Leverage open banking to collect recurring payments
SlimCollect works for both recurring and one-off payments. Collect them directly from your customer’s account in just a few clicks. Fast, secure and easy to use.
Payments are quick, simple and secure
Payments are carried out directly from bank to bank—no middle man, no fuss. This means a more secure experience, and customers complete the payment with the banking app they recognise and trust.
No more tracking down overdue payments
Once a customer approves a payment, they can’t request a return. Payments are irreversible. This means less admin work and better cash flow optimisation—both a huge win for merchants.
Higher conversion, happier customers
Customers are automatically redirected to their bank app to pay. No need to type in long account numbers—they simply approve the payment and are then redirected back to the merchant site.
How it works
SlimCollect Recurring payment journey
Customer chooses “Pay by Bank” as payment method
Customer selects their bank from the proposed list
Customer authorises the payment securely in their banking application
Payment is confirmed and irrevocable
The SlimCollect solution has several products that can be adapted to your specific industry and business model
SlimCollect in Action – A Few Use Cases
SlimCollect and the Repeat Economy
Consumer habits have evolved in recent years and they no longer want a one-size-fits-all model. Consumers want to buy on their own terms and return to a brand as many or few times as they decide—with or without a subscription.
Merchants must shift their focus from acquisition to retention, and invest more in the customer experience, ensuring that consumers return to their brand. At SlimPay, this is what we call The Repeat Economy. Although important, payment is secondary to what your brand is offering.
Make your payment journey simple, secure and quick so customers can enjoy your products and services and return in the future. Using SlimCollect and other payment methods, you can address the payment needs of your customers, whether it be one-off, recurring or anything in between.
Founder and Managing Director at Assurly
“With SlimPay, we want to continue to disrupt the insurance market, by offering a more fluid customer experience. SlimPay’s innovation is fully in line with our desire to capitalise on Open Banking for the development of our services. 77% of our surveyed prospects are interested in an Open Banking experience. The estimated gain in administrative time for our customers can reach up to 50%.”
Learn more about SlimCollect
We’d love to hear from you and learn how SlimPay can help you collect recurring and one-off payments.