Account-to-account payments
Cardflo facilitates account-to-account (A2A) payments, enabling direct transfers between customer and merchant bank accounts. This method offers a cost-effective and secure payment alternative, bypassing card schemes and their associated fees. It provides real-time settlement and reduces fraud exposure, benefiting high-risk and enterprise operations.
What you get.
- Process payments directly between bank accounts, eliminating card scheme intermediaries.
- Achieve lower transaction costs compared to traditional card processing.
- Benefit from enhanced security through direct bank authentication.
- Experience real-time payment confirmation and faster fund settlement.
- Reduce exposure to card fraud and associated chargebacks.
- Expand payment options for customers who prefer or only use bank transfers.
Common questions.
What are the primary advantages of A2A payments for enterprise merchants?
Enterprise merchants benefit from significantly reduced processing fees and improved cash flow due to faster settlement. A2A payments also offer enhanced security and lower chargeback rates, which are critical for high-volume transactions and risk management.
How secure are account-to-account payments?
Account-to-account payments are highly secure as they leverage the banking system's robust security protocols. Transactions are authenticated directly by the customer's bank, often using multi-factor authentication, minimising the risk of fraud and data breaches.
Can A2A payments handle international transactions?
Yes, A2A payments can support international transactions, particularly within regions like the EU through schemes like SEPA. Cardflo's platform can facilitate cross-border A2A payments, subject to regional banking network capabilities and regulatory frameworks.
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