Quidkey provides a Pay by Bank solution that lets shoppers pay directly from their bank accounts at checkout, eliminating card intermediaries. The service integrates via a Shopify app, iFrame, or API with no upfront costs, offering instant, bank‑authenticated payments that reduce fraud and chargebacks while lowering payment fees for merchants.
Funding
Funding not disclosed
Founders
Product
Problem
Merchants relying on traditional card payments face high processing fees, chargebacks, and slower settlement, which can reduce profit margins and deter customers, especially for cross‑border transactions.
Solution
Quidkey offers a Pay‑by‑Bank solution that lets shoppers pay directly from their bank accounts via instant, account‑to‑account transfers. The service integrates with existing checkout flows through a Shopify app, an embeddable iFrame, or API endpoints, requiring no upfront costs or major code changes. By routing payments over real‑time rails (FedNow, RTP, FPS, SEPA Instant), Quidkey delivers near‑instant settlement, eliminates card‑related chargebacks, and reduces transaction fees to 1 % + $0.30 domestically and 3 % + $0.30 for cross‑border payments with mid‑market FX rates. The platform also predicts the shopper’s bank to streamline selection, boosting conversion rates.
Target Audience
Primary customers are ecommerce merchants using platforms such as Shopify, WooCommerce, or BigCommerce, particularly those selling domestically and internationally who seek lower fees, faster settlement, and reduced fraud risk.
Features
- Shopify app, iFrame, and API integration options for quick, no‑code deployment
- Real‑time, bank‑to‑bank settlement on instant rails (FedNow, RTP, FPS, SEPA Instant)
- Predictive bank selection that surfaces the most likely bank first, improving checkout conversion
- Zero chargebacks through bank‑authenticated payments, removing card‑fraud risk
- Transparent pricing: 1 % + $0.30 per domestic transaction, 3 % + $0.30 for cross‑border with no FX markup
- Cross‑border support for payments to the US, UK, EU, and Australia with local acquiring where possible
- Programmable treasury features (splits, automated tax routing, multi‑currency settlement, webhooks)