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Payments
Payit™ by NatWest
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, eligibility, and terms and conditions apply.
What is Payit™?
Payit™ is NatWest’s Open Banking payment platform which helps organisations seamlessly real-time data sharing and send and receive funds without sharing bank or card details. By integrating with the UK’s Faster Payments infrastructure, Payit™ delivers near real-time clearing, so that funds are typically settled instantly* – providing reliable, predictable cash flow.
*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.
Watch how Payit™ could streamline your business transactions
Optimising liquidity in high-speed environments
Most Payit™ payments settle within seconds via Faster Payments, and transactions requiring additional checks are guaranteed to arrive within a two-hour window after approval.
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Streamlined, secure payment flow
Payit™ uses Open Banking APIs to connect banks directly. It delivers a frictionless payer experience – with no manual entry of card or account details, eliminating associated risks.
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Data sharing
Businesses can access and validate customers' information held within their bank.
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Flexible integration options
Whether via Bankline, dedicated APIs, or an embeddable plugin, Payit™ easily integrates into existing systems or e-commerce platforms.
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Scalable payment requests
Through the NatWest mobile app, businesses can issue payment requests via single-use links or QR codes.
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Comprehensive reconciliation and reporting
Payit™ provides daily machine-readable reconciliation files. You can also initiate API status queries for in-process payments.
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High limits, robust controls
Initiate payments of up to £1,000,000 per transaction*, with optional configurable thresholds per client, day, or use case.
*Note that each bank sets its own limits for online/mobile/Open Banking payments.
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Bank-grade security and auditability
Payit™ is underpinned by strong Open Banking credentials and supported by the NatWest Group’s layered security model. Audit trails and logs are maintained for every payout.
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Broad reach across the banking ecosystem
Payit™ supports payers and payees across a wide more than 96% of UK banks, including Barclays, HSBC, Santander and more.
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