{"id":90568,"title":"Zenobia Pay - Payments for luxury","tagline":"Pay-by-bank to end high credit card fees.","body":"Hey! We’re [Teddy](https://www.linkedin.com/in/theodore-li-0425b5177/) and [Ryan](https://www.linkedin.com/in/rprendergast/), co-founders of [Zenobia Pay](https://www.linkedin.com/company/zenobia-pay).\n\nZenobia Pay enables luxury brands to accept pay-by-bank and avoid fraud, chargebacks, and credit card fees.\n\nhttps://youtu.be/1dwgU3zQz3k\n\nOnline credit card payments are expensive and rife with fraud. Fees account for 3+% of transaction volume, and high-ticket items account for more than a third of the 100 million annual chargebacks in the US.\n\n**With Zenobia Pay, payments cost only 1%, clear instantly, and are protected with a fraud chargeback guarantee**. Customers link their bank to their own hardware, where it’s stored locally in a secure enclave. Merchant sites never see sensitive tokens or account numbers.\n\nFounders Theodore Li and Ryan Prendergast started Zenobia Pay with a mission to make it 3x cheaper to transact online, bypassing the senselessly high credit card interchange fees that aren’t normal anywhere outside the US.\n\nIf you sell goods online for \u0026gt;$200 and want to 3x lower your fees, email us at [merchants@zenobiapay.com](mailto:merchants@zenobiapay.com). View our site at [zenobiapay.com](https://zenobiapay.com/)","slug":"NYm-zenobia-pay-payments-for-luxury","created_at":"2025-05-20T20:03:21.953Z","updated_at":"2026-05-25T05:02:29.260Z","total_vote_count":38,"url":"https://www.ycombinator.com/launches/NYm-zenobia-pay-payments-for-luxury","share_image_url":"https://www.ycombinator.com/media/?type=post\u0026id=90568\u0026key=user_uploads/2429328/47a6c9de-90be-4c95-b4eb-2525c3870fa7","company":{"id":30435,"name":"Alpha Research","slug":"alpha-research","url":"https://alpharesearch.nyc/","logo":"https://bookface-images.s3.amazonaws.com/small_logos/9da4ac9dd6be01478b419bbfd282d5e379179bc8.png","batch":"Spring 2025","industry":"B2B","tags":["Market Research"],"search_path":"https://bookface.ycombinator.com/company/30435"}}