fumopay is an innovative secure, card-free payment platform and app built entirely on open banking that allows merchants to request and consumers to instantly pay bills without the need for card processing. fumo can be set-up for online payments, used in-store via QR codes, payment link which can be shared online, on email, via social media platforms.

No!

As long as your customer has online banking setup they can pay online or on their device without downloading the fumo app. However, if they have the fumopay app it makes it even simpler.

The fumo app does more than just pay for shopping! It is also helps the user send and pay money with friends, family & groups. Split bills and track payments.

VERY, fumopay uses open banking not the card schemes to make payments. For the customer, fumo uses the biometric security online or on their device to authorise payment. For the merchant, you know that payments are coming direct from the customer to their bank account.

fumopay does not hold onto your money at all – all funds go direct from your customer to your business account – instantly as a faster payment!

Our starting fee is 1% of the transaction fee but we guarantee to be 40% cheaper than conventional payment services, see pricing comparison table. If you have negotiated rates, then give us the opportunity to beat them.

fumopay is an innovative payment platform using open banking. As we do not rely on the card schemes, we cut out the middleman and therefore pass the savings onto the merchant. We also don’t hold merchant money but instead move the money directly from the customer’s bank into your bank. fumopay is committed to support businesses with faster, lower costs payments.

No! fumopay doesn’t use cards at all, only online banking so no cards are required. Which means less plastic (we hope) and no card fraud.

Sorry, no. The only requirement on the customer side is they have access to their bank account via their mobile app or online. There are a few banks that are dinosaurs and don’t yet support open banking.

Never! fumopay is registered and regulated by the FCA as an Authorised Payment Institution– as importantly neither your customers money nor your money is ever held onto or accessed by fumopay. It is not paid to us but direct from your customer to your business account.

Yes! The QR code or online link can be used by anybody to make payment to your business account. Parents, friends or family can pay on someone else’s behalf if they want to.

Yes, fumopay is an additional payment method, so depending on your business, many merchants will continue to use multiple payment methods.

Your clients can sign-up to fumopay using our standard sign-up link. You will be issued with a referral code when you become a fumopay Partner, so be sure to provide this to your clients and ask them to use the code when prompted in the sign-up process.

Upon signing up your client will receive an invoice for their 12 month license