Overview

The Instant Payments product allows merchants to present their customers with a web-based journey for depositing money. The Instant Payment journey is typically linked to the merchant's checkout or deposit pages of their website, and when the customer proceeds with the payment, they are redirected to the Yaspa screens.

This integration will allow for A2A payments to a merchant Virtual Account. To do this, merchants send Yaspa a Pay-in Instruction API call, with details of the pay-in being made, including amount, currency, customer identifier, etc, and then Yaspa returns a URL. This should then be opened for the customer, allowing them to complete the pay-in journey and make the payment.

Merchants will then release goods and services based on the Instant Pay-in Webhooks. See the Integration Overview for more details of the integration.

How is the Payment made

The Instant Payments product uses open banking to initiate the payment. The merchant's bank details are supplied to the bank and then the customer pushes the payment to the merchant via their bank app. This whole journey is orchestrated by Yaspa and the customer simply needs to complete a series of clicks.

With open banking, the customer does not provide their bank details to the merchant, instead, the merchant's bank details are provided to the customer via their bank app. This provides several advantages for the customer and merchant:

• The customer does not need to manually enter any data, such as their card details, making the process quicker and less error-prone.
• The customer is not sharing their bank details with the merchant, providing greater security.
• The customer's payment is protected by their standard bank security mechanisms and biometrics. This assures it's actually the customer making the payment. This means chargebacks are not applicable to open banking payments.