Payit™

NatWest’s open banking solution

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What is Payit™?

How could Payit help?

What happens next?

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Frequently asked questions

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What is Payit™?

The award-winning way to send and receive payments instantly* without the need for bank or card details. Payit from NatWest uses Open Banking technology to enable banks to talk directly to each other, so you can pay and get paid faster.

*In the majority of cases, payment will be near-instantaneous thanks to the Faster Payments Service. However, banks may retain certain payments for additional checks. If approved, payments are guaranteed to arrive within 2 hours. Eligibility criteria and fees apply.

FF PayTech Awards 2023

Top Innovation in Payments by a Bank - Best Mobile Payments Initiative (in-app Payit) 

PAY360 Awards 2023

Best Open Banking / Finance Initiative 

Open Banking Expo Awards

2023 Best Use of Open Banking by a Non-financial Services Company - JS Group

Payit™ for businesses

Collecting payments

Payit allows you to collect money from your customers, online or in-person, without needing to know or store their card details.

It’s an alternative to current payment methods, and helps your customers make quick and easy payments to you.

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Sending payments or refunds

Payit allows you to send money directly to your customers’ bank accounts, without needing to know or store their account details.

It helps you reduce cheque issuance and bank transfers.

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Fast

Settle payments in near real time, improving your cash flow.

Fair

An end-to-end solution, simplifying your supply chain and saving costs.

Simple

Quick and secure payment journey; customers don’t need to type in card details or register to use Payit.

Safe

No need to store customer account data.

You will need to sign up to Payit terms and conditions and you may need to hold an account with us. Your business must be based and trading in the UK with a turnover above £2M. You must be 18 years or older. Fees are based on the volume and average value of transactions. Speak to a NatWest Relationship Manager (where relevant) for further information, or contact us.

What happens next?

Contact us 

Fill in our enquiry form and one of our team will be in touch

Enquiry form

Access

Dive into the Payit Sandbox to build your solutions with the support of our technical team.

Bank of APIs

Test 

Test the Payit connection and prove the end-to-end proposition

Go live

You’re ready to collect and send payments. It’s as easy as that! 

Trusted by

Northern

Northern offers rail customers their refunds in a fast and seamless digital journey with Payit.  Seeing their Net Promoter Score jump to 73%, Payit has delivered on Northern’s mission: to put customers at the heart of their business. 

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JS Group

Through the use of the Payit API solution, JS Group has developed Aspire Cash, resulting in a better payment experience for University students, reduced administrative costs and improved understanding of how cash awards are used by students. Accessing funds securely and quickly has helped students cope during the current cost of living pressures.

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Sun-Hat Villas and Resorts

Sun-hat Villas, an online travel agent, previously relied on a payment system that demanded significant manual effort from both its staff and clients. 

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Ready to get started?

If you feel like Payit could help your business and you would like to learn more, please answer a few questions below and one of the team will be in touch. 

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Support for high growth businesses

We’ve got a range of products, specialist support and information for high growth businesses. Building on our years of expertise in helping businesses to grow, our tailored support could be just what you need to take you to the next level. So whether you’re an ambitious business scaling up, an established business with fast growth, or even a new businesses growing quickly, we’re here for you.

Our high growth help

Not found what you're looking for?

If you’re an existing business customer with a query, please get in touch by contacting the team at payit@natwest.com

Anything else we can help with?

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