What is Payop on a bank statement? What does Transferop Payment Gateway Ltd mean on a bank statement?

You made a payment on the website using the Pay by Bank, Pay by Revolut, or Pay by Monzo channels developed by Payop. The website integrated this channel to collect payments online.

Transferop Payment Gateway is our business entity, our trading name is Payop – that’s why you see it on your bank statement. We built Pay by Bank payment collection through partnerships with banks and technical providers. It’s a secure payment collection service made through Open Banking technology. European Union engages all banks to join the Open Banking community.

We hope that your payment experience was smooth and fast. If not, please feel free to share with us the errors you might receive during the payment process, we will contact your bank and ask to fix them. Payop actively participates in Open Banking development and adoption, and we see great potential in it.