CASHDROP

CASHDROP is a mobile-first, contactless e-commerce platform designed for small business owners and entrepreneurs.

Founded in January 2020 and based in Chicago, Illinois, CASHDROP enables users to create and manage an online storefront from their smartphone in under 15 minutes, with no fees for merchants. The platform aims to make business ownership more accessible, particularly for mobile-native entrepreneurs and those with side hustles. The core offering is a mobile storefront builder that allows businesses to set up online shops without coding or app downloads. Key features include contactless ordering, automatic text updates for customers, sales analytics, and point-of-sale integration for in-person transactions. CASHDROP operates on a unique pricing model where merchants use the platform for free, while customers pay a 5% service fee at checkout. This approach allows businesses to sell without commissions, making it an attractive option for young entrepreneurs, creators, restaurants, and local vendors.