Pay by Bank Advantages
For merchants and their customers

With the Pay by Bank simplified transfer, offer your customers a simple and efficient way to pay for their high value purchases, without having to enter a bank account number, IBAN or even a beneficiary to add: the amount and reference of the payment are automatically filled in, and all they have to do is validate their payment in a secure way.
Whether for your physical or online business, Pay by Bank is a guaranteed, irrevocable and economically very advantageous way of maximizing the conversion of high value baskets, and therefore your turnover.
For merchants and their customers
With Pay by Bank simplified transfer, you eliminate the risk of rejected payments due to card limits. With a better conversion, you increase your turnover.
Once the payment is validated by your customer, its execution is guaranteed. The completed payment is not subject to chargebacks as are card payments.
With Pay by Bank, no interchange, no CB/Visa/Mastercard fees: accepting a Pay by Bank payment is more advantageous and economical for all baskets over 100€.
Take advantage of the Pay by Bank simplified transfer on your website by adding the payment method to your payment page, and in store with PayWish®.
With Pay By Bank, the customer selects his bank and then validates the transfer very quickly with all the pre-filled information, without having to enter the beneficiary or the IBAN.
Pay by Bank's simplified transfer requires strong authentication when the customer logs into their bank, ensuring that only they can approve the payment from their account.
No more spending limits due to card limits! Thanks to Pay by Bank, your customers will be able to pay for large baskets without having to worry about their card limits.
Payment by bank transfer within everyone's reach
You are confronted with several issues impacting your turnover and your results
When it comes to paying high amounts, the card comes up against an obstacle: the card limit. The average fall rate observed in e-commerce is 50% for card transactions between 1000 and 2000€.
This represents a significant loss of revenue. With Pay by Bank, your customers pay by bank transfer, which avoids the problem of ceiling and insolvency. Indeed, the simplified transfer proposed by Pay by Bank avoids situations where the customer is unable to make the payment even though he has the funds in his account.
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.
When it comes to paying high amounts, the card comes up against an obstacle: the card limit. The average fall rate observed in e-commerce is 50% for card transactions between 1000 and 2000€.
This represents a significant loss of revenue. With Pay by Bank, your customers pay by bank transfer, which avoids the problem of ceiling and insolvency. Indeed, the simplified transfer proposed by Pay by Bank avoids situations where the customer is unable to make the payment even though he has the funds in his account.
Would you like more information about Pay by Bank?
Would you like to talk to our sales team and find out how Pay by Bank can help your store grow?
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