Pay by Bank

Pay by Bank

Pay by Bank

Pay by Bank

Pay by Bank is a convenient and user-friendly way for your customers to directly pay from their bank accounts. This payment method offers a secure, cost-effective, and efficient alternative to traditional card payments, facilitating instant or near-instant transactions. With lower transaction costs than card payments and BNPL methods, you keep more of what you earn.

Pay by Bank is a convenient and user-friendly way for your customers to directly pay from their bank accounts. This payment method offers a secure, cost-effective, and efficient alternative to traditional card payments, facilitating instant or near-instant transactions. With lower transaction costs than card payments and BNPL methods, you keep more of what you earn.

Pay by Bank is a convenient and user-friendly way for your customers to directly pay from their bank accounts. This payment method offers a secure, cost-effective, and efficient alternative to traditional card payments, facilitating instant or near-instant transactions. With lower transaction costs than card payments and BNPL methods, you keep more of what you earn.

Start accepting today

Only pay per transaction

Overview

Available in

AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IT, LT, LU, LV, NL, NO, PL, PT, RO, SE, SI, SK, UK

Supported currencies

EUR, GBP

Type

Bank Transfer

Channels

Online

Supported API

Orders API

Payments API

Refund

Full

Partial

Settlement delay

The speed at which funds are collected usually depends on the issuing bank and is typically handled instantly. However, with some banks, it may take longer. The payment will be included in your next payout.

Overview

Available in

AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IT, LT, LU, LV, NL, NO, PL, PT, RO, SE, SI, SK, UK

Supported currencies

EUR, GBP

Type

Bank Transfer

Channels

Online

Supported API

Orders API

Payments API

Refund

Full

Partial

Settlement delay

The speed at which funds are collected usually depends on the issuing bank and is typically handled instantly. However, with some banks, it may take longer. The payment will be included in your next payout.

Overview

Available in

AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IT, LT, LU, LV, NL, NO, PL, PT, RO, SE, SI, SK, UK

Supported currencies

EUR, GBP

Type

Bank Transfer

Channels

Online

Supported API

Orders API

Payments API

Refund

Full

Partial

Settlement delay

The speed at which funds are collected usually depends on the issuing bank and is typically handled instantly. However, with some banks, it may take longer. The payment will be included in your next payout.

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Frequently asked questions

What is Pay by Bank and how does it work?

The term ‘Pay by Bank’ refers to payment methods that allow customers to pay for their purchases directly from their bank accounts without using cards. It’s a convenient and cost-effective option for both consumers and businesses. To put it simply, Pay by Bank leverages the bank’s secure infrastructure and Open Banking principles (under PSD2), providing enhanced security and low transaction fees. 

How do I activate Pay by Bank?

Already a customer?

If you are a Mollie customer, you can simply add the new payment method in your Dashboard

Not a customer?

If you’re not an existing customer get started and add it in your Dashboard during the sign-up journey.

Note: This payment method is currently still in beta. If you’re already a Mollie customer, you can request beta access with our Customer Success team.

What are the benefits of Pay by Bank through Mollie?

The benefits of Pay by Bank through Mollie include lower transaction costs than traditional card payments, enhanced security and faster transactions. On top of that, there is no chargeback risk since Pay by Bank is a guaranteed payment method.

Frequently asked questions

What is Pay by Bank and how does it work?

The term ‘Pay by Bank’ refers to payment methods that allow customers to pay for their purchases directly from their bank accounts without using cards. It’s a convenient and cost-effective option for both consumers and businesses. To put it simply, Pay by Bank leverages the bank’s secure infrastructure and Open Banking principles (under PSD2), providing enhanced security and low transaction fees. 

How do I activate Pay by Bank?

Already a customer?

If you are a Mollie customer, you can simply add the new payment method in your Dashboard

Not a customer?

If you’re not an existing customer get started and add it in your Dashboard during the sign-up journey.

Note: This payment method is currently still in beta. If you’re already a Mollie customer, you can request beta access with our Customer Success team.

What are the benefits of Pay by Bank through Mollie?

The benefits of Pay by Bank through Mollie include lower transaction costs than traditional card payments, enhanced security and faster transactions. On top of that, there is no chargeback risk since Pay by Bank is a guaranteed payment method.

What integrations do you support for this method?

What integrations do you support for this method?

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