All payment methods

Pay by Bank App

With the UK’s Pay by Bank bank-transfer app (PbBa), transactions take place in real-time. It works through the consumer's existing banking app and consumers can see their account balance before making the payment. Each PbBa payment is made directly from the bank account and uses secure digital tokens, meaning no financial details are revealed. Crucially, verification is handled by the bank app. To make a payment from a smartphone or desktop, the consumer selects PbBa at checkout, which directs them to their existing banking app to complete the payment. Supported banks include Barclays and HSBC.

Pay by Bank App
Type Bank transfer
Consumer countries
Currencies

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Why Pay by Bank App

All transactions are authenticated by the customer’s own bank app – therefore fraud liability is shifted to the customer’s bank resulting in fewer chargebacks.

Consumers enjoy security and convenience while Merchants benefit from processing and settlement in near real-time.

Britons use bank transfers to pay for 7% of all their e-commerce purchases, an e-commerce volume worth approximately US$ 20 billion (PPRO Almanac).

Specifications

Coverage

Consumer
Merchant Global

Currencies

Consumer GBP
Processing GBP
Settlement GBP

Features

Recurring payments
One-click payments
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

How it works

1
Merchant

At online checkout, the consumer selects PbBa as the preferred payment method

2
Payment method

The consumer receives a PbBa code with instructions for completing payment

3
Online bank

The consumer logs in to their banking app and enters the PbBa code

4
Online bank

The transaction is displayed in the app for review and confirmation

5
Merchant

Payment is confirmed

Want to integrate Pay by Bank App onto your platform?

Get in touch