Which sector is Magic in?

Magic operates in Payments, part of Financial Technology.

Who are Magic's competitors?

Companies similar to Magic include PayPipes, Palomma, and Revolv3.