Satispay is an Italian payment method that allows users to transfer money in real-time and make payments in-store or online. Here are some key information about this payment method:
– How it works: Satispay works through a mobile application that can be downloaded for free on Android and iOS devices. Users need to link their bank account to the app to make money transfers or payments.
– Security: Satispay uses advanced encryption technologies to secure transactions and users’ personal information. Data is stored on secure servers in Italy, and the company is authorized by the Bank of Italy as an authorized payment institution.
-Usage: Users can use Satispay to make payments in physical stores by scanning a QR code at the checkout. The payment method is also accepted online on some e-commerce sites in Italy.
– Fees: Money transfers between users are free. For in-store payments, Satispay charges a commission of €0.20 per transaction, while online payments are free for users.
– Popularity: Satispay has become one of the most popular payment methods in Italy, with over 2 million registered users to date. The payment method is accepted in more than 130,000 stores in Italy and is used to process over 3 million transactions every month.