What is Pay by Bank? How does it work?

Pay by Bank is a payment method based on the open banking concept. It allows you to pay for goods and services directly from your bank account without entering sensitive data on the website where you make the purchase. This solution is getting increasingly popular among EU users, as it takes a few clicks to make such a payment.

It works really simply. At the checkout, you choose Pay by Bank from the list of available payment methods, select the bank you want to make the payment with, log into your bank account, and confirm the transaction.

Once your bank authorises the requested payment, the funds are transferred and processed on our bank’s side, and as soon as the transaction gets its final status, the merchant receives confirmation of the successful payment.

The main benefits of this method are:

• Security. You complete the payment using your bank account application.
• Fast processing. Such transfers are usually completed in a few minutes.

Important note. Please do not repeat the processed payments by bypassing the checkout page and going directly to our bank account. Such payment won’t be credited to the merchant as it’s not related to any of the website’s orders. To make a purchase, go to the merchant’s website, choose the relevant Payop payment method, and complete it on the checkout page by entering the required data.