coPayerBuilt on NZ open banking, partnered with Akahu
Cash, screenshots and hoping for the best is the old way.
coPayerSelling · HQ7M2KCode matched. $18,500 accepted at 3:41 pm. Hand over the keys.
coPayerBuying · HQ7M2KASB accepted it at 3:41 pm. That is why this code exists.
The real coPayer screens. The names, car and numbers are made up.
Is the buyer real? Is the money there? Will the transfer actually land?
coPayer takes the guessing out. Both people are confirmed by their own bank. The buyer's money is checked before anyone leaves home. The payment goes bank to bank, and the deal only closes with the code. Private deals, big or small.
Real people. Real money. No code, no deal.
Tap a step. Watch the phone.
Cars. Phones. Furniture. Marketplace pickups. Anywhere someone has to go first.
Neither of you has to go first.
It is an image, not a link. Nothing to block.
coPayerLimits are set by the buyer's bank, because they send the money. Sellers connect a bank too, to prove who they are.
The banks that support open banking payments in New Zealand.
ANZ currently makes you add a payee by hand before you can pay them, and every coPayer seller is someone new. Until ANZ change that, which they expect in November, an ANZ buyer cannot pay a seller they have not paid before. Every other bank on this list is fine.
Every bank sets its own ceiling on a single open banking payment. On a bigger deal you may need to raise your limit with your bank first, the same way you would for any large transfer. coPayer checks this the moment a buyer connects, so you find out before the day, not in a driveway.
Bank names are used to say who we connect to. coPayer is not affiliated with, endorsed by, or partnered with any of them.
The seller puts it on a card when they pick a buyer. It is held, not taken, and only taken if the deal actually pays. Buyers pay nothing and never need a card.
| Deal | Seller pays | Buyer pays | Seller banks |
|---|---|---|---|
| $300 phone | $4.50 | Nothing | $300 |
| $800 couch | $12 | Nothing | $800 |
| $2,000 trailer | $30 | Nothing | $2,000 |
| $18,500 car | $192.50 | Nothing | $18,500 |
The sale price goes bank to bank and arrives whole. The fee is a separate charge on the seller's card, and only if the deal pays.
coPayer is live, with real banks through Akahu. Start a deal in a minute, or leave your email and we will only write when something important changes.
Or just have a look first. Start a deal.
Yes. coPayer is live, with real banks through Akahu, and you can start a deal today. It takes about a minute.
Some banks have limits on what they can pay, so check the bank list before you meet, especially if the buyer is with ANZ.
No, and that is the whole point. The money goes from the buyer's bank straight to the seller's bank. It never touches coPayer.
There is nothing for us to lose, freeze, or run off with.
The pay code. A six digit pay code appears on the buyer's phone only once their bank has already sent the money. The seller types it in. No code, no deal.
So the seller is not trusting the buyer and the buyer is not trusting the seller. You are both trusting the same fact.
That is not what coPayer does, and we would rather say so than pretend.
A verified seller is a real person with a real name. It is not a promise about the thing being sold. Check the item properly before you tap pay, because once your bank sends it, the money is gone.
1.5 percent of the first $10,000 and 0.5 percent of the rest, rounded to a clean amount, at least $1 and never more than $199. The seller pays it. Buyers pay nothing.
A $300 deal costs the seller $4.50. An $18,000 car costs $190. Each seller's first deal is free, while our first 200 free deals last.
It goes on the seller's card as a hold, not a charge, and is only taken if the deal actually pays. If it falls over, nothing is charged.
No. Buyers pay nothing to coPayer and never need a card.
You pay the price you agree with the seller, straight from your bank to theirs. The seller pays the coPayer fee, because they chose to use it.
You connect through Akahu and log in with your own bank, never with us, and nobody stores your login. coPayer checks once that the money is there and never sees your balance again. The only payment it can start is the one for your deal, and your bank asks you to approve it first.
The seller is told "funds seen" and the time. They never see your balance or your bank details.
The main New Zealand banks, through open banking.
One limit worth knowing up front: ANZ currently requires a payee to be added manually before you can pay them, and every coPayer seller is a different person. ANZ expect that to change in November. Until then an ANZ buyer would not be able to pay a new seller.
Your name is checked against the name your bank holds on your account. The bank already did the hard identity work when they opened it.
That is a real check, not a photo of a licence that anyone could have borrowed.
No. It is a link. Tap it and you are in, with no signup, no password and no account.
You can add coPayer to your home screen if you want notifications, and then it behaves like an app.
Then no pay code appears, and without one nothing changes hands. The seller's fee hold comes off and nothing is charged.
The failure is safe. The bad outcome is a deal that does not happen, not money that disappears.
coPayer puts Police advice on the screen when you set a meeting: somewhere public, well lit and busy, in daylight, near a working camera, or a Safe Trade Zone at a police station. Not at anyone's address. Take someone with you and tell someone where you are going.
And the best filter there is: if someone will not meet at a safe trade zone, the deal is probably not legitimate.
Yes. Phones, furniture, bikes, tools, appliances, animals, and anything else you hand over in person.
coPayer reads what you are selling and changes what it tells you at the end. A vehicle gets the NZTA ownership prompt. A phone tells the seller to sign out and factory reset it in front of the buyer, which is the most common way a secondhand phone sale goes wrong.
Firearms are refused, because coPayer cannot check a firearms licence.
Several things going to the same buyer is one deal and one fee. Put them all in the one listing.
Different buyers are genuinely separate deals. Ten items at $100 each works out at $15 in fees for the lot, which is usually far less than people expect.