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SlimPay Direct Debit Acquiring

Many European consumers prefer to make online payments from their bank accounts, not by credit or debit cards. SlimPay owns a payment institution license from Banque de France, that country’s central bank, which gives it access to the more than 400 million bank accounts in Europe. SlimPay is an acquirer that pulls money from a consumer’s bank account and funds a merchant’s account. Its first merchant customers have been recurring billers and subscription services businesses in France, Germany, the Netherlands, Spain, and the U.K. This year it opened an office in the U.S. to offer i...

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June 2016
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