Simplify payments for recurring customers
Leverage direct debits and recurring card payments via your own bank or preferred payment provider.
Your connection for all your current and future payment needs: we connect to over 3,500 banks and more than 10 payment service providers.
Advantages
Frictionless customer flow
We make it easy for customers to onboard and convert to e-mandates. This hassle-free experience protects valuable cashflow and boosts loyalty.
Say goodbye to failed payments and fraud
Our advanced failure management maximizes payment success and minimizes exceptions. In addition, our fraud detection technology defends your business from bad actors.
One connection, many payment options
With one interface, you can manage all your recurrent and one-time payment needs. Your invoices, subscriptions and transactions are all connected to your different payment methods and your own bank.
Accelerated cashflow
We help you reduce days sales outstanding (DSO) and strengthen your cash position, giving your business a clear competitive edge and one fewer thing to worry about.
Results
The annual return on investment is on average 8x higher than the investment*
Invoices paid within 1 day
20% 97%Reconciliation of payments
91% 100%Automated collection process
50% 99.9%
* Research with +1.800 Twikey customers.
Solutions
E-mandates
Getting your customers to sign e-mandates is one of the best ways to ensure frictionless and repeated payments. Twikey enables this in a safe and easy way. Notably, it is Europe’s only cross-border provider for digital SEPA Core and B2B Mandates as well as UK BACS and AUDDIS mandates.
Here are a few other highlighted features:
- Conversion campaigns to switch your customers to e-mandates
- Legally compliant and secure contract signing
- Fraud prevention through identity checks
Recurring Collections
Whatever payment option your customers choose – SEPA Direct Debit, BACS, credit card, PayPal, Apple Pay, Google Pay, Wero, Bancontact WIP or others – Twikey was built to handle it and ensure you can collect recurring payments seamlessly. You create and send invoices the way you want it, with your own ERP or accounting software, and via any preferred channel.
- Payment orchestration with 3,500 banks, all major PSPs and payment methods
- Tokenization for recurring credit and debit card
- Subscription management, invoice creation and microtransactions
Reconciliation & Failure Management
Twikey features one of the most robust Failure Management tools on the market. If a payment fails, it can automatically recognize a particular error code and act accordingly. By automating the dunning process and setting fallback methods just once, you save a lot of time and frustration. In addition, you no longer need to perform reconciliation by hand, either, because Twikey does that for you.
- Twikey can tell you why a payment didn’t succeed
- Smart fallback methods such as pay links, e-mail, text/sms, QR codes and more
- Fast feedback: Twikey cycles through its dunning process quickly
Smart Invoicing
Upgrade your invoices by adding any and all types of one-time payment methods and QR codes and bring them together on one page. More importantly, you can use one-time payment events as a gateway to convert customers to e-mandates instead. You can also optimize your customers' user experience with one-click or zero-click payment options.
- Integration with all one-time payment methods
- Easily convert customers to e-mandates
- One-click, zero-click and pay-later payment options
Fraud Detection
Safeguard your business from fraudulent activities with Twikey’s advanced Fraud Detection engine. We can’t just detect account validity, but can also check account ownership and identity. In addition, you can add extra rules for customers when they sign on to your services, such as minimum balance thresholds or checking against earlier failed payments.
- Integration with identification tools such as Itsme and IDIN
- Integration with Open Banking that lets you set the rules
- Extra verifications with credit checks and other fraud prevention tools
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