PayTrueQR

About

UK businesses forfeit as much as 3% of each sale to card fees, alongside expenses for terminal rentals, setup costs, and settlement delays of one to three days. PayTrueQR solves this problem. By scanning a QR code, payments move straight from the customer’s bank account to yours using Open Banking and Faster Payments. It bypasses card networks and eliminates percentage fees, charging only a fixed £0.20 per transaction. Funds are settled in seconds rather than days. Designed initially for hairdressers, barbers, and beauty salons, the service is available to any UK small or medium enterprise. It is live on both iOS and Android.