Trustly has announced the launch of Pay Your Invoice, a tool designed to simplify and automate invoice payments. The Swedish fintech says that for customers this means they never have to think about OCR numbers ever again. For e-commerce merchants, it decreases administrative costs while letting them maintain ownership of the customer relationship.
Customers can pay their invoice using a Trustly bank transfer. To do so, they can click ‘Pay invoice’ from the merchant’s portal, select which of their bank accounts they wish to pay from, and sign the payment with Mobile BankID. Customers who have registered a digital direct debit mandate through Trustly can schedule the date of future payments with just one click.
This flow is designed to simplify the traditional invoice payment flow, in which customers receive an invoice by mail or email and then log into their online bank and manually enter long receiving account numbers and OCR numbers, leaving much room for error.
Trustly’s Pay Your Invoice product is currently available in Sweden and will soon go live with additional merchants in e-commerce, financial services and travel sectors.