direct debit Archives - Paydock: High Impact Payments Orchestration

Paydock will expand its range of secure, mobile-friendly payment options to merchants to include the new Bluechain service. Bluechain’s mission is to simplify the checkout process for consumers and drive new revenue for merchants. By allowing Bluechain registered customers to quickly and safely pay on their mobile with just a few taps while protecting personal and sensitive information, Bluechain provides the perfect (and with Paydock easy to connect) service for merchants looking to better support customer demands for safety, speed and security in payments.

What is Bluechain?

Bluechain is a global next-gen payment platform that offers central payment networks, financial institutions and the broader payment ecosystem a secure system to streamline all types of payment transactions. Conventional checkout processes for online shopping carts require the customer to type in their credit or debit card details, which typically includes the cardholder’s name, a 16-digit card number, the expiry date and a three-digit security code printed on the back of the card. The Bluechain solution? Consumers simply register their details with Bluechain and receive a payment request on their phone when making purchases in-store or online or when paying a bill or making a donation.

Customers can link any card or bank account to their Bluechain profile, and when they receive a payment request from a store or an invoice from a biller, they select which account they want to pay from, when they want the payment to be made (immediately or some future date), and then simply approve the payment. The payment is completely secure because the details of a registered customer and their accounts are never revealed to the merchant or biller, so the information can never be stolen or misused.

How Paydock makes it easy

The Paydock payment platform facilitates simplicity and security for merchants wanting to connect with customers, stay in control of their payments ecosystem and reduce costs. By supporting Bluechain we further this vision in the market.

Safer, simpler and cheaper all adds up to a better experience for both consumers and merchants.

Want to know more about the details for this upcoming integration? Email us at [email protected]

Want to find out to our friends at Bluechain about their technology? They’d love to hear from you at [email protected]

Easy and automated access to alternate payment types increases conversion – yet traditionally has been something of a challenge for merchants. Wiring in new (or multiple) gateways, stitching back-end integrations and layering accounting and reconciliation processes often means the cost-to-benefit ratio stops stacking up even before you’ve even begun.

So, while we know the payment structures on payment types such as direct-debit are attractive (i.e. flat-rate transaction fees) and accessing these facilities could reduce cost and raise conversions – we just can’t ‘get there’ easily.

For many of us it seems better to pass up the financial boost just to avoid the headache.

But what exactly have we been passing up?

Here’s some facts:

50% of those who regularly shop online said that if their preferred payment method is not available, they will cancel the purchase. [1]

…alternative payment methods are expected to grow with approximately 6-7 % in the next few years. [2]

Latest analyses show that every additional payment method which is offered by a Merchant can help increase conversions with 14%. [2]

Depending on the characteristics of your site you will probably see somewhere in the region of 5 to 10 percent improvement in your site’s overall conversion rate, which is still significant enough not to be ignored. [3]

Correspondingly, WorldPay’s data shows us that alternative payment methods (types other than credit or debit cards) will account for more than half (59%) of all transactions online by 2017.

This means that you’re not already offering ready access to multiple payment sources, you’re leaving real money on the table.

How can we fix that? With Paydock it’s on average 50% quicker to work with gateways. You can stop missing out on lost transactions and take new payment types. You can be up and running in hours (if not minutes) in your website while also delivering seamless user-experiences and consistent business process.

Find out how much you could be earning by calling us today on +61 2 8218 2141 or Use the Quick Income Calculator below to see what difference using Paydock can make to your brand.

Here for your benefit!

All of us at Paydock.

P.S. Combine with the built-in subscription, notification and backup gateway services and Paydock can raise conversions in excess of 40% while simultaneously saving you thousands.

Quick Income Calculator

Use the form below to see how much money you could be leaving on the behind without Paydock.

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1. ‘Survey finds that retailers are losing millions.‘ Retail Technology Review, 2009
2. ‘Boost conversion rate by offering alternative payment methods’ eMerchantPay, 2012
3. ‘Alternative Payments and Ecommerce Conversions’, PracticalEcommerce, 2013

Tag Archive for: direct debit

“Fintech hits major milestone” – Paydock goes mobile with Bluechain

What is Bluechain?

How Paydock makes it easy

Safer, simpler and cheaper all adds up to a better experience for both consumers and merchants.

Direct Debit Recurring – Save Money, Earn More

But what exactly have we been passing up?

Quick Income Calculator