Trustly introduces FlexPay by Trustly, a deferred settlement product for flexible payments

San Carlos, California, February 16, 2022 – Trustly, the leading global payments platform for digital account-to-account transactions, is proud to introduce FlexPay by Trustly, a new product that gives consumers the flexibility to defer the settlement date of a debited amount to a date in the future. Merchants will have the ability to configure the deferred settlement periods to up to 30 days.

Merchants will continue to benefit from Trustly’s Open Banking Payments features like lower processing cost (below traditional deferred payment providers), guaranteed payments to eliminate chargebacks, as well as new advantages with increased conversion, basket size, and consumer loyalty.

Consumers will continue to have the option to pay in full at the time of purchase but they will now also be able to delay a payment without incurring any additional fees or hidden charges. With FlexPay by Trustly, they will avoid any credit checks and will be protected by Trustly’s bank-grade security that comes standard with our bank connectors.

Pete Ohser, President at Trustly North America, says: “Increasingly, people are looking for more flexible ways to pay and we’re excited to introduce a product that delivers on that. With FlexPay by Trustly, consumers get the same safe and fee-free Trustly payments they love, while also benefiting from the flexibility of deferred payments without credit checks or interest. On top of that, guaranteed payments ensure no chargebacks for merchants, which is a true differentiator.”

About Trustly

Founded in 2008, Trustly is a global leader in Online Banking Payments. Our digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting us apart from the competition and enabling us to offer an attractive alternative to the traditional card networks at a lower cost. Today we serve 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; and in 2020 we processed over $21 billion in transaction volume in our global network.

Trustly has more than 600 employees across Europe, North America and Latin America. We are a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, we are state regulated as required to serve our target markets. Read more at www.trustly.com.

Press contact
Meredith Popolo, Head of PR and Communications at Trustly, meredith.popolo@trustly.com