Proof of Usefulness Report

PaidYET

Analysis completed on 2/8/2026

+45
Proof of Usefulness Score
You're In Business

PaidYET is a legitimate, long-standing payment gateway (est. 2010) with verified positive reviews (e.g., GetApp, ITQlick), but it remains a niche player in a crowded market. The submission suffers significantly from hyperbolic claims (e.g., 'most people have used my product', 'audience reach: everyone') that contradict the verifiable scale (<50 reviews found on major platforms). While the technology is functional and essential, the lack of verifiable growth metrics, the ambiguous revenue data ($17M 'marketcap'), and the low-quality submission drag the score down to the 'Minimal Traction' band.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+20.0
Audience Reach Impact+2.0
Technical Innovation+7.5
Evidence Of Traction+8.0
Market Timing Relevance+4.0
Functional Completeness+0.25
Subtotal+41.75
Usefulness Multiplierx1.08
Final Score+45

Project Details

Project URL
Description
What started out as a basic link to help one client get paid has evolved into one of the most impactful payment gateway solutions available. Our platform was built to help all customers, from in-store retailers and online web stores, to kiosk and mobile transactions. We’ve evolved from having simple hosted payment pages to providing advanced security for card-on-file tokens, fully integrated chip terminals, and multi-channel commerce transactions. For more information visit PaidYET.com or send an email to sales@paidyet.com. Have you been PaidYET?

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline