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
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.