At Crezco, we utilise a payment system known as open banking, which enables payments to be processed directly from one bank account to another. This system is designed for account-to-account (A2A) transactions, meaning payments move seamlessly and instantly from the payer's bank account to the merchant's bank account without the need for intermediaries like card networks.
Since Crezco is built on these open banking payment rails, we only support bank transfer payments. Unfortunately, this means we do not accept credit or debit card payments. Our system bypasses traditional card networks, providing a faster, more secure, and cost-effective alternative to card payments.
Here’s a quick overview of why we don't accept credit or debit cards:
- Direct bank transfers: Payments through Crezco are processed instantly between bank accounts, avoiding delays and fees associated with card networks.
- Security: Open banking ensures a high level of security since transactions are authorised directly by the payer through their bank, eliminating the risks of card fraud.
- Cost-effectiveness: By using open banking, we avoid card processing fees, which can be costly for merchants.
If you have any questions about our payment system or need further assistance, please don’t hesitate to reach out to our support team. We're here to help!