We’ve launched POS Open Banking transactions within our range of cardless, alternative payment methods for POS terminals, building on our release of Open Banking for Ecommerce
This digital payment option provides both merchants and customers flexibility, where users tap their mobile device and follow a few simple steps, paying the way they prefer via their bank or payment account
No cards meaning no fraud during the payment process, making transaction extra secure
Payment comes directly from the bank account via an app, so zero chargebacks
Our Merchants Portal gives you complete control over your transactions in real-time
No payment schemes or third party middlemen are involved meaning less fees for the merchant
Enter your Sale Amount and select the Open Banking option
Ask your customer to scan the QR Code, they will then be directed to their Open Banking app to confirm the payment
Payment will then be show as approved with quick transaction processing, all in real-time
POS Open Banking is provides quick, easy, safe and secure bank verification and online payments, without using a debit or credit card, eliminating the need to type in any card credentials
The payment method is now expanding to POS payment terminals, allowing participating consumers who use the service on their mobile devices to make payments from their bank or payment account via an app
Please get in touch here if you’d like to register your interest in getting POS Open Banking for your business
Once submitted, our team of payments experts will be able to guide you through the process of getting POS Open Banking enabled for your terminals, ensuring your up and running and accepting payments in no time
All transactions made using POS Open Banking are monitored and managed via our Merchant Portal where you can also view your settlements statements. Your monthly statement will also detail any transaction made using POS Open Banking.