Business Wire
Merchant Benefits
Consumer Benefits
Higher Conversion Rates: With a merchant-branded offering at the point of sale, merchants can unlock high conversion rates, as their customers can utilize Pay with Spire across all available transaction channels.
Convenience of Credit Card-Like Transactions Without the Fees: Pay with Spire offers the ease of credit card payments without high fees or interest, delivering a smooth checkout experience without traditional credit reliance.
Reduced Transaction Costs: Instead of merchants paying approximately 2.5% fees for credit card transactions and 1.7% on regulated debit card transactions, Pay with Spire offers an extremely low flat per-transaction fee, allowing merchants to save between 50% and 90% on processing fees overall.
Rewards That Matter: Merchants can pass cost savings from lower processing fees onto customers in the form of meaningful rewards such as points, discounts, and incentives, leading to increased customer satisfaction.
Increased Customer Loyalty: Offering fast payment options, a 98% transaction approval rate, and integrated loyalty rewards builds customer trust and spurs repeat business and bigger basket sizes.
Familiar Payment Experience: Pay with Spire offers consumers a familiar and convenient payment experience—there is no need to learn a new habit, ultimately reducing barriers to entry.
Higher Average Transaction Value: The branded payment platform, which offers rewards that truly matter, encourages consumers to spend more per visit, as they perceive payments as hassle-free.
Avoid Personal Debt Accumulation: Pay with Spire empowers consumers to avoid debt accumulation by allowing them to make payments straight from their bank accounts.
Ease of Integration: Transactions are routed over Discover Network, eliminating the need for costly front-end or back-end integrations. This results in a frictionless implementation process.
Flexibility Across Payment Channels: The platform supports digital and physical payment types, allowing consumers to pay how they prefer. Whether shopping in-store, online, or in-app, Pay with Spire works seamlessly across all channels.
