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- Reach a whole new segment of internet banking and debit card customers.
- Increase revenues of up to 25% by offering SID as an additional alternative payment option.
- Eliminate payment dishonours and chargebacks.
- Significant saving on transaction fees.
- Significant saving in automation. Direct and immediate transaction response can be used to automate your billing software, accounting or ERP systems thereby reducing manual reconciliation and errors.
- Smooth purchasing process for the customer as SID guides the customer through their internet banking and automatically completes the beneficiary details.
- All account details remain within the confines of the internet banking network. No party can see private banking logon details.
- All transactions responses occur in real time. This makes the transaction reliable for both the merchant and the customer.
- All transaction are individualised, decreasing the time spent on reconciling payments received (into your bank account) from the website.
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Benefits to Customers |
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- Pay directly from an online bank account. No credit card is required.
- No registration required.
- Shop without exposing your financial information.
- Simple purchasing – 5 steps after choosing SID and the transaction is completed.
- Real time issuance of a purchasing receipt, giving peace of mind to you and the merchant that the transaction was completed successfully.
- Paying by SID is effectively a cash transaction online – meaning that you are not drawing on credit to purchase.
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