PayWithMyBank and Trustly Merged
Together, Trustly and PayWithMyBank will enable merchants with a global footprint to accept Online Banking Payments from European and US consumers. The merger addresses the needs of merchants to have an alternative to the card networks and accept online payments directly from consumers’ bank accounts, and for consumers to be able to pay in a fast, simple, and secure way.
Why it’s a preferred payment method
Around the world, people online have preferences for how they pay for things. Online Banking Payments are becoming increasingly popular because of their ease-of-use and security. But when this preferred way to pay isn’t offered, people often jump ship before purchase. Without an online banking payment option in your mix, you're losing out.
Online Banking Payments make life easy
Paying with Trustly means instant satisfaction, watertight security and super simple payments. Using our secure connection, consumers simply sign in to their online banking without ever leaving your site. There’s no sign up, no card or bank numbers to enter, and no billing info to provide.
One agreement. Millions of opportunities.
Just one agreement and one integration gives your business access to millions of consumers in North America and across Europe. It sets you up with integrated multi-currency functionality, providing the platform for your business to expand.
Superior User Experience & Conversion
Our modern, online banking UX is simple and intuitive, driving superior conversion when compared to cards across mobile and desktop.
Strong User Authentication
We address the fundamental shortcomings of cards by strongly authenticating consumers via online banking, including systematic MFA.
Superior Approval Rates
Having fully authenticated consumers, we are able to increase your sales through higher approval rates than cards.
Once Trustly approves a payment, it is fully guaranteed, with no chargebacks.
Trusted by industry-leading companies
Credited by respected organizations
Trustly is a Nacha Preferred Partner for Online Banking Payment & Verification.
In becoming a Nacha Preferred Partner, Trustly joined a select group of innovators contributing to the ACH payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.
White Paper - How to lower payment processing costs and increase approval rates
If you want to learn about how to lower your payment processing costs while increasing your approval rates, download this White Paper. It is designed to give payment professionals an in-depth analysis of card processing costs and hidden fees. Spoiler alert: This white paper could help you improve your margins by using Online Banking Payments.
Podcast - New Tech, New Models: ACH at the POS
PaymentsOnFire® Podcast from Glenbrook Partners. In this pandemic-constrained age, merchants will be looking for lower-cost payments and certainty. Take a listen to Craig McDonald, Chief Business Officer of Trustly, Inc. and George Peabody, Partner at Glenbrook Partners, and learn how Trustly provides a solution.
On-Demand Webinar - Nacha's New Account Validation Rule: Everything you need to know to stay compliant
Hear from Nacha and Trustly, and learn more about the new Account Validation rule for ACH originators. You will discover how clients like AT&T turned compliance into opportunity!
Don't miss out!
Interview: The Global Trend Towards Online Banking e-Payments.
This interview was first published in The Paypers´s Cross-Border Payments and Ecommerce Report 2020–2021, which assesses the change of pace that occurred in 2020 and provides a comprehensive overview of the major trends driving growth in this space, being the ultimate source of information for players interested in selling across borders.
Digital Payment Processing: Performance and Potential for Restaurants and Grocery Chains
Digital payment processing has helped QSRs and grocery chains adapt to the pandemic and realize other benefits: more efficiency, improved customer experience, increased revenue, and more. Each approach to digital payment processing has its pros and cons. Merchants that diversify their options by offering Online Banking Payments can avoid major pitfalls and maximize the benefits for themselves and their customers.
New Nacha Rules and how to comply with them
As we enter into 2021, some Nacha rules are expected to come online that will affect merchants, financial institutions (FIs), and billers. One rule adds a new data security procedure when a merchant/FI/biller keeps its customers’ deposit account information in electronic format. Another rule mandates an account verification step when making an ACH debit payment. We summarize these new rules below.