A simpler, cheaper alternative to card payments
What is NatWest Payit™?
NatWest Payit™ is a UK banking industry first: it's our simple and secure Open Banking solution to help merchants collect e-commerce payments.
NatWest Payit™ will facilitate frictionless payments direct from your customer's bank account, helping to improve your cash flow.
It'll also help you save on transaction fees. Compared to debit or credit card offerings NatWest Payit™ will save you a minimum of 25%* for average transaction values of approximately £80, and there is no need to store customer billing data.
Benefits for merchants
Tailored cash flow
*Based on market analysis completed by NatWest and industry data from UK Finance.
How NatWest Payit™ works
These are the steps your customer takes when they choose to pay with NatWest Payit™.
- Select how to pay
Your customer selects the NatWest Payit™ option on your checkout page, choosing the bank they want to use via the selection screen.
- Customer logs in to Online or Mobile Banking
The customer is redirected to their online or mobile banking and logs in. They select which bank account they want to pay from and click 'confirm'.
- Payment is transferred
The payment is transferred and its status is displayed on-screen.
- Payment is confirmed
The customer is redirected back to your site. If the payment is successful, the customer will be shown the Order Complete screen.
Eligibility criteria and fees apply. You must hold a business current account with the RBS Group and you will need to sign up to full NatWest 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.