Pay by Bank — lower fees, no chargebacks.
A direct bank payment method with no chargebacks, no disputes, and lower fees than other payment methods — settled bank-to-bank in real time.
No chargebacks, no disputes
Funds move directly bank-to-bank under PSD2 rules — there is no card scheme in the middle, so the chargeback risk goes away entirely.
Lower fees
Open banking commissions are materially lower than card or wallet fees. Funds transfer directly to the merchant's account.
Real-time settlement
Customers authorise in their own banking app. The money lands in your account in seconds, not days.
Customers pay through
their own banking app.
No card details, no third-party processor. Customers authorise the payment securely inside their bank's own digital channel — all through one seamless integration with monetopay.
Grow your business
with direct bank payments.
With monetopay's Pay by Bank, funds go straight to your merchant account — no delays, no middlemen. This seamless flow accelerates your cash flow, lowers your fees, and helps you scale efficiently.
The fundamentals,
done properly.
Direct connection between banks
Open banking enables customers to authorise payments directly from their own bank to the merchant. No card scheme sits in the middle — the transaction is a pure account-to-account transfer under PSD2 rules.
Higher security, lower friction
Authorisation happens inside the customer's own banking app, with their own biometrics. No card data leaves the bank, so there is nothing to skim, no chargeback to fight, and no third-party fraud risk to manage.
Lower fees, faster settlement
Open-banking payments cost a fraction of card fees and settle bank-to-bank in real time. This drops your effective cost of acceptance and gives you immediate access to working capital.
Built for recurring use cases
Pay by Bank handles one-off purchases, large-ticket payments, recurring transfers, and bill payments equally well. Customers see the merchant by name in their own banking history — not an opaque processor reference.
One integration, every bank
monetopay aggregates connections to local banks through a single, PSD2-compliant integration. You ship Pay by Bank once and your customers get a familiar, native flow with whichever bank they use.
Explore the rest
of the platform.
Every product runs through monetopay — one contract, one dashboard, one set of credentials.
Card payments
Accept Visa and Mastercard with a conversion-optimised checkout.
Wallet payments
Apple Pay and Google Pay with no redirect — customers pay where they are.
Pay by Link
Send a branded payment link over email, SMS, or chat — no code needed.
Subscriptions
Recurring billing with trials, retries, and proration handled.
Payouts
Send funds to suppliers, sellers, or contractors — at scale, on schedule.
Frequently asked questions.
Everything you need to know about accepting open-banking payments with monetopay.
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