Today over 2000 clients from numerous verticals including Deezer, Nespresso, EDF and Trip Advisor, use the SlimPay solution to get more out of their recurring payments. We work with both established international organisations, as well startups, which make up over half of our clients. Find out more about SlimPay One, our new startup direct debit offer.
SlimPay One in a nutshell
SlimPay One is an offer tailored to startups wanting to test the waters of SEPA direct debit. Companies with less than 500 transactions per month can take advantage of SlimPay’s direct debit solution with no set up fees, no commitment and no monthly tariff! Companies simply pay 1,5% on each transaction in order to have access to SlimPay’s direct debit services, namely:
- Electronic mandate signature
- Payment processing and acquiring
- API Rest integration
- Remittance via API (or back-office or file exchange)
- Payout on demand through back-office
- Silver back-office (reporting tools)
In addition, startups benefiting from this offer will not be required to obtain a creditor ID and will have a simplified “Know Your Client” procedure.
Adapting payment means to new consumption trends
Subscription economy is now disrupting both digital and traditional industries. The Economist found that four-fifths of businesses they surveyed have seen changes in how their customers access goods and services, and for individuals, subscription and rental options are the most appealing consumption models to result from this trend. According to The Economist, over half of companies are changing, or are in the process of changing, how they price and deliver their goods and services. Subscription is the biggest change, and had been implemented by 40% of all companies surveyed. Consumers now prefer to pay for use, as opposed to ownership, and businesses dealing with subscriptions and recurring payments need to propose payment methods adapted to this shift in consumption.
Direct debit is the ideal payment method for subscriptions and recurring payments. Payment by direct debit overcomes problems associated with payment by bank card, such as expiry dates and card limits. Direct debit not only enables customers to increase the lifetime value of their customers, but also has lower processing costs.
SlimPay One makes direct debit easily accessible to start ups riding the subscription economy wave. The solution enables merchants to automate and digitalise the entire payment process, creating a frictionless online transaction journey for end customers, and a fast, secure route to collecting payments for businesses.
SlimPay One Quick Stats
- For companies with < 500 transactions per month
- Companies pay 1,5% per transaction
- No commitment
- No set up fees
- Electronic mandate signature + preparation and execution of payments
- Reporting via SlimPay’s back office
A smarter way of processing recurring payments
For more information on this startup direct debit offer and to find out if you could benefit, call us on +33 1 47 70 15 34, or shoot an email to our Inside Sales Team: info@slimpay.com.
