As a result of this agreement, ISX Financial EU Plc, the developer of PaidBy® http://www.paidbybank.com, a specialist open banking payment platform, has partnered with Wix.com Ltd, a leading global SaaS platform for creating, managing, and growing online identities. By partnering with Wix, Wix's UK-based merchants have access to PaidBy®, an open banking payment service, which enables their customers to pay directly through their current banking app or web portal through this partnership.
Using the safe and simple PaidBy® bank payment process, merchants will be able to improve their checkout conversions by providing customers with an effortless experience that will enable them to make payments in as little as three steps, all within the trusted environment of their banking app or web portal.. The PaidBy® platform starts with an automated online onboarding system, which enables UK merchants to complete their onboarding process as well as the Know Your Business process in just a few clicks.. As a result, merchants are able to spend less time onboarding and more time transacting
As a result, merchants are able to spend less time onboarding and more time transacting
In order to improve merchant checkout conversions, The Safe & Simple PaidBy® bank payment process will help improve merchant checkout conversions by offering customers a seamless experience, allowing them to make payments in as little as three steps, all within a trusted environment of their bank app or web portal.. In order to achieve this, PaidBy® uses an automated online onboarding process, allowing UK merchants to complete their onboarding and Know Your Business process in a matter of minutes.. As a result, merchants are able to spend less time onboarding and more time transacting with their customers
As a result, merchants are able to spend less time onboarding and more time transacting with their customers
PayBy® utilizes the UK's open banking network, which connects many of the largest banks in the country, enabling the movement of money between accounts in seconds. Due to the fact that cash flow is a key component of any business, Wix merchants in the UK will be able to access their funds the same day. PaidBy® eliminates the need for card schemes and networks, offering a seamless experience for customers and merchants alike.
As a result of the PaidBy® payment infrastructure, merchants and their customers are able to achieve higher conversion rates with fewer chargebacks in a safer and more secure environment for both parties involved.
The Managing Director and CEO of ISX Financial, Nikogiannis Karantzis, stated, "I am thrilled to be partnering with Wix to offer an open banking orchestration service that competes with online card scheme processing." In addition to the mass application of Open Banking, it is also offering ISX-issued sort code-based merchant accounts and a full API-driven notification service that will deliver real benefits to customers and merchants alike and that is characterized by Wix's ease of use and flexibility.
As part of our commitment to providing our merchants with innovative tools for business growth, we are continually looking for new ways to support them. Amit Sagiv and Volodymyr Tsukur, Co-Heads of Wix Payments, say this enables them to extend their online footprint and provide exceptional service to their customers. In order to offer seamless open banking services to our UK merchants, we are looking forward to working with PaidBy."
In addition, merchants will be able to accept same-day payments to their ISX-issued accounts 365 days a year, which is vital to their ability to deliver products and services quicker to their customers.
Visit the following website to learn more about PaidBy® for Wix merchants: www.paidbybank.com 
ISX Financial is a financial services company based in London.
The ISX Financial EU PLC is a 'banktech' company that provides financial services to merchants in the European Union and the United Kingdom through its own technology. A complete end-to-end transactional banking, foreign exchange, remittance and payment processing capability is provided by the company's combined payments stack and infrastructure. Using ISX Financial's multi-currency IBAN accounts, along with PaidBy®'s instant open banking features, merchants can reach any UK or EEA bank account holders with their payment solutions.
Contact information: Jamie Ktenas, [email protected], +35722 0157 40
The following photo can be found at https://mma.prnewswire.com/media/2291228/PaidBy.jpg The following logo can be found at https://mma.prnewswire.com/media/2291227/iSX_financial_Logo.jpg
The source of this information is ISX Financial EU PLC
It has been announced that ISX Financial EU Plc is the developer of PaidBy®, www.paidbybank.com, the specialist open banking payment platform, has partnered with Wix.com Ltd...
Get PRN's top stories and curated news delivered straight to your inbox every week when you sign up!

Source prnewswire