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Unitas Wholesale taps Acquired.com for Open Banking payments

By Gloria Methri

March 05, 2024

  • Acquired.com
  • Alternative Payment Method
  • Europe
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Unitas Wholesale, Acquired.com, Open Banking Payments, Payments, Merchant Acquiring, Payment Processing, FinTech, UK, EuropeAcquired.com has been selected to deliver Open Banking solution to Unitas Wholesale, the largest network of independent cash, carry, and delivered wholesalers in the UK.

As the preferred partner for Unitas Wholesale, Acquired.com will deliver its proprietary Pay by Bank payment solution 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.

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.

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. 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.

John Kinney, Managing Director at Unitas Wholesale said, “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 added, “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. 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 said, “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 are driving payment innovations that prioritise seamless transactions and significant cost savings for merchants.”

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