The Future of Bank Transfer Payments - In Your Pocket
TrustistTransfer is a streamlined solution to all of your bank transfer problems, allowing you to collect payments easier than ever
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How TrustistTransfer…

Saves You Money

Reduced transaction fees with minimal monthly payment, with no chargeback risk for merchants.

Saves You Hassle

Remove the use of cards, eliminate the risk of fraud and stop chasing customers for payments.

What is Open Banking?

The New Way Forward

By offering your customer the right payment method and to create a great user experience, merchants (that’s you) have a lot to gain from Open Banking. The reduced transaction fees, reduced fraud and no chargeback risk being the main factors in its recent increase in popularity.

What is Open Banking and What Can it do For Your Business?

Open Banking is a more secure way for consumers to authorise payments straight from their bank account to merchants. No wonder it’s becoming the preferred option of payment.

A customer only has to give permission once with Open Banking, then they can easily pay, without the hassle of credit/debit cards or entering their bank details. There is a 0% fraud risk with Open Banking because of this.

With Faster Payments enabled, Open Banking allows customers to set up regular fixed payments instantly. This is very appealing to merchants looking for the quickest payment option.

A person looking happy on their phone to demonstrate our bank transfer payments service

500%

increase in payment requests made through Open Banking at the end of 2021. 26.6m in 12 months.

71%

of customers abandoned the checkout process when their preferred payment method wasn’t available! TrustistTransfer makes this simple, with cards always changing but their bank accounts always staying the same.

£6.6 trillion

worth of digital payments were made in 2021, a 40% jump in two years!

A phone with the TrustistTransfer bank transfer QR code on

Collecting Payments via Bank Transfer

A New Way to Collect Payments in a Simple, Easy-to-Use Interface

A payment process that is hard to use and takes too long can make you lose out on potential customers. That’s why collecting payments though TrustistTransfer can be beneficial for both merchants and consumers.

TrustistTransfer allows you to collect payments from your mobile device face-to-face using a unique QR code or pay link using Open Banking technology. Taking away the need for PDQ machines and credit/debit cards entirely creates a more streamlined and efficient process for payment collection.

How Does TrustistTransfer Work?

  1. Input the transaction amount. 
  2. Show the QR code/pay link to your customer.
  3. The QR code is scanned/link followed.
  4. The customer makes the payment on their mobile device.

210%

growth in Open Banking payments between April 2021 and April 2022

2,800%

increase in five years! Open Banking payments are expected to exceed £100 billion by 2026

How TrustistTransfer Helps Merchants Like You

TrustistTransfer utilises the power of Open Banking for bank transfer payments and the rapidly increasing use of QR codes. Your customers won’t be the only ones benefitting from using TrustistTransfer, as a merchant you get:

Our transaction fees start from as low as 0.29% versus up to 5% with other payment methods.

Offering your customers the right payment methods is more important than ever, and can bring you a step ahead of the competition. Providing easy payment methods for your customers is guaranteed to increase the chances of them coming back to your business time and time again.

TrustistTransfer uses the customers bank log in for authentication, meaning a safer experience for them, saving you any potential headaches. Cutting out credit/debit cards also reduces the risk of NFC fraud, with the added bonus of utilising technology already owned by both yourself and your customer – their and your own mobile phones.

With the safety of TrustistTransfer the risk of fraud is hugely decreased meaning no chargebacks for you. That means any money you earn from a transaction stays with you for you to use to further grow your business, and have peace of mind knowing the payment won’t be questioned in the future.

The customer completes the payment straight away so you can avoid having to follow up on payments.

a person looking happy out of a window to show the happiness you feel from the benefits of TrustistTransfer bank transfer payments

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