Low Cost. Instant Payments. Zero Contracts
Payment
Systems
0.5% Transaction Fees. Bank to Bank Transfer
Accept Payments with fees up-to 70% lower than cards
The fast, lower-cost, and secure way to accept payments in the UK. Accept payment via in-store QR code or on-the-go via SMS. Funds land in your bank accounts in seconds (not days).
- Funds are moved directly from the Customers Bank to the Merchant’s Bank in what is an instant, discreet and easy “Bank Transfer”
- Visa and Mastercard are not required so the cost of accepting payment falls by up-to 70%
- Merchants get paid in their bank account in seconds (not days!) and there’s no contracts, hidden fees or expensive hardware
- Open banking payments are safer than cards and protected by Face ID or Fingerprint Scan and uses your Bank’s security controls
0.5% Transaction Fees
Using Open Banking Technology we enable direct, instant and secure bank to bank transfers.
Saving you money, increasing security and bolstering your cashflow.
How it works?
Customer Scans QR Code
Either create a QR code on the app or let the customer scan your QR code on a stand, sticker or print out.
Choose Banking App
The customer then chooses their Open Banking App on their phone from all the major providers.
Lloyds
Barclays
HSBC
Nationwide
Natwest
Santander
Halifax
Revolut
Monzo
Starling
RBS
Danske
FirstDirect
Authenticate
The Customers Bank Account used Biometric Face of Finger Print for maximum security.
This ensures that no chargebacks can happen
Complete
The customer then confirms the payments and within 3-5 seconds...yes that's seconds the payment is complete and funds will be in your designated account.
Get in touch
Get instant payments from customers today!
- +44 (0)203 154 9300
- locosoco@locoso.co
-
8 Maderia Avenue, Leigh
on Sea, Essex, SS9 3EB, UK
