There's a new way to collect repeat payments—directly from your customer's bank account. Powered by Open Banking.

Enrol customers in a direct debit plan and collect the first payment immediately with SlimCollect. Quick, secure and optimised for the customer experience.

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.

Merchant challenges

• Consumer acquisition and conversion

• Refunds and chargebacks

• Failed payments

• Lost revenue due to lost or expired cards

• Fraudulent or incorrect IBAN entry

• 1-2 days to clear direct debit

How SlimCollect can help

• Mobile-first, frictionless user experience

• Payments are irreversible

• Recover failed payments with a simple payment link

• Bank account information never expires

• IBAN automatically collected with first payment

• Instant payment, funds available immediately

SlimCollect scenarios on the horizon

Recovering a failed payment

If a payment doesn’t go through, recover it with a simple payment link. When your customer clicks it, they will immediately be redirected to their banking app to validate the payment.

Accepting one-off payments

Just like card payments, you can add SlimCollect as a payment method at checkout. With a seamless UX, customers just have to fill in a few key details and confirm the payment.

Variable recurring payments

Safely connect your bank account so SlimPay can execute recurring payments on your behalf within strict settings. The date and amount can vary without having to sign a new mandate.

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.

How it works

Customer chooses SlimCollect as a payment method

Customer selects their bank from the list

Customer securely authorises payment in their banking app

Payment is confirmed and irreversible

“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 capitalize 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%.”

Toufik Gozim, Founder and Managing Director at Assurly

Learn more about SlimCollect

[PODCAST] SlimPay, la fintech che accompagna le assicurazioni verso la subscription economy

Repeat Economy

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