Exciting news for merchants using Shopify! TrueLayer, a leading provider of Open Banking solutions, has launched its app on the Shopify App Store. This integration brings a range of powerful capabilities to Shopify merchants, enabling them to enhance their online business operations while bolstering customer experiences.
What is TrueLayer?
TrueLayer is an innovative fintech company that focuses on building secure and easy-to-use APIs to enable businesses to access banking and financial information programmatically. Their platform leverages Open Banking, which is an initiative that allows customers to grant secure access to their financial data to authorized third-party providers. This secure access enables businesses to access valuable financial insights, verify account ownership, initiate payments, and more.
Benefits of TrueLayer’s app on the Shopify App Store
The integration of TrueLayer with Shopify offers numerous benefits to merchants:
- Seamless Payment Experience: TrueLayer’s app allows customers to make purchases directly from their bank accounts, bypassing traditional payment methods. This eliminates the need for multiple payment intermediaries, resulting in quicker and more efficient transactions.
- Instant Bank Verification: With TrueLayer’s app, merchants can verify customers’ identity and bank account details in real-time, reducing the risk of fraud and enhancing the overall security of transactions. This feature is especially valuable for high-value purchases or applications where trust is critical.
- Personalized Checkout: By leveraging Open Banking, TrueLayer enables merchants to provide personalized checkout experiences. Customers can view account balance and transaction details, allowing for tailored offers and promotions, leading to increased conversion rates.
- Payment Initiation: TrueLayer’s app enables merchants to initiate payments directly from customers’ bank accounts, bypassing time-consuming and costly intermediaries. This feature facilitates faster settlements and reduces transaction fees, benefitting both merchants and buyers.
- Real-Time Bank Balances: Merchants can retrieve customers’ real-time bank balance information through TrueLayer’s app, allowing for accurate stock control and personalized product recommendations based on available funds.
How to get started?
If you are a Shopify merchant interested in leveraging TrueLayer’s capabilities, getting started is simple:
- Visit the Shopify App Store and search for “TrueLayer.”
- Install the TrueLayer app to your Shopify store.
- Follow the provided setup instructions to connect your banking information securely.
- Start enjoying the benefits of TrueLayer’s app in your Shopify store.
About TrueLayer:
TrueLayer is a pioneering fintech company based in London. Their mission is to provide secure, reliable, and easy access to financial information through APIs. By leveraging Open Banking, they enable businesses to access and utilize valuable banking and financial data, enhancing their operational efficiency and customer experiences.
With the launch of TrueLayer’s app on the Shopify App Store, merchants using Shopify can now leverage the power of Open Banking, streamlining their payment processes, enhancing security, and providing personalized experiences to their customers. This integration opens up exciting possibilities for Shopify merchants to accelerate their growth and succeed in a highly competitive e-commerce landscape.