Tide collaborates with Adyen on payment acceptance product

Business financial platform Tide has partnered with payment technology provider Adyen to bring a new payment link product to Tide members.

The soon-to-be-launched Tide Payment Links, powered by Adyen, will offer a quick, easy and low-cost option for receiving card payments, Tide said.

Tide Payment Links will allow small business owners to accept card payments rapidly and remotely, with the option to include a payment link on invoices.

Mark Hazzard, VP of financial services at Tide, said: “Adyen’s leading technology and expertise in the payment acceptance sector mean we are confident we will be able to offer our members a great way to accept card payments that’s simple for them and their customers.”

He added: “We know that as a result of the pandemic, the use of cash has been in steeper decline, and it is important that small businesses have options available for their customers to make payments.

“Accepting card payments can be difficult and expensive for one-man-bands such as freelancers and contractors. Tide Payment Links will be a simple option to add to invoices and we hope it will help small business owners to get paid more quickly.”

Adyen will provide the back-end technology for Tide Payment Links.

Colin Neil, managing director of Adyen UK, added: “We’re very excited to partner with Tide to extend their business banking offering for small businesses.

“We value the opportunity of teaming up with a forward-thinking financial technology company by enabling Tide members to streamline their payments set up, and further improve businesses efficiencies.”