Challenger bank debuts ‘walk out trading’ service

Financial Services | Latest News

In an industry-first, Metro Bank have today announced the launch of its ‘walk out trading’ service.

Powered by long standing payments partner acceptcards®, it will allow businesses to accept debit and credit card payments as soon as they open their account.

With the length of time it takes to get up and running being a critical factor in determining how successful a new business will be, Metro Bank’s trading business customers will be able to accept and process card payments in a matter of hours.

Business current accounts can be set-up on-the-spot in store without an appointment, with customers receiving their card and PIN, as well as being registered for internet and mobile banking then and there and can now also benefit from a ready-to-go merchant services solution.

The quick and simple process delivers an instant decision, meaning businesses can start accepting card transactions as soon as they leave the store.

Existing customers can also choose to add the service to their business account at a time convenient to them.

The bank has begun a phased rollout of the programme across 10 of its stores and expects to offer the service across its entire store network by the end of the year.

Craig Donaldson, CEO at Metro Bank said: “We’re already winning 17% of business banking switchers across London by offering products and services designed around their needs. Our ‘walk out trading’ service is adding yet another element to our growing armoury of business banking services.”

The multi-channel payment solution provides customers with the ability to take face-to-face payments through a contactless-enabled chip and PIN reader, which connects to an app on a smart phone or tablet, as well as telephone and online payments.

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