Use Payit from the NatWest mobile banking app*
- Get paid quickly and easily by requesting a payment by secure payment link or in person via a scannable QR code.
- Send a payment to someone without needing to know their bank account details.
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Overview
Payit from NatWest uses Open Banking technology to enable real-time data sharing and secure, instant payments* —without the need for bank or card details. By allowing banks to communicate directly, Payit removes inefficiencies, enhances security, and delivers a seamless experience for both you and your customers.
Payit seamlessly fits into your systems – API, plug-in or NatWest Bankline. Or for smaller businesses who bank with NatWest or Royal Bank of Scotland, you can request or send a payment using Payit from within your banking app.
*In the majority of cases, payment will be near-instantaneous thanks to the Faster Payments Service. However, banks may retain certain payments for additional checks. If approved, payments are guaranteed to arrive within 2 hours.
Integrate Payit into your payment systems^
- Collect and request payments from your customers securely and quickly.
- Send payments to your customers without needing their bank details.
- Allow customers to authorise you to process recurring payments from their account.
- Collect and validate customer data.
*Available to mobile customers. Payit uses Faster Payments to clear and settle the payment, so funds will be received immediately but guaranteed within 2 hours. Payit & Reusable Link/QR Code requests can be made by NatWest and Royal Bank of Scotland Business Current Account (excluding Mettle) and business Foundation Account holders only. Limit per individual request applies. Transaction fees apply. Payment requests can be sent to anyone with an eligible account with a participating UK bank and uses online or mobile banking. Specific account and app criteria apply. Paying bank criteria and limits may apply.
^To be eligible for Payit™, your business must be based and trading in the UK with a turnover of £2M or more. You must be 18 or over. Fees apply and T&Cs apply. Speak to a NatWest Relationship Manager for further information.