What is Pay By Bank?

Pay By Bank or Open Banking allows you to securely collect money from a customer in an irrevocable manner

Pay by Bank, an innovative feature that offers many advantages. 

For merchants

• Data entry errors are impossible, thanks to the control of beneficiary bank details and purchase references;
• The risk of losing customers is reduced;
• The payment limits are higher than those for bank cards;
• The expiration of the bank card is no longer a constraint;
• The transfer is irrevocable, theclients cannot contest the transfer
• The collection is fully secured.
• It improves the accounting and reconciliation of transfers.

Benefits for the user

• 😀 Improve the user experience: The consumer does not need to leave the payment page to make the transfer;
• ⌚ Time saving: The user no longer has to add the payee of the payment
• 🚀 All information is pre-filled

Speed and security of the transaction:  

4 steps to be performed during the payment process:

• 🏦Selecting your bank
• 🙋Sign in to your banking space
• 🔐Requesting authorization from one's banking application with strong authentication 
• ✅Verification of payment acceptance