What is pay by bank? Paying straight from a bank account
By SendPay Business · · 2 min read
- 1Make a link for the amount
- 2Send it in a chat or an email
- 3They tap, pay, and you see it
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.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
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 launch.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
Would pay by bank save me money?
Compare your card fees with pay by bank fees.
Pay by bank savings calculator →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
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. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.