For merchants selling bicycles, furniture, high-value tools, or offering services like car repairs, household appliance repairs, design, translation, and others, payment processing often comes with high costs, complex processes, and inconveniences for both businesses and clients. IRIS Solutions offers a modern solution – IRISPay, a mobile app for cardless payment acceptance that optimizes processes and reduces costs.
With IRISPay, merchants can save up to 60% on payment processing costs, while customers can make purchases quickly, easily, and securely without the need for bank cards.
Key Challenges for Freelancers and Service Providers
High Transaction CostsCard payments, which require physical or virtual POS terminals, come with significant investments and high fees for commissions and monthly subscriptions, reducing the merchants' profits.
Management DifficultiesProcessing and reconciling payments require time and resources, complicating operational workflows.
Limited Options for CustomersModern customers expect convenient, secure, and innovative payment options, regardless of the value of the purchased goods or services.
Expensive and Unnecessary Cash ReceiptsMaintaining cash registers and issuing cash receipts is costly, labor-intensive, and unnecessary in the digital age.
The Solution: IRISPay – The Smart Digital Payment Solution
Simple Payment Generation
With IRISPay, merchants can generate a QR code for payment in just two easy steps using the IRISPay for Merchants mobile app, available for Android and iOS.
At Least 50% Lower Fees
Thanks to Open Banking technology, transaction fees are significantly lower compared to card payments.
Fast Fund Transfers
Funds are transferred directly to the merchant's bank account within 10 seconds or as part of a standard bank transfer.
No Additional Fees
IRISPay does not require subscriptions, integration, or monthly fees. You only pay for successfully completed transactions.
Choice of Bank Account
Funds are transferred directly to the merchant's chosen bank account without the need to open a new one.
No Need for Cash Receipts
Payments with IRISPay are direct bank transfers and are not subject to the requirements of Regulation N-18.
Benefits for Customers
Fast and ConvenientCustomers can pay in just 4 clicks or using biometrics through their banking app.
No Payment LimitsIRISPay allows payments for goods and services of any value.
No Additional Apps NeededCustomers make payments directly through their banking app, without needing to install anything extra.
Top-Level SecurityIRISPay complies with the strict security requirements of the PSD2 (Second Payment Services Directive). Payments are processed within the customer's bank environment, ensuring that no sensitive information is shared with the merchant or IRISPay.
Ready to Optimize Your Business with Modern Payment Solutions?
How Does IRISPay Work?
📹 Watch our demo videos to see how IRISPay can optimize your business!
Make payments using the IRISPay QR Code:
Generate a QR code:
Who Are IRIS Solutions?
IRIS Solutions ("IRIS Solutions" Ltd.) are pioneers in providing innovative, secure, and user-friendly financial solutions. We are a payment institution licensed by the Bulgarian National Bank (BNB). Under this license, the company is authorized to offer payment initiation services and account information services.
Since 2024, we have been operational and have integrated with over 70 banks and financial institutions across Southeast Europe. This allows us to deliver our services and products in Bulgaria, Romania, Greece, Croatia, and Cyprus, making us a trusted partner for businesses in the region.
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