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Tuesday, June 2, 2020
Supercharge your business with this new tool.
If your actions inspire others to dream more, learn more, do more and become more, you are a leader.
Your first 10 payments a month are free but if you are a business and plan to use Zap more than that then see how the savings can really start to kick in! Here's the difference Zap can make when compared to the cost of processing £5,000 of monthly cards sales.
Fees as advertised on January 1, 2021; Stripe 1.4% + 20p; SumUp 2.5%; iZettle 1.75%; PayPal 2.9% + 30p; Assuming average transaction of £50.
0.5% capped at £3
Payments settled instantly! No 2 or 3 day wait as with cards
Manage from your mobile or laptop. No terminal required
Money never leaves the UK Faster Payment Network - the same as a traditional bank transfer!
Create a payment request
Simply enter the amount and an optional description of what the payment is for.
Share with your customer
Send the payment request out via SMS or let them simply scan a QR code.
Funds arrive in seconds
Your customer’s payment arrives in your bank account in a matter of seconds exactly like a regular bank transfer.
Register now for an account and start accepting payments within 5 minutes. It's that simple!
Open the payment request
Open the link in the SMS or scan the QR code on the merchants device.
Select your bank and authorize the payment
The payer is taken to their mobile banking app where they simply authorize the pre-filled bank transfer. No need to key the amount or your account details and no chance of getting it wrong.
Fast and secure
The payment is made using the UK Faster Payments Network just like any other payment and is debited from their account instantly just like any other bank transfer!
Hairdresser
“Amazing! Getting set up was so quick compared to taking card payments and my customers are finding it simple to use.”
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Financial Advisor
“PaybyZap has made a real difference to my business! I'm no longer endlessly chasing customers to make the payment plus it cuts out all those nasty fees!”
Carpenter
“PaybyZap is so quick and easy to use and means I am no longer sharing my bank details with everyone!”
Tutor
“PaybyZap is great because I no longer waste my time trying to identify payments that I receive for the wrong amount or with the wrong reference number - its a lifesaver!”
Electrician
“I used to have to wait for customers to send the money in their own time as I had no way to take the payment whilst I was onsite. Now I don't need to wait and I can see the money arrive straight away”
Artist
“The hassle of arranging how I got paid was always the part I like least about my job but now it is straight forward and doesn't cost the earth!”
A term used to describe the process of banks and other financial institutions opening up data for anyone to access, use and share.
Don’t worry - it’s not as unsafe as that description might make it sound. Banks are effectively putting in place the infrastructure for their customers’ data to be shared more easily with third parties, when the customer chooses to do so.
That last part is important. Open banking isn’t some ploy to allow banks to more easily sell their customers’ data. The intention is quite the opposite - open banking was conceived for the ultimate purpose of improving financial services for customers.
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