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What are the main benefits of using Stitch Instant EFT payment method?
- Seamless & Safe Experience: User can access their bank account to pay, without leaving your payment page (i.e. no redirect)
- Lower Costs: Lower Costs that other payment methods
- High Fraud Protection: Bank Level Security & Multi-Factor Authentication Required
- Reduced Reversal Rates and Chargebacks: Unlike credit card payments, by nature, iEFT payments are guaranteed and not subject to chargeback or fraud
- Uptime: 99.9% uptime due to the technology used to access the banks
- Reconciliation: Reconciliation is instant and on a per transaction basis
- Time in Payment Flow: Less than 30 seconds for first and returning users
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