How can Pay iO benefit your business?

Fintech companies are leading the way in the open banking revolution. Pay iO has joined this drive for innovation. Founded by developers and business leaders, its open banking powered platform was designed to help simplify and expedite the payments process for companies of all sizes.

Introducing the card-less checkout. No matter the size of your online retail operation, by using Pay iO, your customers can pay with their fingerprint, facial recognition or their banking passcode. This is a fantastic business opportunity for so many reasons:

+ Direct settlement – Receive the funds instantly. When it comes to cash flow, shortening the time it takes to transfer money is a huge helping hand, especially in unpredictable times.

+ Simple refunds – Refunds can be processed with minimal fuss thereby enhancing the customer experience.

+ No more charge backs – Removing cards means you can resolve disputes directly with customers, saving time and money.

+ Lower fees – Millions are spent every month on card transaction fees. With open banking these fees are a lot less meaning you can improve your margins.

+ No exclusivity – You can use Pay iO alongside as many other payments providers as you like. 

+ This also means customers are less likely to abandon their shopping carts because of a lack of payment options. 

+ No sign up – Customers don’t need to create a Pay iO account in order to use it. It links directly to their bank account. That’s the beauty of open banking.

+ Faster checkout – Card-less checkouts are faster which means an improved customer experience. The more satisfied a customer is, the more likely they are to return.

+ Secure – Eliminates card fraud. Open banking requires customers to give access to their data, but only by consent and is a secure method of doing so.

As an online retailer the message to you is clear. Using Pay iO will help you enhance the experience of your customers, simplify the payments process and save you money, meaning you can focus your time and resources on other areas of your business. Can you afford to wait? For more details get in touch at info@payio.co.uk

Download our brochure here.