MGN Builders Merchants
MGN choose Prommt
Founded in 2013, MGN Builders Merchants is one of the fastest growing builders merchant in London and Essex area. Specialising in Plumbing, Electrics, Building Materials, Adhesives, Timber, Roofing, Aggregates, and Insulation, they aim to become the largest independent builders’ merchant in the UK.
With over 10% of payments going through Open Banking already, MGN have generated significant card processing savings with. The ability to provide flexible payment options enhances their customers’ experience.
Award winning Payment Orchestration Controls
MGN have been using Prommt Payment Requests since 2021, and introduced Pay by Bank as a payment method since October 2022. They have adopted Prommt’s smart toggle, which enables them to offer card or bank payment based on a merchant-defined purchase value threshold. Prommt helps MGN achieve operational efficiency by reducing the cost and time involved in payment collection.
Prommt Checkouts make it easy to pay directly from your bank account
Open Banking Drives Real Impact for the Hardware Sector
Get paid before delivery
Increase revenue and profitability
Eliminate costly chargebacks
Ensure compliance with regulations (PSD2, UK DPA/EU GDPR/ PIPEDA/ CCPA, PCI)
Payment flexibility – merchants can decide to offer card or bank as a payment method depending on customer, value threshold, or simply offer both options.
Deliver an enhanced payment experience
Automated credit control – effectively manage arrears and personal payment plans
Effective use of staff’s time in collecting payments