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What is Pay by Bank and how does it work?

What is Pay by Bank and how does it work?

What is Pay by Bank and how does it work?

What is Pay by Bank and how does it work?

Explore how Pay by Bank and Open Banking payments work and the benefits they offer to both businesses and customers. Offer Pay by Bank today.

Explore how Pay by Bank and Open Banking payments work and the benefits they offer to both businesses and customers. Offer Pay by Bank today.

Payments-and-checkout

Payments-and-checkout

Payments-and-checkout

13 Dec 2024

When pay-by-bank payments first emerged in Europe in the mid-2000s, they offered more than just another way to pay; they solved a growing problem. At that time, card payments were costly and built on an ageing infrastructure. Pay-by-bank payments did things differently, using open banking technology to connect directly to consumer accounts: no middlemen, no added complexity – just trust, simplicity, and speed.

In the Netherlands, iDEAL pioneered this movement, showing how to create a trusted and intuitive product with mass-market appeal. In European countries where trust in banks and a preference for low-cost options dominated, pay by bank methods quickly grew in popularity.

Fast forward to 2024, and pay-by-bank payments are now synonymous with transparency and efficiency. And with artificial intelligence and predictive algorithms augmenting Open Banking, they’re becoming even simpler and smarter.

But what actually is the Pay by Bank payment method and how does it work? This article will explain these things further. It also explores the benefits it can offer your business and customers.

When pay-by-bank payments first emerged in Europe in the mid-2000s, they offered more than just another way to pay; they solved a growing problem. At that time, card payments were costly and built on an ageing infrastructure. Pay-by-bank payments did things differently, using open banking technology to connect directly to consumer accounts: no middlemen, no added complexity – just trust, simplicity, and speed.

In the Netherlands, iDEAL pioneered this movement, showing how to create a trusted and intuitive product with mass-market appeal. In European countries where trust in banks and a preference for low-cost options dominated, pay by bank methods quickly grew in popularity.

Fast forward to 2024, and pay-by-bank payments are now synonymous with transparency and efficiency. And with artificial intelligence and predictive algorithms augmenting Open Banking, they’re becoming even simpler and smarter.

But what actually is the Pay by Bank payment method and how does it work? This article will explain these things further. It also explores the benefits it can offer your business and customers.

When pay-by-bank payments first emerged in Europe in the mid-2000s, they offered more than just another way to pay; they solved a growing problem. At that time, card payments were costly and built on an ageing infrastructure. Pay-by-bank payments did things differently, using open banking technology to connect directly to consumer accounts: no middlemen, no added complexity – just trust, simplicity, and speed.

In the Netherlands, iDEAL pioneered this movement, showing how to create a trusted and intuitive product with mass-market appeal. In European countries where trust in banks and a preference for low-cost options dominated, pay by bank methods quickly grew in popularity.

Fast forward to 2024, and pay-by-bank payments are now synonymous with transparency and efficiency. And with artificial intelligence and predictive algorithms augmenting Open Banking, they’re becoming even simpler and smarter.

But what actually is the Pay by Bank payment method and how does it work? This article will explain these things further. It also explores the benefits it can offer your business and customers.

When pay-by-bank payments first emerged in Europe in the mid-2000s, they offered more than just another way to pay; they solved a growing problem. At that time, card payments were costly and built on an ageing infrastructure. Pay-by-bank payments did things differently, using open banking technology to connect directly to consumer accounts: no middlemen, no added complexity – just trust, simplicity, and speed.

In the Netherlands, iDEAL pioneered this movement, showing how to create a trusted and intuitive product with mass-market appeal. In European countries where trust in banks and a preference for low-cost options dominated, pay by bank methods quickly grew in popularity.

Fast forward to 2024, and pay-by-bank payments are now synonymous with transparency and efficiency. And with artificial intelligence and predictive algorithms augmenting Open Banking, they’re becoming even simpler and smarter.

But what actually is the Pay by Bank payment method and how does it work? This article will explain these things further. It also explores the benefits it can offer your business and customers.

What is Pay by Bank?

Pay by Bank is a payment method that allows customers to pay for goods or services directly from their bank accounts. It enables fast, secure payments using secure bank infrastructure and Open Banking APIs. With Pay by Bank, customers simply approve the transaction with their bank, often using a fingerprint, PIN, or banking app. This makes the payment process quick and easy.

Pay by Bank also offers businesses lower transaction fees than traditional card payments. And it minimises the risk of chargebacks, as payments are verified instantly. It’s an increasingly popular option for those looking for a simple, cost-effective, and secure way to manage online payments.

Pay by Bank is a payment method that allows customers to pay for goods or services directly from their bank accounts. It enables fast, secure payments using secure bank infrastructure and Open Banking APIs. With Pay by Bank, customers simply approve the transaction with their bank, often using a fingerprint, PIN, or banking app. This makes the payment process quick and easy.

Pay by Bank also offers businesses lower transaction fees than traditional card payments. And it minimises the risk of chargebacks, as payments are verified instantly. It’s an increasingly popular option for those looking for a simple, cost-effective, and secure way to manage online payments.

Pay by Bank is a payment method that allows customers to pay for goods or services directly from their bank accounts. It enables fast, secure payments using secure bank infrastructure and Open Banking APIs. With Pay by Bank, customers simply approve the transaction with their bank, often using a fingerprint, PIN, or banking app. This makes the payment process quick and easy.

Pay by Bank also offers businesses lower transaction fees than traditional card payments. And it minimises the risk of chargebacks, as payments are verified instantly. It’s an increasingly popular option for those looking for a simple, cost-effective, and secure way to manage online payments.

Pay by Bank is a payment method that allows customers to pay for goods or services directly from their bank accounts. It enables fast, secure payments using secure bank infrastructure and Open Banking APIs. With Pay by Bank, customers simply approve the transaction with their bank, often using a fingerprint, PIN, or banking app. This makes the payment process quick and easy.

Pay by Bank also offers businesses lower transaction fees than traditional card payments. And it minimises the risk of chargebacks, as payments are verified instantly. It’s an increasingly popular option for those looking for a simple, cost-effective, and secure way to manage online payments.

How does Pay by Bank work?

Here’s a step-by-step breakdown of how a Pay by Bank payment is processed:

  1. Payment initiation: Customer selects ‘Pay by Bank’ at checkout.

  2. Bank selection: The customer chooses their bank.

  3. Customer authentication: The customer is redirected to their bank’s secure portal or app. Here, they log in and may need to provide additional verification, such as an authorisation code or biometric data.

  4. Payment confirmation: The customer reviews the payment details, including the amount and recipient, before confirming the payment.

  5. Fund transfer: The customer’s bank processes the payment and transfers the funds from their account to the business or payment service provider’s bank account.

  6. Notification and settlement: The customer and business receive a notification confirming the payment. The bank then settles the transaction by updating the respective accounts.

Here’s a step-by-step breakdown of how a Pay by Bank payment is processed:

  1. Payment initiation: Customer selects ‘Pay by Bank’ at checkout.

  2. Bank selection: The customer chooses their bank.

  3. Customer authentication: The customer is redirected to their bank’s secure portal or app. Here, they log in and may need to provide additional verification, such as an authorisation code or biometric data.

  4. Payment confirmation: The customer reviews the payment details, including the amount and recipient, before confirming the payment.

  5. Fund transfer: The customer’s bank processes the payment and transfers the funds from their account to the business or payment service provider’s bank account.

  6. Notification and settlement: The customer and business receive a notification confirming the payment. The bank then settles the transaction by updating the respective accounts.

Here’s a step-by-step breakdown of how a Pay by Bank payment is processed:

  1. Payment initiation: Customer selects ‘Pay by Bank’ at checkout.

  2. Bank selection: The customer chooses their bank.

  3. Customer authentication: The customer is redirected to their bank’s secure portal or app. Here, they log in and may need to provide additional verification, such as an authorisation code or biometric data.

  4. Payment confirmation: The customer reviews the payment details, including the amount and recipient, before confirming the payment.

  5. Fund transfer: The customer’s bank processes the payment and transfers the funds from their account to the business or payment service provider’s bank account.

  6. Notification and settlement: The customer and business receive a notification confirming the payment. The bank then settles the transaction by updating the respective accounts.

Here’s a step-by-step breakdown of how a Pay by Bank payment is processed:

  1. Payment initiation: Customer selects ‘Pay by Bank’ at checkout.

  2. Bank selection: The customer chooses their bank.

  3. Customer authentication: The customer is redirected to their bank’s secure portal or app. Here, they log in and may need to provide additional verification, such as an authorisation code or biometric data.

  4. Payment confirmation: The customer reviews the payment details, including the amount and recipient, before confirming the payment.

  5. Fund transfer: The customer’s bank processes the payment and transfers the funds from their account to the business or payment service provider’s bank account.

  6. Notification and settlement: The customer and business receive a notification confirming the payment. The bank then settles the transaction by updating the respective accounts.

PSD2 and Open Banking

PSD2, a European regulation introduced in 2016, mandates that banks open their payment services and customer data (with consent) to third-party providers. This open-access approach has paved the way for growing payment methods like Pay by Bank. Through secure APIs, third-party providers can access bank data and initiate payments directly from customers' bank accounts.

PSD2 has become foundational to Europe's payments landscape. However, as the payment industry evolves, the European Union has proposed an updated version: PSD3. This new regulation aims to protect consumers better, streamline regulations, and standardise rules for payment providers. 

Want to know more? Go to our PSD3 guide.

PSD2, a European regulation introduced in 2016, mandates that banks open their payment services and customer data (with consent) to third-party providers. This open-access approach has paved the way for growing payment methods like Pay by Bank. Through secure APIs, third-party providers can access bank data and initiate payments directly from customers' bank accounts.

PSD2 has become foundational to Europe's payments landscape. However, as the payment industry evolves, the European Union has proposed an updated version: PSD3. This new regulation aims to protect consumers better, streamline regulations, and standardise rules for payment providers. 

Want to know more? Go to our PSD3 guide.

PSD2, a European regulation introduced in 2016, mandates that banks open their payment services and customer data (with consent) to third-party providers. This open-access approach has paved the way for growing payment methods like Pay by Bank. Through secure APIs, third-party providers can access bank data and initiate payments directly from customers' bank accounts.

PSD2 has become foundational to Europe's payments landscape. However, as the payment industry evolves, the European Union has proposed an updated version: PSD3. This new regulation aims to protect consumers better, streamline regulations, and standardise rules for payment providers. 

Want to know more? Go to our PSD3 guide.

PSD2, a European regulation introduced in 2016, mandates that banks open their payment services and customer data (with consent) to third-party providers. This open-access approach has paved the way for growing payment methods like Pay by Bank. Through secure APIs, third-party providers can access bank data and initiate payments directly from customers' bank accounts.

PSD2 has become foundational to Europe's payments landscape. However, as the payment industry evolves, the European Union has proposed an updated version: PSD3. This new regulation aims to protect consumers better, streamline regulations, and standardise rules for payment providers. 

Want to know more? Go to our PSD3 guide.

Pay by Bank and Open Banking

Open Banking is a framework that lets banks securely share financial data with authorised third-party providers (TPPs) through secure APIs. This has paved the way for innovative new payment options like Pay by Bank. At the heart of Open Banking are two primary services: a Payment Initiation Service (PIS) and an Account Information Service (AIS).

What is the Account Information Service?

AIS allows TPPs to access bank-verified information, such as a customer's name, IBAN, account balances, and transaction history. This is especially useful for things like risk assessments or eligibility checks, making it easier for businesses to understand a customer's financial profile. For example, budgeting apps and loan providers use AIS to offer tailored insights, track spending, or make lending decisions.

What is the Payment Initiation Service?

PIS allows third-party providers to initiate payments directly from a customer's bank account. With this service, customers can authorise payments quickly and securely, often just by confirming through their bank's app. PIS is widely used by ecommerce platforms and utility companies, where businesses want to offer a direct, convenient way to pay.

With these services, Open Banking is enabling companies to build financial products that offer real-time financial insights, easier access to credit, and faster payments – all while giving customers more control over their data and money.

Open Banking is a framework that lets banks securely share financial data with authorised third-party providers (TPPs) through secure APIs. This has paved the way for innovative new payment options like Pay by Bank. At the heart of Open Banking are two primary services: a Payment Initiation Service (PIS) and an Account Information Service (AIS).

What is the Account Information Service?

AIS allows TPPs to access bank-verified information, such as a customer's name, IBAN, account balances, and transaction history. This is especially useful for things like risk assessments or eligibility checks, making it easier for businesses to understand a customer's financial profile. For example, budgeting apps and loan providers use AIS to offer tailored insights, track spending, or make lending decisions.

What is the Payment Initiation Service?

PIS allows third-party providers to initiate payments directly from a customer's bank account. With this service, customers can authorise payments quickly and securely, often just by confirming through their bank's app. PIS is widely used by ecommerce platforms and utility companies, where businesses want to offer a direct, convenient way to pay.

With these services, Open Banking is enabling companies to build financial products that offer real-time financial insights, easier access to credit, and faster payments – all while giving customers more control over their data and money.

Open Banking is a framework that lets banks securely share financial data with authorised third-party providers (TPPs) through secure APIs. This has paved the way for innovative new payment options like Pay by Bank. At the heart of Open Banking are two primary services: a Payment Initiation Service (PIS) and an Account Information Service (AIS).

What is the Account Information Service?

AIS allows TPPs to access bank-verified information, such as a customer's name, IBAN, account balances, and transaction history. This is especially useful for things like risk assessments or eligibility checks, making it easier for businesses to understand a customer's financial profile. For example, budgeting apps and loan providers use AIS to offer tailored insights, track spending, or make lending decisions.

What is the Payment Initiation Service?

PIS allows third-party providers to initiate payments directly from a customer's bank account. With this service, customers can authorise payments quickly and securely, often just by confirming through their bank's app. PIS is widely used by ecommerce platforms and utility companies, where businesses want to offer a direct, convenient way to pay.

With these services, Open Banking is enabling companies to build financial products that offer real-time financial insights, easier access to credit, and faster payments – all while giving customers more control over their data and money.

Open Banking is a framework that lets banks securely share financial data with authorised third-party providers (TPPs) through secure APIs. This has paved the way for innovative new payment options like Pay by Bank. At the heart of Open Banking are two primary services: a Payment Initiation Service (PIS) and an Account Information Service (AIS).

What is the Account Information Service?

AIS allows TPPs to access bank-verified information, such as a customer's name, IBAN, account balances, and transaction history. This is especially useful for things like risk assessments or eligibility checks, making it easier for businesses to understand a customer's financial profile. For example, budgeting apps and loan providers use AIS to offer tailored insights, track spending, or make lending decisions.

What is the Payment Initiation Service?

PIS allows third-party providers to initiate payments directly from a customer's bank account. With this service, customers can authorise payments quickly and securely, often just by confirming through their bank's app. PIS is widely used by ecommerce platforms and utility companies, where businesses want to offer a direct, convenient way to pay.

With these services, Open Banking is enabling companies to build financial products that offer real-time financial insights, easier access to credit, and faster payments – all while giving customers more control over their data and money.

Pay by Bank benefits

Now, let’s look at some of the benefits of Pay by Bank.

Lower transaction costs

Pay by Bank transactions generally incur lower fees than other forms of payments, such as buy now, pay later and card payments. Businesses benefit from reduced payment processing costs as they avoid interchange fees and other charges. And those savings can also be passed on to customers – making them a win-win.

Advanced security

With Pay by Bank, customers authenticate payments directly with their bank, reducing the risk of phishing and other fraudulent activities. The use of multi-factor authentication (MFA) also enhances security and is in line with PSD2’s SCA requirements.

Faster transactions

Many Pay by Bank transactions are processed in real-time, meaning businesses can receive funds almost instantly. This is particularly beneficial compared to the slower settlement times associated with credit card payments.

Increased customer control

Customers pay directly from their bank accounts, avoiding credit card limits and potential interest on outstanding balances. This method also eliminates the need for credit checks, making it accessible to a wider range of customers.

No chargeback risk

Pay by Bank is a guaranteed payment method with no chargeback risk.

Broader accessibility

Pay by Bank can be used across borders and is accessible to customers who might not have a credit card but do have a bank account. This inclusivity promotes financial accessibility and can help businesses reach new customer segments.

Now, let’s look at some of the benefits of Pay by Bank.

Lower transaction costs

Pay by Bank transactions generally incur lower fees than other forms of payments, such as buy now, pay later and card payments. Businesses benefit from reduced payment processing costs as they avoid interchange fees and other charges. And those savings can also be passed on to customers – making them a win-win.

Advanced security

With Pay by Bank, customers authenticate payments directly with their bank, reducing the risk of phishing and other fraudulent activities. The use of multi-factor authentication (MFA) also enhances security and is in line with PSD2’s SCA requirements.

Faster transactions

Many Pay by Bank transactions are processed in real-time, meaning businesses can receive funds almost instantly. This is particularly beneficial compared to the slower settlement times associated with credit card payments.

Increased customer control

Customers pay directly from their bank accounts, avoiding credit card limits and potential interest on outstanding balances. This method also eliminates the need for credit checks, making it accessible to a wider range of customers.

No chargeback risk

Pay by Bank is a guaranteed payment method with no chargeback risk.

Broader accessibility

Pay by Bank can be used across borders and is accessible to customers who might not have a credit card but do have a bank account. This inclusivity promotes financial accessibility and can help businesses reach new customer segments.

Now, let’s look at some of the benefits of Pay by Bank.

Lower transaction costs

Pay by Bank transactions generally incur lower fees than other forms of payments, such as buy now, pay later and card payments. Businesses benefit from reduced payment processing costs as they avoid interchange fees and other charges. And those savings can also be passed on to customers – making them a win-win.

Advanced security

With Pay by Bank, customers authenticate payments directly with their bank, reducing the risk of phishing and other fraudulent activities. The use of multi-factor authentication (MFA) also enhances security and is in line with PSD2’s SCA requirements.

Faster transactions

Many Pay by Bank transactions are processed in real-time, meaning businesses can receive funds almost instantly. This is particularly beneficial compared to the slower settlement times associated with credit card payments.

Increased customer control

Customers pay directly from their bank accounts, avoiding credit card limits and potential interest on outstanding balances. This method also eliminates the need for credit checks, making it accessible to a wider range of customers.

No chargeback risk

Pay by Bank is a guaranteed payment method with no chargeback risk.

Broader accessibility

Pay by Bank can be used across borders and is accessible to customers who might not have a credit card but do have a bank account. This inclusivity promotes financial accessibility and can help businesses reach new customer segments.

Now, let’s look at some of the benefits of Pay by Bank.

Lower transaction costs

Pay by Bank transactions generally incur lower fees than other forms of payments, such as buy now, pay later and card payments. Businesses benefit from reduced payment processing costs as they avoid interchange fees and other charges. And those savings can also be passed on to customers – making them a win-win.

Advanced security

With Pay by Bank, customers authenticate payments directly with their bank, reducing the risk of phishing and other fraudulent activities. The use of multi-factor authentication (MFA) also enhances security and is in line with PSD2’s SCA requirements.

Faster transactions

Many Pay by Bank transactions are processed in real-time, meaning businesses can receive funds almost instantly. This is particularly beneficial compared to the slower settlement times associated with credit card payments.

Increased customer control

Customers pay directly from their bank accounts, avoiding credit card limits and potential interest on outstanding balances. This method also eliminates the need for credit checks, making it accessible to a wider range of customers.

No chargeback risk

Pay by Bank is a guaranteed payment method with no chargeback risk.

Broader accessibility

Pay by Bank can be used across borders and is accessible to customers who might not have a credit card but do have a bank account. This inclusivity promotes financial accessibility and can help businesses reach new customer segments.

Pay by Bank challenges

In an ideal world, everything would run smoothly 100% of the time. Unfortunately, that isn’t always the case. This is why it’s important to be aware of the challenges you may face when offering a new way to pay.

User experience

Pay by Bank's login and authentication process might feel less intuitive than simply entering card details. For first-time users, navigating to their bank's app or portal might create friction. Additionally, regional differences in banking infrastructure can impact the reliability and speed of transactions, especially during outages or peak periods.

Dependence on banking infrastructure

Pay by Bank payments rely on stable banking infrastructure, which – though rare – can experience outages or system failures. These disruptions can delay transactions, leading to frustration for businesses and customers. For businesses, such delays may cause abandoned checkouts or slow order fulfilment, while customers may find the process less seamless than card payments or digital wallets.

To mitigate these risks, businesses should partner with a payment provider that offers robust redundancy measures, such as multi-bank integrations and backup systems. Just like we do here at Mollie.

In an ideal world, everything would run smoothly 100% of the time. Unfortunately, that isn’t always the case. This is why it’s important to be aware of the challenges you may face when offering a new way to pay.

User experience

Pay by Bank's login and authentication process might feel less intuitive than simply entering card details. For first-time users, navigating to their bank's app or portal might create friction. Additionally, regional differences in banking infrastructure can impact the reliability and speed of transactions, especially during outages or peak periods.

Dependence on banking infrastructure

Pay by Bank payments rely on stable banking infrastructure, which – though rare – can experience outages or system failures. These disruptions can delay transactions, leading to frustration for businesses and customers. For businesses, such delays may cause abandoned checkouts or slow order fulfilment, while customers may find the process less seamless than card payments or digital wallets.

To mitigate these risks, businesses should partner with a payment provider that offers robust redundancy measures, such as multi-bank integrations and backup systems. Just like we do here at Mollie.

In an ideal world, everything would run smoothly 100% of the time. Unfortunately, that isn’t always the case. This is why it’s important to be aware of the challenges you may face when offering a new way to pay.

User experience

Pay by Bank's login and authentication process might feel less intuitive than simply entering card details. For first-time users, navigating to their bank's app or portal might create friction. Additionally, regional differences in banking infrastructure can impact the reliability and speed of transactions, especially during outages or peak periods.

Dependence on banking infrastructure

Pay by Bank payments rely on stable banking infrastructure, which – though rare – can experience outages or system failures. These disruptions can delay transactions, leading to frustration for businesses and customers. For businesses, such delays may cause abandoned checkouts or slow order fulfilment, while customers may find the process less seamless than card payments or digital wallets.

To mitigate these risks, businesses should partner with a payment provider that offers robust redundancy measures, such as multi-bank integrations and backup systems. Just like we do here at Mollie.

In an ideal world, everything would run smoothly 100% of the time. Unfortunately, that isn’t always the case. This is why it’s important to be aware of the challenges you may face when offering a new way to pay.

User experience

Pay by Bank's login and authentication process might feel less intuitive than simply entering card details. For first-time users, navigating to their bank's app or portal might create friction. Additionally, regional differences in banking infrastructure can impact the reliability and speed of transactions, especially during outages or peak periods.

Dependence on banking infrastructure

Pay by Bank payments rely on stable banking infrastructure, which – though rare – can experience outages or system failures. These disruptions can delay transactions, leading to frustration for businesses and customers. For businesses, such delays may cause abandoned checkouts or slow order fulfilment, while customers may find the process less seamless than card payments or digital wallets.

To mitigate these risks, businesses should partner with a payment provider that offers robust redundancy measures, such as multi-bank integrations and backup systems. Just like we do here at Mollie.

Pay by Bank and the future of payments

Looking ahead, the future of Pay by Bank in Europe is bright. With advancements in Open Banking, artificial intelligence, and predictive algorithms, payments should become even more innovative and integrated into everyday life. 

"Open Banking presents a significant opportunity for both businesses and consumers as a disruptive force in the payments industry," explains Niall Cumming, Product Manager for local payment methods at Mollie. "Pay by Bank can offer improved margins through lower transaction fees compared to traditional card payments. However, adoption may vary across European markets, with regions more familiar with bank-based methods embracing Pay by Bank more quickly."

So, what's next? Real-time payments and instant refunds are already standard in many regions, but we could also soon have personalised payment recommendations, automated payment scheduling, and enhanced cross-border capabilities.

"There is a lot to be excited about when it comes to Pay by Bank payments," Niall explains. “Of course, staying ahead of the curve is great, but having the option to quickly turn Pay by Bank payments on or off in light of how your customers feel about it (and use it) is just as important. With Mollie, businesses can do this with just a few clicks.

What's certain is that Pay by Bank should play a central role in the future of payments across Europe, offering businesses the opportunity to streamline their operations while delivering frictionless customer experiences.”

Ready to offer your customers a streamlined and compliant Pay by Bank experience? Mollie supports Pay by Bank in more than 20 countries across the EU, including the UK. 

Offer Pay by Bank with Mollie.

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Table of contents

Table of contents

Table of contents

Table of contents

Table of contents

What is Pay by Bank?

How does Pay by Bank work?

PSD2 and Open Banking

Pay by Bank and Open Banking

Pay by Bank benefits

Pay by Bank challenges

Pay by Bank and the future of payments

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What is Pay by Bank and how does it work?

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13 Dec 2024

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MollieGrowthWhat is Pay by Bank and how does it work?
MollieGrowthWhat is Pay by Bank and how does it work?
MollieGrowthWhat is Pay by Bank and how does it work?