Teya, the financial services provider supporting local businesses across Europe, today launches a new payments card machine that completes the majority of sales in 1.7 seconds - then instantly transfers money to sellers’ accounts.

The distinctive new lime-green Teya Pro device is being debuted in the UK as the latest in Teya’s new suite of products designed to take payments faster, serve customers quicker and make sure businesses get their money sooner. Once the Teya Pro completes a sale in less time than it takes to sip a pint or thank a customer, Teya’s Instant Settlement service means money is ready to spend in sellers’ Teya Business Accounts moments later. 

At The Bat and Ball Country Pub & Haywards Restaurant in Wisborough Green, a local family-owned business, Richard Hayward delivers over 5,000 covers a month – and even more in mid-summer. 

“Fast payments mean fast service and more sales,” says Richard. “When the pub and restaurant are packed, we just can’t afford irritating delays while a sale is slowly processed. Everything has to work immediately. The Teya Pro has made a real difference, with happier customers and higher takings. And we see the cash turn up in our Teya Business Account straight away. That’s exactly what a business like ours needs.”

Rebuilt entirely around the needs of the local businesses, these new products and service guarantees offer merchants everything they need to get paid more quickly:

• The new Teya Pro card machine. With a 14+ hour battery that trades right through the busiest day, 6.7-inch tap-anywhere screen so the queue keeps moving, and three ways to connect - 4G, Wi-Fi and Ethernet - so a dropped signal never costs a sale. Built on a quad-core 2GHz Qualcomm chipset with 4GB memory and Android 13, it runs the till and payments side by side without lag, with the majority of payments completed in 1.7 secs.
• Streamlined onboarding - getting merchants underway in minutes, not days. A digital-first registration process takes merchants from application to approval and taking payments faster than ever, with full transparency at every step.
• The new card machines are underpinned by Teya’s Instant Settlement offer, ensuring money arrives in merchants’ Teya Business Accounts in seconds - or next-day everyday settlement that pays out daily, weekends included. For a business taking tens of thousands on a Saturday, that means immediate access to vital cash flow.
• Because local businesses also need instant service, Teya has a support team on hand committed to picking up the phone in under 10 seconds if merchants need to get in touch. 

Alessandra Giner, Chief Product Officer at Teya, added: “Local businesses deserve better. Too many business-owners have had to become accustomed to hidden fees, being left on hold or otherwise being treated as an afterthought. Today, Teya changes that. We’ve designed our new suite of products for business, non-stop - making sure they get the faster payments, instant settlement, hassle-free onboarding and unparalleled customer support they deserve.”

Teya Pro represents the latest innovation in Teya’s new suite of products. It follows the launch of the rebuilt Teya Business Account, a major upgrade allowing business-owners to automate spend management, earn cashback on all their team members’ day-to-day spending and manage everything through one app.