Stripe introduces PayTo, a real-time payment method now available in Australia for one-time and recurring payments.
- •PayTo allows customers to pay using their PayID (email or phone) or bank account details at checkout
- •The payment flow involves customer authorization through their bank, enabling real-time settlement in AUD
- •Merchants benefit from lower transaction fees compared to card payments and reduced cart abandonment
- •Integration is available via Stripe Payment Element or Checkout with no additional engineering work required
- •Australia's payment landscape shows cards at 64% and wallets at 22% market share, with PayTo targeting bank transfer growth
This summary was automatically generated by AI based on the original article and may not be fully accurate.
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