Sign up for Yoello open banking and get £1Million of free transactions during your first year of trading!•Switch to 0% transactions today
Make significant savings on your transaction fees by utilising Yoello’s Open Banking payments. Secure, instant and significantly cheaper than card based transactions.
Find out how much your business can save on transaction fees by processing payments through Yoello’s Open Banking:
With Open Banking, you can save...
* £20.20 average SPH based on Statista’s weekly average household expenditure in restaurants or cafes in the UK (2020)
** Based on an average Credit Card transaction fee of 3.5%
Card transactions cost UK businesses around £8 billion a year. Transaction fees charged by some of the leading payment providers average around 3%. These also typically take three to four days to be charged. With Yoello, Open Banking transaction fees are completely free, helping you to maintain a better profit margin.
With no chargeback fees and much lower transaction fees, your profit margin is less impacted.
Instant transactions enable businesses to restock and manage cash flow with greater ease.
Because payment transactions happen instantly, it is easier to manage finances and reduce financial admin.
As your customer places an order, they can select 'Pay by Bank'.
The customer then selects their bank and provides consent for Yoello to securely connect.
The customer then authorises the payment and is directed back to Yoello for their order confirmation.
You receive the money in your bank account instantly!
We are currently offering merchants the ability to utilise Yoello’s Open Banking payment functionality with completely free transactions. Get in touch with us today to find out more:
Open Banking is a way for customers to authorise payments directly and securely from their bank account to a merchant's bank account - this cuts out the middlemen and makes it much cheaper and quicker for merchants to receive payments.