Nuvei and Plaid are expanding their partnership to offer businesses a new way to accept payments. The new partnership will allow businesses to accept bank-based payments for recurring payments and payouts, and to serve new eCommerce verticals like utilities and B2B.
“We want to support merchants with payment solutions with lower processing costs and quicker access to funds” said Nuvei CEO Philip Fayer. “Consumers are increasingly turning to online bank transfer payments, but their user experience has often been poor.”
Why Pay-by-Bank Payments?
Pay-by-bank payments are becoming increasingly popular with consumers. They offer a number of advantages over traditional credit and debit card payments, including:
- Lower processing costs
- Quicker access to funds
- A more secure payment experience
How Does the Partnership Work?
Nuvei and Plaid will use their respective platforms to provide businesses with a seamless way to accept bank-based payments. Nuvei will provide the payment processing services, while Plaid will provide the data and analytics to make the payments process more efficient.
Together, Plaid and Nuvei can help businesses across the globe “enhance their online checkout through offering best-in-class, pay-by-bank experiences.”
What are the Benefits for Businesses?
The partnership between Nuvei and Plaid offers businesses a number of benefits, including:
- The ability to accept bank-based payments for recurring payments and payouts
- The ability to serve new eCommerce verticals like utilities and B2B
- Lower processing costs
- Quicker access to funds
- A more secure payment experience
How to Get Started
If you are interested in learning more about Plaid, you can visit the Growpay website.
The partnership between Nuvei and Plaid is a significant development in the payments industry. It offers businesses a new way to accept payments that is more efficient, secure, and cost-effective. If you are a business that is looking to improve your payment processing, I encourage you to learn more about this partnership.
