Pay by Bank: Instant Payments via Open Banking

Leverage Open Banking for secure, direct bank-to-bank payments. Offer your European customers a fast, trusted, and low-cost payment method compliant with PSD2.

Core Benefits

Why Choose Pay by Bank for Your Business?

Lower Transaction Costs

Bypass traditional card networks and interchange fees, significantly reducing the cost per transaction and improving your margins.

PSD2 & SCA Compliant Security

Utilize bank-level security and mandatory Strong Customer Authentication (SCA) for every payment, dramatically reducing fraud and chargeback risk.

Higher Conversion in Key Markets

Offer a seamless and trusted flow where customers authenticate with their own bank. Boost conversion in Germany with Sofort and the Netherlands with iDEAL.

Integration Architecture

The Open Banking Transaction Flow

Our platform orchestrates the Open Banking flow for a seamless customer experience and clear results for your service, whether you use our hosted Payment Page or server-to-server Gate API.

Flow via Hosted Payment Page

Step

Your Customers

Your Platform

Platform

Acquiring Network

Initiates purchase.

Generates purchase request.

—

Waiting for next step.

Waiting for result.

Opens Payment Page.

—

Selects bank/method (e.g., Sofort).

Waiting for result.

Processes information.

—

Provides consent to connect.

Waiting for result.

Requests customer consent.

—

Redirected to their bank.

—

Redirects customer.

—

Authorizes payment at bank.

Waiting for result.

Processes payment & redirects customer.

Waiting for result.

Receives payment result.

Sends payment result.

Receives purchase result.

Ready for reconciliation.

Your Customers

Initiates purchase.

Your Platform

Generates purchase request.

Your Customers

Waiting for next step.

Your Platform

Waiting for result.

Platform

Opens Payment Page.

Your Customers

Selects bank/method (e.g., Sofort).

Your Platform

Waiting for result.

Platform

Processes information.

Your Customers

Provides consent to connect.

Your Platform

Waiting for result.

Platform

Requests customer consent.

Your Customers

Redirected to their bank.

Platform

Redirects customer.

Your Customers

Authorizes payment at bank.

Your Platform

Waiting for result.

Platform

Waiting for result.

Acquiring Network

Processes payment & redirects customer.

Your Customers

Waiting for result.

Your Platform

Receives payment result.

Platform

Receives payment result.

Acquiring Network

Sends payment result.

Your Customers

Receives purchase result.

Your Platform

Ready for reconciliation.

Platform

Ready for reconciliation.

Acquiring Network

Ready for reconciliation.

Flow via Server-to-Server Gate API

Step

Your Customers

Your Platform

Platform

Acquiring Network

Initiates purchase.

Generates purchase request.

—

Waiting for next step.

Processes purchase request.

—

Grants consent on your site.

Requests customer consent.

Requests consent if needed.

—

Waiting for next step.

Sends info to platform.

Processes data.

—

Redirected to their bank.

Handles redirect.

Sends redirection data.

—

Authorizes payment at bank.

Waiting for result.

Processes payment & redirects customer.

Waiting for result.

Receives payment result.

Sends payment result.

Receives purchase result.

Ready for reconciliation.

Your Customers

Initiates purchase.

Your Platform

Generates purchase request.

Your Customers

Waiting for next step.

Your Platform

Waiting for next step.

Platform

Processes purchase request.

Your Customers

Grants consent on your site.

Your Platform

Requests customer consent.

Platform

Requests consent if needed.

Your Customers

Waiting for next step.

Your Platform

Sends info to platform.

Platform

Processes data.

Your Customers

Redirected to their bank.

Your Platform

Handles redirect.

Platform

Sends redirection data.

Your Customers

Authorizes payment at bank.

Your Platform

Waiting for result.

Platform

Waiting for result.

Acquiring Network

Processes payment & redirects customer.

Your Customers

Waiting for result.

Your Platform

Receives payment result.

Platform

Receives payment result.

Acquiring Network

Sends payment result.

Your Customers

Receives purchase result.

Your Platform

Ready for reconciliation.

Platform

Ready for reconciliation.

Acquiring Network

Ready for reconciliation.

Ready to Leverage Open Banking?

Integrate Pay by Bank Today

Our Open Banking experts can show you how direct bank payments can lower fees, reduce fraud, and increase conversion in key European markets. Let's architect a compliant solution for you.

Speak to an Expert