sophiazhang98

<p>Adding Pay by Bank Account as an additional payment option within your checkout offers your customers more choice. It’s an alternative way to pay and means customers don’t need to enter their card details at checkout.</p>
<p>HSBC Open Payments could help you deliver a smoother checkout process for your customers. It could reduce fraud risk, as authentication takes place within your customers’ online or in-app banking platform. It’s easy to integrate with your website and it could save you money: HSBC Open Payments charge a fixed fee per transaction, while debit and credit cards typically charge you a percentage of transaction value.</p>
<p><strong>Highlights:</strong></p>
<p>• Real-time settlement: Payments are made in real time via Faster Payments, and sent directly to your HSBC Business Current Account or Virtual Account.<br />
 • No interchange fee: We charge a fixed fee per successful payment initiation, as opposed to charging a percentage of the transaction value as is typical with debit and credit cards.<br />
 • Reduced fraud risk: You get increased data security, as there’s no need for the customer to key in sensitive financial information on your website in order to make a payment. This helps reduce the risk of details being stolen. You also reduce your risk of fraudulent chargebacks as Open Payments uses Faster Payments, an irrevocable single immediate payment type.<br />
 • Reduce your basket abandonment rate: By avoiding the need to key in debit or credit card details to make a payment, your basket abandonment rate can reduce. Customers who don’t have these details to hand are still able to complete a payment.</p>
<p><strong>How does it work?</strong></p>
<ol>
<li>When your customer selects Pay by Bank Account, you request a payment to be initiated from their account through the HSBC Open Payments Application Programming Interface (API).</li>
<li>Your customer is securely redirected from your checkout page to their bank account provider’s mobile banking app or online banking portal, where they can authorise the payment.</li>
<li>The payment is credited to your HSBC Business Current Account in real time via Faster Payments.</li>
</ol>
<p><strong>Eligibility:</strong></p>
<p>This plugin is provided by HSBC UK Bank Plc (‘HSBC UK’) for existing HSBC UK Open Payments customers. If you’re not an HSBC UK customer but are interested in using the plugin, find out more about our range of award-winning Business Current Accounts here: Compare Our Business Bank Accounts – HSBC UK. Existing HSBC Business Current Account holders should contact their Relationship Manager to find out more about eligibility and how to start using HSBC Open Payments.</p>
<h3>3rd party services</h3>
<p>Our plugin use <a href="https://www.zendesk.com/company/privacy" rel="nofollow ugc">Zendesk widget</a>.<br />
Widget CDN URL [https://static.zdassets.com]<br />
This helps to quickly contact us from the plugin settings.</p>


HSBC Open Payments

Enable Pay by Bank to receive payments through Open Banking

iplus

<p>Smallpay is a company specialized in recurring payments with credit cards; Smallpay is a cloud platform that offers  to the seller  the possibility  of sellingof goods and services in installments with automatic and recurring payment on credit cards. Smallpay offers the Merchant the possibility of payments in installments on any purchase and to charge monthly each installment on the card of his client. It is possible to do this both for the operators of physical stores that access their account with Log-in and password, and for the owners of online shops who have downloaded the plugin and have activated it on their e-commerce site. All merchant’s customers will only have to enter their credit card number in the check-out page for payment of the first installment; the installments following the first one will be debited automatically, on the same card, on the 5th of each month until the current installments are canceled</p>
<h3>Features</h3>
<ul>
<li>Ability to apply installments on product categories</li>
<li>Ability to set up to 3 price ranges on which to apply the installments</li>
<li>Ability to select the minimum and maximum number of installments for each price range</li>
<li>Merchant and customer can view active installment plans</li>
<li>Receiving installment plan updates in the Woocommerce back office</li>
</ul>
<h3>Security</h3>
<p>Being Smallpay a Nexi partner (https://ecommerce.nexi.it/), entrusts to Nexi all the security requirements related first transactions made online by the customer in favor of the operator. Smallpay will send payments after the first only after receiving a security code from Nexi (token), only once a month and only for the number of installments that the merchant has granted to his client for a specific purchase.</p>
<h3>Rates</h3>
<p>Plugin: free<br />
Plug-in maintenance: free<br />
Plugin updates: free</p>
<h3>Commissions</h3>
<p>1 € + VAT per transaction Rate in% of the volume transacted according to the contract signed for XPay.<br />
The monthly cost of the account is € 19.90 + VAT.</p>
<h3>Account and Back Office</h3>
<p>The account dashboard allows the operator to view the status of payments in real time, to analyze the statistics of the payments received and the planning of future payments of installments that will be paid over time.</p>
<h3>What customers will appreciate</h3>
<p>Being able to pay in installments an asset or service with interest 0 is the most important factor and pushes many customers to use the Smallpay service, preferring it to financial services that have very high costs. Furthermore, the activation of installments with a financial company is long and laborious and the practice can be refused. With Smallpay the outcome of the first transaction is given in real time and, if the first installment is successful, the subsequent installments will also be charged to the same card.</p>
<h3>What merchants will appreciate</h3>
<p>Allowing payments in installments for an asset or service with interest 0 allows the operator to sell items of greater value or offer longer-term subscription services. Furthermore, the system is easy and intuitive and no specialized staff is needed to activate an installment plan simply and quickly.<br />
Not least, at the beginning of each month the operator receives in a single solution the total amount of the installments expiring in the reference month</p>


SmallPay

Smallpay is a company specialized in recurring payments with credit cards; Smallpay is a cloud platform that offers  to the seller  the possibility  o …

HSBC Open Payments vs SmallPay