The PISP initiates the transaction on behalf of the customer and triggers the transfer in real time via the customer’s account at the account-holding bank. The payment is done just like an ordinary bank transfer sending the funds directly from one bank account to another. The money will not leave your account unless you say so.

What makes difference is that you don’t have to leave your application or website, you can stay focused. It is fast and secure, no data entry is necessary and no card needed.

Through PISPs, using a credit transfer process, you can make all sorts of payments : immediate payments, inter account transfers, international payments, bulk payments, or you can even plan ahead and schedule future recurring payments to maximize cash flow.

The added beauty of accepting payments via a PISP service is that, just like bank transfers, there is limited ability for payers to revoke payments or claim a chargeback. You can cancel the payment by PISP only before it is fully confirmed or it is a “future dated payment”. Otherwise it is irrevocable.

Instant payments offer an attractive alternative, with lower processing fees for transactions, and elimination of all the additional costs of failed payments.

PISPs drastically reduce the likelihood of payment fraud as the bank transfers are only initiated after a payer has authenticated the transaction using Strong Customer Authentication (SCA).  Equally, with the PISP model, payers never pass their credentials to the merchant or payment gateway, but only enter them directly with their bank. This reduces the risk to both consumers (fraud down the track) and merchants (from data breaches).

Consumers pay without bringing out their card or cash. The payment is settled immediately and the money is instantly available.

We only trigger transactions, never receive or handle customer’s money. So you are all safe.

Our solution enables you to bypass other traditional payment intermediaries such as payment service providers and payment card companies. And who says no card says no transaction fee related to it.

The payment platform is an invaluable source of customer data. Retailers may refine this data to improve loyalty programs and redesign checkout processes to exceed customer´s expectations.

Consumers have become more demanding, modern shopping needs to be quicker and easier, while providing a satisfying experience. Using Everifin Instant payments you are giving them a fast, simple, low fee and secure way to pay.