Clik2pay Launches Credit score Card Various for On-line Procuring

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E-commerce providing improves buyer expertise and reduces retailer cost prices

TORONTO — Cost service supplier Clik2pay has launched its newest product, which permits shoppers to pay for on-line purchases instantly from their financial institution accounts. This primary-of-its-kind growth was pre-launched with Canada’s largest retailers at RCC Store – and comes at a key second in time given the speedy shift to e-commerce triggered by the pandemic.

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“Retailers have traditionally relied on card funds for on-line gross sales,” mentioned Mike Bradley, CEO and Founding father of Clik2pay. “Including Clik2pay as a web based cost choice reduces the price of funds for retailers and opens up on-line procuring to the tens of millions of Canadians who don’t have a bank card or preferring to pay instantly from their checking account.”

An rising variety of companies have been already making the transfer to on-line, however in the course of the pandemic “e-commerce turned important to non-essential companies,” in accordance with Statistics Canada. In March, Payments Canada reported that 49 per cent of Canadians are utilizing e-commerce extra usually than pre-pandemic. But, on-line purchases are closely skewed to bank cards, which may price a staggering 100 instances greater than debit card in-store. Because of this, the price of funds has gone up for retailers all through the pandemic.

“The shift to e-commerce and curbside pickup has led to greater prices, simply a part of the brand new regular that retailers reside on daily basis,” mentioned Terry Mathews, Principal of Mathews Consulting, who has led monetary providers and funds for – and now advises – a lot of Canada’s largest retailers. “Clik2pay on the on-line checkout is available in at a fraction of the value of different cost sorts – usually lower than half for giant organizations. That creates vital price financial savings for a busy retailer.”

Clik2pay leverages a number of layers of bank-grade safety and the best requirements for danger administration through the use of one of the vital safe cash switch providers globally.

Clik2pay additionally helps invoice and bill funds from buyer financial institution accounts by textual content message, e-mail or QR code. Clik2pay options for companies embrace easy-to-use APIs, end-to-end cost monitoring, real-time notifications, standing updates, transaction historical past and a whole settlement file.

For extra data and to observe for future product releases within the coming months, go to clik2pay.com and observe Clik2pay on LinkedIn.

About Clik2pay

Clik2pay was based in 2018 and is led by a crew with deep enterprise and expertise experience in funds, retail and digital banking. Our ardour is bettering how individuals pay – and the way companies are paid.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20210923005664/en/

Contacts

For extra data or to schedule an interview contact:
Linsey Flannery
media@clik2pay.com
416-939-9773

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