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Does Atoa accept Credit Card Payments?

Last updated on May 15, 2024

No. Atoa does not accept credit payments of any kind. Atoa utilises the Open Banking Network for payments. To use Atoa, both the customer needs to have a UK bank account and app on their smartphone.

The customer scans an Atoa QR code or clicks a payment link, which takes them straight to their bank app to approve the payment. Once confirmed, funds are transferred to the business bank account in seconds. This offers instant cash flow and up to 70% savings compared to traditional card payments.

We call this “Instant Bank Pay” but it’s also known as an account-to-account (A2A) payment or pay by bank.