Save £1000s on transactions when you switch to Pay by Bank as your primary payment methodSwitch to cheaper transactions today
Make significant savings on your transaction fees with Yoello’s additional payment method, Pay by Bank. Payments are secure, instant and significantly cheaper than card based transactions.
Find out how much your business can save on transaction fees by processing payments through Pay by Bank:
With Pay by Bank, 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 1.5%
Pay by Bank technology is already trusted by more than 5m+ UK users. This technology means payments bypass Visa and Mastercard — creating significantly cheaper transaction fees whilst offering customers an instant and fuss-free payment experience.
With no chargeback fees and much lower transaction fees, you’ll enjoy greater profit margins for your business.
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' as a payment option.
The customer then selects their bank and provides consent for Yoello to securely connect.
The customer authorises the payment and is directed back to Yoello for their order confirmation.
You receive the money in your bank account instantly!
Pay by Bank is an exclusive open banking payment method by Yoello, available only through Yoello
Pay by Bank 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.
Whether you're ready to go, or want to find out more - send us your details and a member of the team will be in touch within 24hrs (Mon-Fri).
Switch to 0% transactions with YPay today