My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
FSA/HSA Health Payment Platform
For: Health-conscious consumers with FSA/HSA accounts wanting to use pre-tax dollars for wellness products
The Problem
Americans have billions in FSA/HSA funds but can only use them at limited merchants. Health-promoting products like supplements, fitness equipment, and healthy food often don't accept these payment methods.
The Solution
Payment integration platform that enables any merchant selling health/wellness products to accept FSA/HSA payments, expanding where consumers can use pre-tax healthcare dollars.
Why Now?
HSA adoption growing rapidly, consumer focus on preventive health increasing, regulatory environment supportive of broader FSA/HSA usage, technology infrastructure for payment processing mature.
Build MVP in 7 Days
Research FSA/HSA regulations for eligible products
Interview 20 health/wellness merchants about payment pain points
Map existing FSA/HSA payment solutions
Create technical integration plan
Design compliance verification system
Calculate merchant value proposition
Identify pilot merchant partners
How to Validate
Revenue Model
Transaction fees (2-3% per transaction), monthly SaaS fees for merchants, potential partnerships with HSA administrators, white-label solutions for larger retailers
Competitive Moat
Regulatory compliance expertise, network effects with merchants and consumers, integration complexity creates switching costs, relationships with HSA providers