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Payit™
A new NatWest payment innovation
What is Payit™?
PayitTM is a multi-award winning payment solution, here to help businesses and customers benefit from the next generation of payments. Using Open Banking technology, Payit offers a new way to collect and send payments online and in person, removing the need for sharing and storing card details.
What’s more, it’s available to over 90% of UK current account holders* – they don’t need to bank with NatWest to use it.
*91.1% of UK current account market share (IPSOS Mori, 2021). Online banking required.
Collecting payments
Payit allows you to collect money from your customers, online or in-person, without needing to know or store their card details.
It’s an alternative to current payment methods, and helps your customers make quick and easy payments to you.
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Sending payments or refunds
Payit allows you to send money directly to your customers’ bank accounts, without needing to know or store their account details.
It helps you reduce cheque issuance and bank transfers, and allows the instant settlement of funds.
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Eligibility criteria and fees apply. You must hold a business current account with the NatWest Group and you will need to sign up to full Payit™ terms and conditions. You will need to allocate technical resources to work with NatWest to integrate the solution. Fees are based on the volume and average value of e-commerce transactions. Speak to a NatWest Relationship Manager for further information.
What happens next?
Support for high growth businesses
We’ve got a range of products, specialist support and information for high growth businesses. Building on our years of expertise in helping businesses to grow, our tailored support could be just what you need to take you to the next level. So whether you’re an ambitious business scaling up, an established business with fast growth, or even a new businesses growing quickly, we’re here for you.
