Pay by Bank gives your customers the option to pay directly from their bank account without the need for a credit/debit card.
Pay by Bank is a payment method where customers can make purchases directly from their bank accounts without using credit or debit cards. This method involves using online banking systems or mobile banking apps.
On the checkout, your customer clicks “Pay by Bank” and opens their mobile banking app to review and approve the transaction. Payments are periodically settled into your bank account via Faster Payments and SEPA Instant protocols.
Pay by Bank offers a convenient and secure pay-by-bank checkout experience that your customers can trust.
Receive payments directly from any customer with a bank account.
Customers are authenticated by their bank at the time of purchase and must approve all payments
No hidden fees or additional costs related to compliance or chargebacks.
Customers save time by not needing to enter card or billing details.
This method offers a great pay by bank checkout experience to your customers, to help them keep coming back.
Adding Pay By Bank to your checkout increases your customer reach to those previously excluded.
Customers undergo multi- factor authentication with their bank prior to purchase, reducing the risk of fraud, and eliminating chargebacks.
Customers already signed into the mobile app of a participating bank do not have to enter any card or billing detail.
Pay by bank refers to a payment method that allows customers to make purchases directly from their bank accounts, bypassing the need for credit or debit cards. It typically involves using online banking systems or mobile banking apps to authorize payments to merchants or service providers.
Pay by bank can be considered safe, as it often utilizes secure banking systems and protocols for transactions. However, as with any online transaction, it's essential for users to take precautions such as ensuring they're on a secure website, using strong passwords, and keeping their banking information confidential.
Pay by bank technology involves the use of secure banking infrastructure and protocols to facilitate direct payments from customers' bank accounts to merchants or service providers. This technology often includes APIs (Application Programming Interfaces) that enable integration with various banking systems, ensuring seamless and secure transactions between customers and merchants.
Learn more about Trust Payments by speaking to one of our expert consultants. Complete this form and we'll be in touch.
Security is our top priority at Trust Payments and we strive to ensure that all data is kept secure at all times We keep all customer data safe with AES256 encryption, SSL Certificates, and a minimum of TLS1.2, between your website and our datacentres.
Our systems are scanned quarterly using the Qualys PCI Platform, an independent Qualified Security Assessor (QSA) and approved vendors – Omnicybersecurity (UK) & Forgenix (US) – to ensure compliance with the security requirements of the card schemes.
We follow a number of rigorous security procedures on a daily basis including, but not limited to, continuous monitoring of our perimeter, dark web monitoring, and internal checks to ensure that CIA triad is maintained at all times.
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