EmailOctopus
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EmailOctopus takes a no-frills approach by building on Amazon SES, which means you get competitive sending rates if you're willing to handle your own infrastructure. This appeals to developers and technical senders who understand SES and want to minimize per-email costs. It's ideal if volume matters more than fancy interface features.
The platform keeps things simple so costs stay low. You'll need some technical comfort with email sending to get the most from it.