Acquired.com is chosen by Unitas Wholesale as the supplier of choice for Open Banking payments

Acquired.com, a next-generation payments platform, is pleased to announce that it has been selected as the supplier of choice to deliver an Open Banking solution to Unitas Wholesale, the largest network of independent cash, carry, and delivered wholesalers in the UK.

Unitas Wholesale’s decision to collaborate with Acquired.com underscores their commitment to providing their members with innovative payment solutions that enhance operational efficiency and create a superior payment experience for their customers.

As the preferred partner for Unitas Wholesale, Acquired.com is proud to deliver their proprietary Pay by Bank payment solution powered by Open Banking, both in-person and online. The innovative alternative to card payments is specifically designed for UK businesses, providing them with a convenient and secure way to accept payments at a fraction of the cost.

The Pay by Bank for Point of Sale (POS) solution is provided in collaboration with MultiPay Global Solutions, seamlessly integrating into Unitas’ members’ existing payment infrastructure. This market-leading offering will augment their members’ payment system by introducing MultiPay’s sophisticated hardware options, facilitating a simplified settlement process for members, and delivering an exceptional payment experience to customers.

Implementing Pay by Bank into a payment strategy includes potential savings of over 85% compared to card payments, according to Acquired.com, the new Open Banking partner for Unitas. By eliminating fees and reducing costs, Pay by Bank enables merchants to access their funds instantly and ensures streamlined financial management.

For the end users, the payment process is slick, easy, and most importantly, secure and certified. For face-to-face payments, the customer simply scans the QR code displayed on the MultiPay payment device and authorises the payment in seconds. Once approved, the payment is processed and funds move seamlessly from the customer’s bank account to the merchant’s settlement account, ensuring swift and hassle-free transactions. Online, the process is impressive – the customer chooses Pay by Bank at checkout and is seamlessly redirected to their banking environment, where they can approve the transaction in their banking app in seconds.

John Kinney, Managing Director at Unitas Wholesale commented, “We have launched Unitas Procurement Services to offer our members the best possible deals on essential services, and they are already seeing incredible savings through partnerships with verified suppliers like Acquired.com.

Switching from card payment to Pay by Bank will reduce costs by at least 85% based on the average transactions by members, so the connect24 show this week is the perfect opportunity for our wholesalers to get to know the Acquired team and learn how their Open Banking solutions can slash costs and boost profits.”

Grant Evans, Head of Partnerships at Acquired.com commented, “Following a rigorous selection process, we are delighted that Unitas Wholesale has entrusted Acquired.com as the open banking partner of choice for their members. It is clear that the high average transaction values of the cash and carry sector are primed for the benefits of Pay by Bank as an alternative payment method to cards, in-store, online, and via secure payment links. We look forward to furthering our engagement with their members this year and beyond, helping them to make the seamless transition to Pay by Bank.”

Delia Pedersoli, COO at MultiPay Global Solutions commented, “MultiPay is delighted to be part of the journey working with Unitas Wholesale and Acquired.com, bringing our cutting-edge Pay by Bank solution to the forefront. Together, we’re driving payment innovations that prioritise seamless transactions and significant cost savings for merchants.”

Acquired.com’s robust payment solution in collaboration with MultiPay Global Solutions enables businesses to seamlessly accept all major credit and debit cards, alongside popular digital wallets, such as Apple Pay and Google Pay, while offering an innovative Pay by Bank solution with no additional integration time or effort. They have endeavoured to simplify the checkout process, combat fraud, and automate reconciliation.