Open Banking-powered account-to-account payments platform Vyne has launched a no-code payment link solution, allowing merchants to send payment links with no integration needed.
The new product enables merchants to collect payments by automatically generating and sending payment link emails through either a portal, or through custom URLs which can be added to the merchants’ existing communications.
According to Vyne, no-code payment links make it easy for merchants in automotive, travel, builders’ merchants, hospitality and high-value retail to manage payments with instant refunds, initiated via one-click in the portal, and simple reconciliation with downloadable reports and bespoke transaction references.
William Hand, product director at Vyne said: “Our no-code payment links product unlocks the true simplicity of Open Banking with an off-the-shelf solution, enabling merchants to get set-up and requesting payments within a matter of hours.
“Along with our automated onboarding journey and optimised checkout, our no-integration solution helps take the complexity out of getting paid.”
Integrations often involve time, money and operational effort, according to Luke Flomo, Vyne’s chief revenue officer.
“As well as saving on integration, merchants can benefit from reduced fraud and chargebacks, and PCI DSS compliance requirements, as payment links eliminate the need to take card payments over the phone and bypass high-cost card fees so that merchants can retain more of their hard-earned revenue,” Flomo added.
At the start of the year, Vyne partnered with BigCommerce, a Software-as-a-Service ecommerce platform, to enable merchants to accept instant payments and make refunds in real time.
All BigCommerce merchants have access to Vyne’s Pay with Bank A2A payment solution in the BigCommerce marketplace app.