Skrill, a Paysafe Group Plc (LSE:PAYS) company, has launched a new brand for its instant banking solution: Rapid Transfer. Rapid Transfer allows consumers to upload funds to their digital wallet and make online payments instantly from their bank account without leaving a merchant’s website.
Available in the UK, Germany, Austria, Italy, France, Hungary and Spain with more than 100 banks, Rapid Transfer provides consumers with a payment option that has the convenience of traditional online banking and opens up a faster transaction method for online merchants.
Optimised for mobile, desktop and other devices, Rapid Transfer negates the need for multiple log-ins, offering consumers a seamless, quick and secure experience. Once Skrill has verified that the requested funds are available, the payment is confirmed to the merchant in real-time.
For merchants, the benefits include receiving payments instantly using Skrill’s banking network; higher sales conversion rates thanks to no customer registration required and a safe and secure payment method with easy integration mechanisms.
CEO Digital Wallets at Paysafe, Lorenzo Pellegrino, said:
Rapid Transfer is a fast, safe and convenient instant banking solution for consumers to move funds, and it provides merchants with an improved payment option with competitive conversion rates. It’s another way for merchants to offer consumers fast and effective payment choices.
Instant payments are key in today’s digital world. Once the new Payment Services Directive is introduced in 2018, we’ll see more payment methods relying on access to bank accounts. Rapid Transfer, our instant banking solution, offers an immediate way for customers and merchants to solve this issue today.”