Collecting Bank Transfer Payments as a Sole Trader

Reduced transaction fees with minimal monthly payments, with no chargeback risk for a sole trader

The Cheaper Option For a Sole Trader

Collect payments easier, cheaper and safer than before

A phone with the TrustistTransfer bank transfer QR code on

How TrustistTransfer Works

What Can TrustistTransfer do For a Sole Trader?

With TrustistTransfer, you can collect payments easier than ever by using your mobile device, face-to-face using a unique QR code or pay link using Open Banking. Completely removing the need for PDQ machines and credit/debit cards entirely, creating a more streamline, efficient process.

How Easy is it?

  1. Input the Transaction Amount.
  2. Present the QR code/pay link to the customer.
  3. The customer scans/follows the link presented.
  4. The customer makes the payment using their smartphone.

How Can a Sole Trader Benefit?

TrustistTransfer is a more secure way for a sole trader to collect payments and for consumers to make payments. The popularity of Open Banking is rising due to reduced transaction fees, reduced fraud and no chargeback risk – it’s the best option for payment collection. 

The Benefits For You And Your Customer:

  • Ease of Use – 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.
  • Reduced Transaction Fees – By using TrustistTransfer and Open Banking you can experience reduced transaction fees allowing you to save more of your money to invest back into your business.
  • Repeat Customers – 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.
  • Speed – 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 to avoid the 7-day wait often enforced by banks.
  • Protection – Customers using Open Banking feel more secure using a familiar option for payment – their own bank account and details. Merchants are more secure too as they can avoid the risk of chargebacks.
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Do You Want To Collect Bank Transfer Payments Easier?

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A phone with the TrustistTransfer bank transfers app Home Screen