What is pay by bank? Paying straight from a bank account
By SendPay Business · · 2 min read
Pay by bank lets a customer pay straight from their bank account instead of using a card. At checkout they pick their bank, approve the payment in their banking app, and the money is usually sent by Faster Payments within seconds.
How it works
- The customer chooses pay by bank at checkout and picks their bank.
- They're sent to their banking app to approve the exact amount.
- The bank sends the payment, and the business is told it's on its way.
Why businesses like it
There are no card numbers to type or store, and fees are often lower than card fees. The payment is approved in the customer's own banking app, which adds strong security.
The trade-offs
Customers don't get card-style chargeback rights, and not everyone is used to paying this way yet. Many businesses offer it alongside cards rather than instead of them.
Where SendPay fits
SendPay platforms include accounts, payment links and invoicing under your own brand, powered by licensed partners. You can preview your platform before you pay.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
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This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.