What is Pay by Bank and why it will give your business an advantage

Pay by Bank lets consumers pay businesses directly from their bank account rather than relying on credit cards or digital wallets. While Pay by Bank is crucial for businesses operating in Europe, Brazil, and India, the international appetite for the payment method is growing. 

Consumers are open to convenient and secure ways to pay for products and services, even in countries like the US, where debit and credit cards are the primary payment method. 85% of consumers under 44 are ready to use Pay by Bank for household expenses, insurance, and other subscription payments.  

Offering Pay by Bank as a payment method plays into more than customer demand. It’s also a great way to manage or reduce payment-related fees and increase security.

In this blog, you’ll discover:

• What is Pay by Bank?

• The benefits of Pay by Bank

• How does Pay by Bank work?