No more inefficient onboarding processes,
where users have to manually enter loads of data or send in physical bank
statements. With Business Account Check, your customers can verify a business
bank account in no time – for a better onboarding and a safer payout setup.
Nothing is more
important than making sure you're paying out to the right business bank
account. Yet up until now there has been a lack of quick and easy ways to
gather and confirm account details you need.
Whether you're a
payment service provider (PSP) serving merchants, or a marketplace for SMBs and
sole traders, you need reliable onboarding processes. Clunky and unreliable
account verification processes will lead to a high abandonment rate in the
sign-up flow, and wrongful payouts in the payment flow.
Verifying a business’s
bank account is a tedious and manual process. Manual verification methods, like
sending in paper bank statements or filling in the data by hand, lead to a
number of problems. Such as paying money out to the wrong bank accounts because
of errors, inefficient paperwork processing, and high operational costs. All
this leads to lost revenue and dissatisfied customers.
Verifying account data in under a minute –
instead of days
As our followers know,
has
been around for a while. But now we’re expanding this capability to business
account holders in selected markets as well.
allows customers
to instantly verify businesses’ bank account information with secure, real-time
verified data – directly from their bank account. It's perfect for customers
who need to verify account ownership in the payout setup for merchants, or sole
traders at PSPs or Marketplaces.
Using Tink’s Business Account Check, customers can verify a
business bank account in no time for a better and safer payout setup.
So, instead of asking customers to jump through hoops to provide
their information – then spending days verifying the information – you can
choose a better way. With Business Account Check, verifying account data can be
done with a few clicks. When users connect to their account and authenticate
with their bank, their information is pulled automatically – completing the
process in under a minute, as opposed to several days.
And of course, since the information is coming straight from the
banks, you know you’ll get accurate and valid data. You skip the headaches
caused by photoshopped statements, as well as plain old human error (most
commonly typos).
Deliver a seamless onboarding and payout setup experience for
businesses by fetching the information straight from their banks, instead of
asking them to send in physical documents or manually fill in
forms.
Want
to get down to business?
Tink's end-to-end verification solution Account Check has been
around for a while, but now we’re expanding this capability to business account
holders in selected markets. If you want to take a look at how it works,
. If you like what you’ve read and
want to get right ahead to business –
