UK-based social payments app VibePay is improving its service for online sellers.
It will eliminate fees and also hopes to accelerate payments.
This will be done through a new way to request payments via a link.
The link can be made available through VibePay and WhatsApp.
What does this mean?
Founder and CEO Luke Massie said sellers felt they were being “ripped off” by fees as well as inefficient payment times, so the FinTech has listened and adjusted accordingly. Launched just six months ago, the app has already seen £1mn in payment requests.