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NatWest Payit™

A simpler, cheaper alternative to card payments

On this page
What is NatWest Payit™?
Benefits for merchants
How NatWest Payit™ works
Factsheet
API developer zone
Contact us

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

Cost effective

Save a minimum of 25%* for average transaction values of approximately £80, compared to a debit or credit card offering.

Data security

No need to store customers' financial information.

High conversion

The simple customer journey reduces the need for manual data entry.

Tailored cash flow

Receive settlement of funds within 2 hours.

*Based on market analysis completed by NatWest and industry data from UK Finance.

How NatWest Payit™ works

Further Information

Discover the future of banking and how NatWest Payit could support your business. For more information, read the NatWest Payit™ Factsheet.

NatWest Payit™ Factsheet (PDF, 718 KB)

To see how you can integrate NatWest Payit™ visit our Bank of APIs developer zone.

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.

To talk to one of our relationship team, please contact us using the link below.

Contact us

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