Vyne has announced the launch of a no-code payment links solution, allowing builders’ merchants and similar businesses to send “flexible, fast, low-cost payment links with no integration needed.”
The no-code payment links solution enables merchants to receive customer payments via Open Banking by automatically generating and sending payment link emails through an easy to use portal, or through custom URLs which can be added to the merchants’ existing communications. account-to-account payment links. According to the company, this means merchants can add payment links to invoices and remove the need for over the phone or manual bank transfer payments while bypassing high-cost card fees.
Furthermore, they can “easily manage refunds and reconciliation while eliminating high-cost card fees resulting in substantial savings.” Instant refunds can be initiated from a click of the button in the portal, and simple reconciliation can be achieved with downloadable reports and bespoke transaction references. Merchants are also said to benefit from Vyne’s award-winning checkout experience, as customers can make and complete payments in as little as three taps through their own mobile banking app.
William Hand, Product Director at Vyne, said: “One of the biggest challenges for merchants today is how to take advantage of new, easier ways to get paid. Our no-code payment links product unlocks the true simplicity of Open Banking with an off-the-shelf solution, enabling merchants to get set-up and requesting payments within a matter of hours. Along with our automated onboarding journey and optimised checkout, our no-integration solution helps take the complexity out of getting paid.”
Consumers can benefit from the speed and ease of the simple checkout process, as they’re provided with a payment link allowing them to complete payment directly from their inbox, no matter where they are, boosting payment conversion and streamlining merchant cash flow with instant settlement.”
Luke Flomo, Vyne’s Chief Revenue Officer, added: “Integrations often involve time, money and operational effort, so our no-code payment links solution is a perfect fit for those merchants seeking a simple, cost-saving payment method without investing time into integrating. As well as saving on integration, merchants can benefit from reduced fraud and chargebacks, and PCI DSS compliance requirements, As payment links eliminate the need to take card payments over the phone and bypass high-cost card fees so that merchants can retain more of their hard-earned revenue.”
Click here for more information about no-code payment links and the Vyne solution.
