Exciting news for online merchants as Boodil, the specialist account-to-account payments solution, announces its partnership with Aero Commerce, one of the UK’s fastest-growing ecommerce platforms. The partnership will allow consumers to make highly secure payments in just three taps, making the payment process quick, easy and secure, whilst eliminating slow and clunky traditional payment methods. With online transaction volumes for mobile payments expected to grow from 26 billion in 2021 to 49 billion in 2023 representing a 92% growth, the partnership will enable merchants to extract even more value from their transactions.
Merchants can now access Boodil's Pay by Bank account-to-account payment solution, which offers plug-and-play onboarding, so no bespoke integration is required. This means merchants can be saving up to 75% per transaction compared to card payments. Boodil's frictionless payment process increases conversion rates, streamlines cash flow via instant settlements and rewards customers every time they spend; similarly to using a rewards credit card. Security is also improved, significantly reducing fraud and eliminating chargebacks entirely, as all transactions are Secure Customer Authentication (SCA) compliant.
Shane Williams, CCO of Boodil, comments: “We’re delighted to be Aero Commerces’ first Open Banking payment provider, directly integrated within their platform. Aero Commerce has one of the most innovative and feature rich ecommerce platforms in the market and we are excited to roll our solution out with their various merchants. Our partnership will deliver quick and easy payments to their online merchants, ensuring that the process of completing a checkout is a seamless and secure experience for consumers whilst rewarding them every time they spend.”
Richard Bendelow, CEO of Aero Commerce explains: It’s essential that online merchants allow their customers to pay for goods and services easily, seamlessly, and in line with their personal preferences. Our partnership with Boodil delivers all of these benefits. The team’s respected knowledge of the payments landscape and the advanced functionality of its platform make them an obvious partner to support Aero Commerce with offering our agencies merchants an Open Banking payments solution.”
With Boodil's easy-to-use payment solution, merchants can now materialise the benefits of Open Banking payments, streamlining their own cash flow whilst exciting and rewarding their customers. The partnership with Aero Commerce is a significant step on this journey, and with Boodil's deep understanding of the payments landscape, the possibilities here are endless.