Pay by Bank

To cope with high shopping baskets without risking refusal of payment, many merchants offer their customers payment by check or bank transfer... including the disadvantages. Cheques are difficult to process and are often synonymous with unpaid bills. Solutions for securing checks exist, but are often expensive. The reconciliation is also complicated: not always easy to reconcile the received check with the order, because the references are manually entered by the customer, with a risk of error.

Traditional transfers are irrevocable, but not guaranteed: as long as they are not executed, the customer can cancel them in his banking space: this is not the case with Pay by Bank. Moreover, the customer's experience with a classic transfer is chaotic: the customer must add a beneficiary (often with a certain delay), then manually initiate a transfer by entering the amount and the order reference... All these manual steps are sources of errors and complicate the merchant's payment-order reconciliation. With the simplified Pay by Bank transfer, the process is simple and fluid: no need to add a beneficiary, no manual entry of the amount or the order reference: the transfer order is automatically filled in, and the customer only has to validate it.

Any merchant accepting credit card payments has surely already had to face the problem of abusive chargebacks. Indeed, card payments are sometimes subject to disputes from customers and therefore to debits on the merchant account. This inevitably leads to a loss of turnover as well as a heavy management for the merchant.

With Pay by Bank's simplified transfer, security is even stronger because to make the payment, the customer must access his bank space. This greatly reduces the risk of disputes. In addition, the transfers are irrevocable, which also reduces chargebacks and prevents a significant loss of turnover.

Accepting card payments is essential, but represents a cost that is difficult for merchants to read, especially for high amounts where the burden of interchange is most noticeable.

With a cost that is much lower than interchange, Pay by Bank is very advantageous and allows merchants to make significant savings on each payment. Easy to read, Pay by Bank pricing includes all processing, all-inclusive, with no hidden fees.