Yapily Variable Recurring Payments overview

The Variable Recurring Payments product is available as a Beta version. Coverage will be initially limited to UK CMA9 banks for Sweeping use cases and Natwest UK for Non-Sweeping use cases. Check our VRP Coverage page for the latest update.

Yapily Variable Recurring Payments is an Open Banking payments infrastructure that enables you to make payments of variable amounts on an ongoing basis in line with limits agreed by the customer without needing to collect the customer's consent for every payment, offering more control and transparency than most well-known and existing alternatives like Direct Debit, Standing Orders or card CPA. Variable Recurring Payments are of 2 types - Sweeping and Non-Sweeping payments.

Type Description
Sweeping Enable the transfer of money between two accounts belonging to the same person, also referred to as 'me-to-me' payments
Non-Sweeping Enable the transfer of money for business payments for goods and services, also referred to as 'me-to-business' payments

Operating in the background, our Variable Recurring Payments API is invisible to the end user and gives you complete control of your payments experience.

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