Faster Payment System

Faster payment systems have been actively developing in the last five years, but they were invented already in 70-80 years of the last century. Active implementation was hindered by a complicated model of operation, as transfers required a bank account.
With the improvement of technologies the service of fast transfers became more and more demanded. Now it is enough to specify a phone number to make a transaction and the client will receive the money. The main difference from classic transfers is that the client receives the money faster than the bank, the credit organisation itself receives notification of the transaction, approves it and then receives the funds. Fast transfer services allow you to receive money instantly 24 hours a week.
For businesses, the availability of fast transfers allows them to expand their sphere of influence. This method of payment is popular in many countries, so its integration into the site will attract new users. The offer is especially relevant for high-risk business. In order to reduce the number of returns and rejected transactions, it is important to connect a reliable payment gateway. Billblend already has fast transfers available as one of more than 50 payment methods. Learn more at the payment gateway’s website

How to use fast transfers

There are no difficulties in making payments. A client needs to perform only two actions to make a transaction.

The first is to register in the system or connect a solution for your bank account. Usually, fast transfers are already provided by the application interface of the participating banks. Some companies offer separate solutions that need to be downloaded and installed on your smartphone.

The second thing is to make a payment. The algorithm of sending funds may differ from one fast payment service to another for high-risk trading accounts. To send funds, you need to specify your mobile phone number, bank account number or user ID to whom you are transferring money. Then confirm the transaction. The client receives the funds within a few minutes.

One number is enough to make a transfer, you do not need to enter additional data. This simplifies the creation of applications for money transfer.

In what situations are fast transfers between individuals useful?

The system of fast transfers is useful not only for business, but also for ordinary users. They can use the service to make transfers without commission or with a commission that is lower than that of bank transfers.
In ordinary life, the service of fast transfers is useful in the following cases:
Some organisations offer bonuses or draws for valuable prizes if customers pay their bill through the quick payment system.
Fast transfers are used by many people to make purchases and pay for services. If a business plans to expand its reach and attract users with all modern payment methods, it should not abandon fast transfer technology. Billblend’s payment gateway allows businesses to integrate this payment method. Together with these customers get support for more than 100 payment systems and 70 currencies, including cryptocurrency. Billblend offers a complete turnkey solution for high-risk businesses.

Answers to common questions

Which intermediary should I choose for purchasing via fast payments?
To purchase goods and services through fast payments, the payment gateway must support this payment method. Billblend offers such a solution for businesses.

In 2008, the Bank of England launched a service that supports b2b, b2c, c2b and p2p payments. Since 2014, users have been able to transfer money between accounts with no fee by mobile phone number.

Faster Payment System has been operating in Hong Kong since 2018. It has p2p, c2b, c2g transfers available.
The speed of receiving money is the main plus of this way of making payments. Money arrives on the account of customers in a matter of seconds. The advantages include low or no commissions, a wide range of payment options, and the ability to transfer funds to clients of other banks.

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Reviews

Casino Owner
Casino OwnerCasino Industry
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BillBlend made setting up payments for our online casino easy compared to what we experienced before. Their support was so obvious, and a secure gateway made transactions seamless. The team’s attention to detail and commitment to compliance really stood out. Thank you, guys.
Bookmaker company manager
Bookmaker company managerBookmaker Business
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Great service! BillBlend’s team was super helpful in integrating our payment gateway. Secure, reliable, and perfect for high-risk transactions. The ongoing support and robust fraud protection have been invaluable to our operations. A solid choice for us, for sure.
Gambling Platform founder
Gambling Platform founderGambling Betting Platforms
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BillBlend’s gateway integration was so smooth that we did not actually expect that. Their support and secure solutions made managing payments for our betting site stress-free finally. Plus, their analytics tools have given us insights to optimise our customer experience.
Gaming Platform Owner
Gaming Platform OwnerOnline Gaming Industry
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Thanks for handling our payment setup for online gaming flawlessly, now we have zero issues with the transactions. Your gateway is secure and easy to use. Excellent service, a highly efficient team, as I see. The real-time fraud detection and quick integration helped us launch faster with confidence.
Online Dating Platform Owner
Online Dating Platform OwnerOnline Dating Industry
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BillBlend made setting up our payment gateway for the dating platform incredibly smooth, I can’t believe we did that after years of struggling. Their team guided us through the entire process. Their ongoing support has been top-notch, allowing us to focus on growing our community. Now the security features and fraud prevention tools give us peace of mind. Highly recommend BillBlend to any online dating business looking for a reliable payment solution partner!
Betting Platform Manager
Betting Platform ManagerOnline Gaming Industry
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BillBlend was instrumental in setting up our payment processing for our betting platform, even with our deadlines coming so tight. Their team understood the unique challenges of the betting industry and provided a secure, compliant gateway that fits our needs so well. The integration was seamless. Thanks to that, we've been able to enhance our user experience and streamline operations.
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