Rent with confidence, and take the deposit by bank
Confirm a hirer can comfortably afford the rental and take the deposit straight from their bank, so you reduce risk without slowing the booking.
Card deposits cost you
Cards are expensive, slow to settle and easy to dispute on a high-value hire.
Scheme fees add up on every booking.
Card deposits are easy to challenge after the fact.
A quick booking leaves little time to check.
Manual checks do not catch much, and slow things down.
What open banking does for rental
One open banking connection covers all three, with no extra systems to run.
Why rental businesses use it
Real financial evidence behind every booking.
Check and collect in one smooth flow.
No scheme fees on the deposit.
A bank payment is far harder to charge back.
The data points that matter for vehicle and equipment rental
One connection surfaces exactly what you need to make a confident decision. See how it works.
A customer wants a £400-a-week van hire with a £1,000 deposit. One connection confirms affordability and takes the deposit straight from their bank over Faster Payments, with Confirmation of Payee, so there is no card chargeback risk.
Open banking for vehicle and equipment rental: FAQs
For high-value hire, yes. A bank payment with Confirmation of Payee is far harder to dispute or charge back than a card authorisation, and there are no card details to store.
You can still take a card or manual deposit as a fallback, but offering pay by bank reduces cost and fraud risk for the bookings that use it.
Access is read-only under FCA authorisation and encrypted in transit and at rest. The customer consents to share specific accounts for a limited period, only vehicle and equipment rental working on the case see the result, and the customer can withdraw access at any time.
Reduce risk without slowing bookings
Book a demo and we will run a check and a deposit on a live connection.