Yowpay is the only payment method based on the European instant SEPA which is not a PIS (payment initiated service) solution, the payment is direct between the client and the merchant or the PSP collecting funds on behalf generating a QR code which is scanned by the client on his usual banking application.
So Yowpay, as an additional payment method converts, far more than any other SEPA transfer-based methods and will not only generate additional revenue for the PSP but also increase the overall conversion for the merchant and therefore make the PSP's overall offer more attractive.
The merchant must open a Yowpay account and enroll their bank account to receive the funds, the payment gateway receives a % on the transaction fees
The merchant has no relationship with Yowpay, the bank account enrolled in Yowpay is the PSP’s one which collects all 3rd parties funds. The advantage is that the PSP can apply a % on incoming flows by collecting funds from merchants. A certain number of merchants want to process all payments with a single operator and have a single settlement, or simply do not want to expose their bank account data to the public. The PSP is charged Yowpay transaction fees.
Contact our partner departement : partners @ yowpay.com