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Pay by Bank

Activate Open Banking powered payments

Understanding Pay by Bank Solutions
What is Pay by Bank solution?

Pay by Bank is a modern, card-less way for your customers to pay you directly from their existing bank account. Instead of typing in long credit card numbers or worrying about expired cards, your customers simply log into their own trusted banking app to authorize a payment in seconds. For your business, this means lower processing fees, instant transfers, and zero “lost” sales due to card issues. Our white-label solution lets you offer this high-speed, secure payment method completely under your own brand, making checkout as easy as a few clicks.

Select Bank: The customer chooses their bank from a list at checkout.
Quick Approval: They securely authorize the payment inside their own banking app.
Instant Success: The money is sent directly, and you receive the funds immediately.
Key benefits

Unlock the power of Open Banking payments with Pay by Bank

Reduce costs

Bypass interchange and scheme fees with our instant bank transfer solution.

Immediate settlement

Get paid instantly, minimise delays and improve your cash flow.

Chargeback protection

Safeguard your business from fraudulent disputes by eliminating chargebacks.

Settlement-accounts

Leverage Open Banking settlement accounts to unlock additional benefits
Instant refund and payouts: Improve your customer’s experience by giving them access to their money instantly.
Real-time payment confirmation: Receive instant settlement confirmations for every payment, providing the assurance needed to ship goods and services.
Auto-reconciliation: Simplify your business operations, eliminating the headache of manual reconciliation processes.

Embed Payment Links effortlessly with no integration

Fintechmatrix.com’s no-code Payment Links empower you to start accepting Open Banking payments instantly, without any integration. Effortlessly embed payment links in texts or emails to collect payments from customers seamlessly.

Variable Recurring Payments

Collect recurring payments using open banking
VRPs provide a seamless, real-time alternative that works alongside traditional card payments, offering greater flexibility, cost efficiency, and trust for consumers.
Faster Access to Funds: VRP transactions settle instantly, eliminating delays associated with card settlements.
Higher Payment Success Rates: Real-time balance checks help reduce failed transactions due to insufficient funds.
No Expired or Blocked Cards: VRPs avoid failures caused by expired, lost, or blocked cards, ensuring seamless payments.
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Contact no: +44 (0)2034885224
Contact no: 02034885224
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