Own Your Commerce · 2024-02-12 · 42 min
Join Shaun Vanderkaap , head of commercial for Link Money , on the future of online payments through open banking. Open banking enables consumers to pay directly from their bank accounts, offering benefits like reduced costs for merchants, lower churn rates, and decreased fraud risks. Some topics we discuss: Shaun Vanderkaap brings over a decade of experience in the payment sector, emphasizing the growth of open banking payments in the U.S. Link Money introduces a secure and efficient open banking payment method, allowing instant transactions and reducing e-commerce lag associated with traditional ACH transfers. Open banking provides a seamless payment alternative to credit cards, enabling subscriptions and offering cost savings for merchants. The system offers higher approval rates and lower churn for subscriptions, benefiting both consumers and merchants. ️ For consumers, the process involves a one-time bank account link, simplifying future transactions and enhancing security. Shaun discusses incentives for consumers to switch to bank payments, including potential discounts and rewards.
Maximize Every Subscriber LIVE from SubSummit75 / 100Voucherify: A bold approach to promotions that actually drive higher AOV!Constructor: Are You Leveraging the Untapped Power of Search?Deepak Jain: The Checkout Trifecta: Speed, Security and Conversion. Wink promises all three!Noah Oken-Berg: Exploring the Depths of Magento with Above The Fray