Frequently asked questions

Open Banking payments are a way for customers to pay for goods or services directly from their bank account without needing a card, wallet, or middleman.

Unlike card payments, customers are not required to provide data such as their card number. It's all done within a few clicks.

Klyme offers businesses with one of the most powerful payments solutions available today which allows them to maximise conversions and grow sales, all whilst providing their customers with an unmatched user experience.

From effortless onboarding to seamless integration and a smooth go-live experience, Klyme has reimagined every step of the process to deliver a payment journey that’s uniquely tailored and seamless for both businesses and their customers.

Within the UK and Europe (where banks support SEPA Instant), settlements are performed in real-time which means payments land into your account instantly.

In cases where banks in Europe do not support SEPA Instant, settlements are typically finalised within 48 business hours.

Klyme leverages Open Banking technology for its payment solution. The entire payment process happens within your bank’s secure system, which is built with multiple layers of security.

Banks use encryption and multi-factor authentication such as; confirming payments within your banking app via face ID, fingerprint or a secure code sent to the customers phone.

Unlike card payments, customers are not required to provide data such as; card numbers, expiration dates, or CVVs, mitigiating the possibility of sensitive data falling into the wrong hands.

Every Open Banking payment requires the customers explicit approval. The customer is always in control.

We are currently live in; UK, France, Netherlands, Germany, Spain, Portugal and Belgium, with more countries to follow.

Yes we can.

We are Integrated into and partnered with a number of EMI institutions across both the UK and Europe so if you require a settlement account, Klyme can assist with you that.