Apart from receiving funds instantly, merchants can also benefit from reduced expensive credit card swipe fees. The company has aligned with various top financial institutions in the country, payments processors, and ecommerce partners to bring Pay-by-Bank as an integrated part of the customers’ checkout experience.
Sionic’s RTP (real-time payments) service allows merchants to incent their customers for paying with their bank accounts instead of choosing hefty fee credit cards. Pay-by-Bank perks include instant cashback and discounts, as well as free goods and services, at the discretion of each merchant.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now