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Pay by Bank

PAY/Connect: Real-time payments directly from account to account. Pay by Bank is based on SEPA instant transfers and is therefore more secure than traditional direct debits. Unbeatably low costs as there are no intermediaries. Pay by Bank is the alternative to credit cards or purchase on account. For online shops or POS.

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What is Pay by Bank?

Pay by Bank is a digital payment method that allows customers to pay directly from their bank account – no card, no wallet, and no additional registration required. For only 25 cents per transaction.

Pay by Bank is based on the European Payment Services Directive PSD2 and uses secure banking interfaces. For customers, it looks like a pre-filled transfer – which is exactly what it is. The payment details cannot be changed. Merchants receive the payment amount immediately in their account – around the clock, 365 days a year.

Benefits

For merchants

  • Significantly lower transaction costs
  • No chargeback risk
  • Immediate payment confirmation
  • Easy integration via API
  • Fully automated reconciliation

For customers

  • No card or wallet account required
  • Familiar banking app is used
  • High security thanks to strong customer authentication
  • Fast checkout without detours
  • Accelerated follow-up processing of the order

How it works

Simply pay with Pay by Bank:

  1. Your customer selects “Pay by Bank” at checkout.
  2. Your customer selects their bank details via the payment widget.
  3. They then authenticate themselves with their existing online banking credentials.
  4. The payment is triggered as a secure PSD2 transfer.
  5. The merchant receives the money in real time.
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FAQ

Pay by Bank uses the familiar SEPA transfer. Customers do not need to register for a new payment method, but simply pay via their existing checking account.

Unlike direct debits, SEPA transfers cannot be returned or “bounce.” Thanks to real-time booking, you receive immediate payment confirmation and can initiate fulfillment right away.

Payments are made without any intermediaries. This means that payments are processed directly from account to account, which makes Pay by Bank particularly cost-effective.

The payment solution can either be fully integrated into your existing applications via API or seamlessly integrated into your front end via our web component.

All transactions are carried out in accordance with the highest security standards. This ensures that both your data and your customers' data remain optimally protected.

Reduce costs,
Increase sales,
Minimize risks.

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With Pay by Bank by BANKSapi, you can offer your customers another convenient payment method for your online shop: this will increase your sales and also eliminate the risk of payment defaults. Since Pay by Bank uses the existing SEPA payment infrastructure, there are no intermediaries, resulting in unbeatably low costs for you.

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