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Get paid faster, lower your fees and reduce fraud – with Fire Open Payments, customers can pay you directly from their accounts.
Fire Open Payments is a new feature of the fire.com business account that leverages Open Banking capabilities to allow businesses to accept account-based payments in Euro and Sterling.
Whether you’re selling online, face to face or remotely, Fire Open Payments enables you to distribute payment requests to your customers, who can then pay you in a simple, frictionless and safe way – with funds settled into your fire.com business account.
Integrating the acceptance of account-based payment flows is straight forward. Create requests in your fire.com business account or use our API to integrate Fire Open Payments with existing systems for a fully automated collection and reconciliation service.
Accepting payment by direct bank transfer is cheaper than other ways to get paid. There’s one, simple, low fee. Reduced chargebacks. Instant reconciliation.
Funds settle into your account quickly – typically within six business hours. Payments are executed via Faster Payments (Sterling) or SEPA Credit Transfers (Euro).
Fire Open Payments is one of the safest ways to collect payments. All parties are securely authenticated, minimising opportunities for fraud.
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