The cost of online checkout
Card payments accepted online typically carry a card-not-present rate, which is often higher than in-person card rates due to increased fraud risk. For ecommerce businesses processing a high volume of transactions, this rate has a direct and continuous impact on margin.
Pay by Bank at checkout
Pay by Bank lets a customer authorise a payment directly from their bank account at checkout, instead of entering card details. Because it doesn't rely on card network rails, it can be priced differently to card acceptance, and it removes the need to capture or store card numbers for that transaction.
Hosted checkout and payment APIs
For ecommerce platforms and custom storefronts, a hosted checkout page or payment API allows Pay by Bank to sit alongside existing card options, giving customers a choice at the point of payment rather than requiring a wholesale switch.
Payment links for orders outside your storefront
For orders taken outside a standard cart flow — social media sales, marketplace enquiries, or custom quotes — a payment link lets a business request payment without building a full checkout integration.
Recurring payments for subscriptions
Subscription and recurring-order ecommerce businesses can use an authorised payment agreement to collect ongoing payments, rather than relying solely on stored card tokens that expire or fail when a card is replaced.
Real-time confirmation
Account-to-account payments confirm in real time, which can simplify order fulfilment logic compared with payment methods that have separate authorisation and settlement stages.
Understanding your total merchant payment costs
Before adding a new payment method, it's worth understanding exactly what your current checkout costs you across gateway fees, processing rates and any card-not-present surcharges, so you can compare it meaningfully against an account-to-account alternative.
Calculate your ecommerce payment costs
Model your current online checkout costs and see an illustrative Pay by Bank comparison.