Features
Jan 13, 2025
Bank transfers have been the backbone of business payments for decades, yet they come with notable inefficiencies. Long processing times, hidden fees, and lack of flexible payment options frustrate today’s fast-moving businesses. Lytz offers a fresh approach built to overcome these traditional banking pain points.
Speed and Instant Settlements
Standard bank transfers often take days to clear, causing cash flow challenges that slow down business operations. In contrast, Lytz provides instant payments within its network. Funds move in real time, allowing businesses to act on available cash immediately and maintain a healthy working capital.
Limitations on Limits and Fees
Bank transfers sometimes come with transaction limits and unexpected fees based on amounts or processing times. Lytz removes these restrictions with no limits and transparent pricing—no fees for payments within the network and only a simple 1 percent fee when withdrawing outside. This predictability empowers better financial planning.
Lack of Business-Ready Features
Traditional bank transfers do not support routines, instant balance checks, or collaborative payments—features increasingly crucial for managing recurring bills, verifying funds before transactions, and managing complex business relationships. Lytz includes all these functions in its platform, helping businesses automate and secure their payment workflows.
Integration and Technical Complexity
Bank transfer setups often require multiple platforms and third parties, increasing integration complexity. Lytz’s single API approach streamlines connections, supporting multiple payment methods and instant payouts with minimal technical burden.
Conclusion
For businesses ready to move beyond slow, limited bank transfers, Lytz offers an innovative payment platform built for speed, flexibility, and business-scale automation. Instant payments and comprehensive features make Lytz the future of business money movement.