Open Banking payments provide real-time payment confirmation, reduced processing costs and a seamless customer experience. Variable Recurring Payments are part of our Open Banking Technology that enables authorised recurring payments from a bank account.
At PayPoint, we offer Commercial VRP (cVRP), which allows customers authorise businesses to collect recurring payments directly from their bank account within agreed limits. They combine the speed of Open Banking with flexible billing, supporting variable payment amounts, lower costs, and greater customer control.
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