Category: Payeda

Sole Traders in UK will meet the brand new Financial Tool

Sole Traders in UK will meet a new Financial Tool; Payeda. A new platform is a very practical & cheap way to receive payments from the customers.

Payeda as a new payment platform for sole traders might be a best tool for the freelancers to put their businesses online through the platform. Create an invoice in the platform, send it to the customer and connect the bank account to receive funds with no chargeback & low transaction fee; are the main features of the platform which helps to facilitate the business life of the sole traders. The platform is supposed to be indispensable for the freelancers in a short time period.

Payeda invites SMEs in UK

Payeda invites SMEs in UK to be part of its platform to take their business online with Payeda’s UNIQUE platform


Payeda, a new financial platform for businesses started to invite SMEs in UK to take their businesses online with the motto of  “OPEN BUSINESS through Payeda Unique platform”.


As Open Banking platform opens the financial data of businesses to the third party apps with the consent of businesses, Payeda creates an “OPEN BUSINESS” concept through inviting customers and suppliers of the businesses to its platform which opens the sales invoices to the customers for receiving payments and purchase invoices to businesses for making payments in one place; PAYEDA.

Businesses can connect their ERP Cloud ( Xero, etc..) to Payeda and open their business to the others, their financial network. Every business has a place in PAYEDA whichever ERP they use or can able to create manual invoices for their business in Payeda.

Businesses now has a meeting point for exchanging their invoices, making & receiving payments through Open Banking; account-to-account instant payments in seconds, and every payment instantly synchronised in ERP cloud. With Open banking, there is no chargeback issue, instant refund available and payments made in seconds.


For the SMEs in UK, it’s time to OPEN BUSINESS through Payeda to their current financial network and the potential customers.


Truelayer has unveiled a VRP API

Truelayer has unveiled a VRP API for sweeping and non-sweeping use cases

“TrueLayer” has unveiled a VRP (variable recurring payments) API capable of dealing with both sweeping and non-sweeping use cases.

As of late July 2021, the Competition and Markets Authority (CMA) in UK has mandated the UK’s nine largest banks to provide VRPs that support the automatic transfer of money between two accounts belonging to the same person; sweeping accounts. VRPs allow customers to connect authorised payments providers to their bank account so that they can make payments on the customer’s behalf within agreed parameters.

However, only the payments between an individual customer’s accounts means that limiting the potential of VRP. So, in April 2022, Truelayer has unveiled a VRP for non-sweeping use cases; e-commerce, digital subscription, utility bill payments and other forms of digital payments. Using Trulayer VRP enables the amount being collected to vary without needing the account holder to re-consent every payment – for example, utility bills with a fixed payment date but different amounts due each time.

Truelayer has already signed up NatWest, which is to begin pilot testing of variable recurring payments with its open banking payments product Payit in the first half of 2022, with plans to scale to a commercial product ready by early 2023.

Payeda presents “Business Merchant Account”
Payeda provides businesses “Business Merchant Account” an Open Banking service without the need of obtaining POS machine or Virtual POS.

Payeda, a new financial platform for businesses provides business who would like to receive online payments from their customers.

In Payeda platform, business members would setup their merchant account through connecting Open Banking Business Accounts to the Payeda account. It will make businesses start to receive payments from their customers through Payeda platform, or sending a payment link via e-mail or QR code without need a setıp POS machine or ghetting Virtual POS services from the financial organizations.