UseMyBank

This is a unique fully automated online payment service that provides easier and faster and secure online transactions for both buyers and sellers worldwide. This system allows customers to utilise their already existing bill payment provision via Online banking which is provided by their own supporting Bank to make purchases from registered sellers. Use My Bank is currently used by over 20 million online banking buyers and 67 million online banking merchants all across the globe. This circle is constantly expanding and is expected to become one of the most popular online payment methods in the future.

How Use My bank works

The Use My Bank service works in a very simple yet efficient manner. All that buyers have to do is use their online banking bill payment service and make payments to registered merchants. These payments happen in real-time and allows sellers to get their money instantly. However to use this service the buyers Bank must be registered with Use My Bank and offer Use My Bank as an online payment option. It is also necessary that the online merchant be registered with Use My Bank as well.

All online financial transactions are managed by NPAY. Use My Bank makes arrangements with the registered Sellers and affiliated Banks and funds are distributed accordingly and a disbursement fee of 5% is charged.

Currencies accepted

Use My Bank charges all of its fee rates in Canadian dollars. It allows fund transfers in US or Canadian direct deposits, Wire Transfers as well as other methods of money transfers. Use My Bank now operates in US and Canadian dollars only.

US users

Use My Bank is available to customers in the United States and it is one of the payment options tat also supports US gamers’ accounts and allows interaction with online casinos.

Benefits

Use My Bank offers many advantages to its users: buyers, online merchants, affiliates and the billers.Buyers can enjoy convenient and easy online transactions with Use My Bank. They need not sign up or register for any service but can directly pay through their bank account.

All the payments made are free and there are no hidden charges. The online buyer gets total control over payments made through the online Banking bill payment account.

For the online merchant there is the chance of increasing sales by 40 % and the opportunity to instantly acquire their online payments without any hold-ups. Use My Bank does not require the merchant to create an account and also offers some of the best transaction rates in the business.

Use My Bank offers billers the opportunity to increase customers and to wholly utilize their billing account. They get real time payments and can also keep their branding in the process.

Banking affiliates can earn 5% of the fees of the online merchants they refer to their banking customers and get their payments directly via heir method of choice.

Conclusion

Use My Bank is a simple and secure way of transacting online where funds are directly debited from the buyers account. Personal information like your login details are kept secure and are automatically deleted from record after every transaction thus maintaining your privacy and security. Sellers are notified when payment is made so that they can deliver the product or services purchased immediately. The buyer enjoys control and security over their online financial transactions and the sellers and billers get their payments in real time while the affiliates get 5% of the fees. Use My Bank is an excellent payment method that is advantageous to all that use it.