[Sample] Open banking payments are finally getting cheaper than cards
Sample article. Pay-by-bank is growing up, and card fees are looking a bit pricey by comparison.
Card fees nibble away at every sale. Pay-by-bank wants a bite of that.
Open banking payments move money straight from your customer's bank to yours, often for a flat fee of pennies.
What has changed
More UK banks now support instant approvals, and checkout apps are adding a pay-by-bank button by default.
Worth knowing
Refunds can be clunkier than with cards, so check how your provider handles them before you switch.
Source: Sample Business Daily