FAQs
What is PayedNow?
PayedNow is a revolutionary payment platform offering secure, real-time, and choice-driven transactions. It empowers users by placing control in the hands of the payee, providing flexibility, transparency, and compliance for all payment types.
How does PayedNow work?
PayedNow operates on a unique bilateral messaging system. The payer initiates a payment request, and the payee selects their preferred payment method, timing, and clearance path. This approach ensures secure, traceable, and user-controlled transactions.
Who can use PayedNow?
PayedNow is designed for individuals, businesses, financial institutions, e-commerce platforms, and other sectors requiring secure and real-time payment solutions.
What makes PayedNow different from traditional payment systems?
PayedNow offers:
- Payee-controlled transactions.
- Real-time global payments.
- Advanced fraud prevention with contractual messaging.
- Compatibility with multiple payment methods, including digital wallets, bank transfers, and cryptocurrencies
Can PayedNow handle cross-border payments?
Yes, PayedNow supports cross-border payments with real-time processing, ensuring compliance with global regulations like FATF16 and AML standards.
Does PayedNow support escrow services?
Yes, PayedNow provides digital escrow functionality, ensuring secure fund holding until transaction terms are met. This is ideal for peer-to-peer payments, e-commerce, and high-value transactions.
How does PayedNow ensure transaction security?
PayedNow uses end-to-end encryption, audit trails, and a secure bilateral messaging layer to prevent fraud and unauthorized access. All transactions are validated and documented for transparency
Is PayedNow compliant with global financial regulations?
Yes, PayedNow adheres to strict compliance standards, including AML, KYC, and GDPR requirements, ensuring secure and lawful financial operations globally
How can PayedNow help my business?
PayedNow improves operational efficiency, reduces fraud risk, and offers scalable solutions for diverse industries, such as e-commerce, gaming, and trade finance
Does PayedNow support customizable payment options?
Yes, businesses can tailor payment flows to suit their needs, including split payments, recurring billing, and real-time analytics
What payment methods can I use with PayedNow?
PayedNow supports a wide range of payment methods, including:
- Bank transfers
- Digital wallets (e.g., Apple Pay, Google Pay)
- Cryptocurrencies
Can I delay payments using PayedNow?
Yes, PayedNow’s Purposed Payments (PP) feature allows users to signal their intent to pay later, offering flexibility without interest or penalties
Is PayedNow available on mobile devices?
Yes, PayedNow is accessible via mobile apps, web platforms, and even low-bandwidth channels like SMS and USSD
How do I integrate PayedNow with my existing system?
PayedNow offers APIs and developer tools for seamless integration with e-commerce platforms, financial systems, and other business applications
Are there any fees for using PayedNow?
Fees vary based on the transaction type and payment method. PayedNow offers transparent pricing with no hidden charges
Download the app today
Coming soon to IOS
Talk To Us
support@payednow.co.uk