Pay By Bank, powered by
    Open Banking

    Instant bank to bank transfer payments made easy, no card, account numbers or sort codes required.

    • Receive funds instantly when a transaction is complete
    • Increased convenience for customers with no need to remember card information
    • Transaction fee is up to 75% cheaper than alternative methods
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    pay-by-bank-interface

    Key benefits of Pay By Bank

    Add bank-to-bank transfer options to your online payment journey, and receive funds straight away, free from any risk of chargebacks and card-not-present (CNP) fraud.

    Customers can pay directly on desktop, mobile, or using their banking app, without the need to remember sort codes or account numbers.

    All powered by the open banking initiative, growing 500% since 2020.

    • Eradicates fraudulent transactions (and no chargebacks)
    • No charges for failed payments
    • Highly secure as customers use their online banking login
    • Stand out from the competition with the latest payment offering, powered by the Open Banking Initiative
    • Easy for customers to pay on desktop or mobile device
    Arrange a demo

    See it in action

     
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    CREATE Fertility streamlines their payment journey with Pay By Bank

    Alongside debit and credit card options, IVF patients can pay directly via their banking app, without the need to remember sort codes or account numbers.

    Find out more

    David Gilbert - Chief Financial Officer

    "The reduction in calls coming to our team from patients looking to solely process a payment towards their treatment will deliver operational efficiencies and feedback from our team has been positive. The new services are quick and easy in comparison to previous methods, and incorporating these new ways for patients to pay 24/7, 365 days a year has provided a much better customer service."

    David Gilbert - Chief Financial Officer

    "The reduction in calls coming to our team from patients looking to solely process a payment towards their treatment will deliver operational efficiencies and feedback from our team has been positive. The new services are quick and easy in comparison to previous methods, and incorporating these new ways for patients to pay 24/7, 365 days a year has provided a much better customer service."

    CREATE Fertility streamlines their payment journey with Pay By Bank

    Alongside debit and credit card options, IVF patients can pay directly via their banking app, without the need to remember sort codes or account numbers.

    Find out more

    How does Pay By Bank work?

    1

    When making a payment online, Customers can select the Pay by Bank option available on the screen. This can be alongside other payment methods such as Card, PayPal etc.

    2

    The amount to pay can be open or set to the total amount due.

    The customer can confirm the amount before proceeding to pay.

    3

    A list of all major UK and European banks will appear. The customer selects the bank which they would like to make the payment from.

    4

    The Customer is taken to their own Bank’s Online Banking or App, which will ask to verify their login details and identity.

    5

    They can then select which account to pay from. No sort code, account number, card number or expiry details are required.

    6

    Once the payment amount is confirmed, funds are paid instantly to your business. An email receipt is issued, and the Customer is taken back to the online checkout screen, advising them that the payment has been successful.

    1

    When making a payment online, Customers can select the Pay by Bank option available on the screen. This can be alongside other payment methods such as Card, PayPal etc.

    2

    The amount to pay can be open or set to the total amount due.

    The customer can confirm the amount before proceeding to pay.

    3

    A list of all major UK and European banks will appear. The customer selects the bank which they would like to make the payment from.

    4

    The Customer is taken to their own Bank’s Online Banking or App, which will ask to verify their login details and identity.

    5

    They can then select which account to pay from. No sort code, account number, card number or expiry details are required.

    6

    Once the payment amount is confirmed, funds are paid instantly to your business. An email receipt is issued, and the Customer is taken back to the online checkout screen, advising them that the payment has been successful.
    Arrange a demo

    Works with all major UK & European banks

    And many more…

    What is Open Banking?

    Pay By Bank is powered by open banking, the process of banks and other financial institutions opening up data for anyone who consents to allow the access, use, and sharing of their details. The goal is to improve financial services and increase transparency for customers and was introduced as part of the Payment Services Direct (PSD2). As a result, new applications and payment methods are being developed for businesses and customers alike.

    How Popular Is It?

    As of 2023, over 1 in 9 Brits use Open Banking services as Open Banking payments reach record high. The first six months of 2023 also saw double the volume of payments compared with the first six months of 2022. A record 9.7m payments were made in June 2023, an increase of 88% on the same month in 2022.

    How much could you save?


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    Want to know more?

    Interested in adding card-less options to your customer’s online payment journey?

    Talk to us and we’ll help you decide if Pay By Bank will work for you.

    Mark Kelly

    Chief Commercial Officer (CCO) (UK) & VP International Sales (US)

    Services that work for everyone, including… 
    Debt Recovery
    Housing
    Travel Agents
    Charities

    Services that work for everyone, including…

    Debt Recovery
    Housing
    Travel Agents
    Charities

    We’re improving the payment journey for organisations from a range of sectors

    Contact Centre Teams

    We can help improve security and operational efficiency within your Contact Centre. From protecting sensitive customer details, to reducing agent call volume, we have a range of PCI-DSS Level 1 compliant solutions to fit your organisation
    Find out more

    Debt Collection & Enforcement

    Collection and card processing needs to be fast, reliable and convenient for both debtors and your staff. Whether you take payments on the phone, via an automated IVR, online or in person we can provide a bespoke, PCI-DSS Compliant solution, comprised of payment methods that work seamlessly together

    Find out more

    Utility Suppliers & Providers

    In a highly competitive industry, it’s important to have the leading edge by offering a superior service. Your customers want to be able to choose how they pay for their services – on the phone, via SMS, online or on their Smart Meter
    Find out more

    Travel Agencies & Tour Operators

    Our services can be tailored to meet the specific needs of the travel sector, providing a range of payment methods to suit your individual requirements

    Find out more

    Property Management & Housing Associations

    Managing and maintaining the incoming funds from tenants is a crucial day-to-day process for any housing association, But, keeping track of this can often be tricky, especially when there are many areas to oversee

    Find out more

    Charities & Not for Profit

    Streamlining donation management is essential for any organization aiming to maximize fundraising efforts and make it easy for supporters to contribute. With a dedicated, automated donation phone line or web portal available 24/7, organizations can ensure that supporters can donate at any time.

    Find out more

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