Pay by Bank - Secure Direct Bank Payment Solutions
Enable instant bank-to-bank transfers with advanced security and compliance. Direct bank account payments without traditional payment processing fees.
Get Started TodayWhy Choose Pay by Bank?
Save £10,800+ Annually
Eliminate high card processing fees. Direct bank transfers cost 85% less than traditional payment methods with instant settlement.
Customers Trust Their Banks More
89% of customers prefer direct bank payments over sharing card details. Increase conversion rates with familiar, trusted banking experience.
Bank-Grade Security Included
Customers authenticate using their own bank's multi-factor security. No sensitive payment data on your systems. PSD2 compliant by default.
Setup in Under 10 Minutes
Simple API integration connects you to all major UK banks instantly. No complex merchant accounts or lengthy approval processes required.
Reduce Failed Payments by 40%
Direct bank authentication eliminates declined cards, expired dates, and insufficient funds issues. Higher success rates mean more revenue.
Calculate Your Cost Savings
- Traditional payment processing: 2.9% + 30p per transaction
- Pay by bank processing: 0.5% flat rate + £1.00 per transaction
- Monthly processing volume of £50,000 (100 transactions) saves £900+ per month
- Annual savings: £10,800+ in reduced processing costs
- Plus instant settlement - no 2-3 day waiting periods
How the Secure Payment Process Works
Follow the 6-step process that ensures secure, bank-grade authentication using your customer's existing banking credentials.
Business Creates Payment Request
Your business user creates the request for payment and sends it to your customer by email or SMS message
Customer Receives Link
Your customer clicks the received link button in their email or mobile messages
Banking App Opens
The bank payment service takes over and correctly opens the mobile banking app (mobile) or desktop internet bank login page (desktop)
Customer Authenticates
Your customer logs into their banking app, verifying their identity
Payment Confirmation
Your customer sees the request for payment presented by their bank and confirms they accept the payment request
Money Transfer
Money transfer is initiated and your business receives the agreed payment
Pay by Bank Pricing Plans
Choose the plan that fits your business needs
Essentials
Ideal for growing businesses seeking cost-effective bank transfer processing
Included Features:
- ✓ Fena Secure Open Banking connector included
- ✓ Connect with all major UK banks
- ✓ Instant, authorised, bank-to-bank transfers
- ✓ Real-time payment confirmation
- ✓ Advanced fraud detection
- ✓ Recurring payment support
- ✓ Customer bank account tokenization
- ✓ Comprehensive reporting & analytics
- ✓ Send Bank payment links by SMS
- ✓ Send Bank payment links by Email
Enterprise Features (Available with Upgrade):
- • Send using your own email server, from your own business domain
- • Secure Code link protection
- • Add your business logo
- • Add expiry times to your links sent
- • Enhanced webhook integration
- • Premium API service
- • Dedicated account manager
- • White-label customization
Enterprise
Complete solution for large businesses with custom requirements
Everything in Professional, plus:
- ✓ Send using your own email server, from your own business domain
- ✓ Secure Code link protection
- ✓ Add your business logo
- ✓ Add expiry times to your links sent
- ✓ Enhanced webhook integration
- ✓ Premium API service
- ✓ Dedicated account manager
- ✓ White-label customization
- ✓ SLA guarantees
- ✓ Enterprise-grade security
All plans include comprehensive support, security compliance, and integration assistance. Contact us for volume discounts and custom enterprise solutions.
Download Available
Get detailed information about Pay by Bank implementation and pricing
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