Best Open Banking Inititative
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Payit™
The fast, fair, simple and safe way to pay and get paid
Best Open Banking Strategy 2020
Innovation Frontier Award
What is Payit™?
Payit™ provides you with a new way to send and receive online payments – helping you to reduce the cost of fraud, improve your cash flow and remove the need for you to store your customers' financial information.
Payit™ offers your customers a quick and easy journey, improved control over their finances, reduced exposure to fraud and control over data sharing. Payit™ is securely developed by NatWest, but your customers don’t need to bank with NatWest to use it.
Collecting payments online
Payit™ helps you to collect cardless online payments direct from your customer’s bank account.
We are the only UK bank to have developed a seamless refund solution that doesn’t require you to know or store customer account information.
Sending money or issuing refunds
Payit™ helps you to send money direct to your customers’ bank account, without needing their bank details.
*Some payments may take up to 2 hours to be credited.
How Payit™ works
Further Information
Discover the future of banking and how Payit™ could support your business.
You can find more information in our factsheet and guides:
Collecting payments online factsheet (PDF, 62KB)
Collecting payments online (PDF, 176KB)
To see how you can integrate Payit™ visit our Bank of APIs developer zone.
Eligibility criteria and fees apply. You must hold a business current account with the NatWest Group and you will need to sign up to full 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.
When you send us an email, we will use your information only to answer your enquiry. For further details see our privacy notice.