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Pay by Bank
Instant, secure open banking payments

Increase conversions with secure, low-cost open banking payment solutions. Access PaySuite’s Pay by Bank enables instant bank-to-bank payments, reducing card fees and eliminating checkout friction when preferred payment methods aren’t available. Seamlessly integrate open banking payments alongside cards and Direct Debit to capture more revenue and improve payment success rates.

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Our payment solutions are trusted by leading organisations and businesses

Business benefits of offering Pay by Bank

Low payment costs

Open banking payments let customers pay direct from their bank account, so you can reduce card processing costs while improving payment acceptance.

  • Eliminates card scheme fees
  • No interchange
  • No chargebacks
  • Fewer payment failure costs

Better cash flow

Pay by Bank clears in real time, helping UK businesses improve cash flow and confidently take payments for high-value and time-sensitive purchases.

  • Real-time bank-to-bank payments
  • Ideal for deposits, booking, and high-value baskets
  • Faster reconciliation and reporting

Reduce fraud

Customers authenticate in their banking app using bank-level security and Strong Customer Authentication (SCA), helping lower fraud risk versus traditional card payments.

  • No card data stored
  • Fewer fraud vectors
  • Reduced PCI burden

Flexible integration

Add open banking payment solutions without ripping out your current stack. Use Pay by Bank as a primary payment method or alongside cards and Direct Debit to reduce abandonment.

  • Works alongside cards and Direct Debit
  • Secure APIs and developer-friendly integration
  • Customisable checkout and branding

Trusted by businesses across the UK

Trustpilot Rating 5 Star

Zoltan Dukai who helped me was very good

Zoltan Dukai who helped me was very good

Trustpilot Rating 5 Star

Fantastic Friendly Service

I met Warren Stone, Dan Riley and Ahmed Patel at a product gateway at Gateshead in November and arranged a call at a later date so they could help me…

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I've used Access Paysuite for a while…

I've used Access Paysuite for a while now, and thought I'd leave a review finally to show some general appreciation for the consistently good support…

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Full thanks to James Hewson for his advice

Worked with James Hewson over a number of years. He helped us renew and our enhance our customer product/service offerings with Access PaySuite. 10/…

Trustpilot Rating 5 Star

Updating our Direct Debit payment…

Updating our Direct Debit payment details turned into a frustrating process that lasted over two weeks, with little progress and no clear resolution …

Trustpilot 4.5 stars
4.5 out of 5. See all 338 reviews on

Looking for a trusted payment provider?

Talk to our team about Pay by Bank solutions

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Design your Pay by Bank checkout for maximum conversion

Limited payment options are costing you revenue

Customers abandon checkout when they can’t pay the way they prefer. That’s not a UX issue, it’s measurable lost revenue. Nearly 45% of consumers walk away when their preferred payment method isn’t available, and the impact is even higher with growth audiences: 65% of Gen Z and 61% of Millennials abandon when payment choice is limited.

  • 35% will switch to a competitor that offers the payment method they want

  • 31% won’t return after a poor payment experience

For businesses, that means:

  • Lower conversion and more abandoned checkouts

  • Lost revenue and higher acquisition costs

  • Reduced lifetime value, and a widening gap between customer expectations and your payment experience

Modern buyers won’t adapt to payment limitations. Your business needs payment choices that perform, including open banking payments.

Open banking adoption is accelerating fast

m

payments per month

m

active users in the UK

m

open banking payments in 2025

%

Open banking year on year growth

A smarter open banking payment solution

Giving our customers the freedom to do more

Our partnership with Access enabled us to integrate open banking solutions that streamline transactions, ensuring payments are reflected in real-time on our customers' accounts. This shift not only enhances convenience, but also improves security, allowing our customers to complete their payment journeys effortlessly, whether through our contact centre or via bespoke payment links. The result is a straightforward, secure payment experience that aligns with modern expectations, making payments as simple as a click or a tap.

Rob Jeffreys - Head of Income Karbon Homes

How Pay by Bank works

01 03

Choose Pay by Bank at checkout

Customer action: They select Pay by Bank.

The customer is shown a trusted, branded Pay by Bank option, complete with familiar bank logos, so they instantly recognise how they’ll be paying. This reduces hesitation and clearly sets expectations for the next step. 

02 03

Approve securely in their banking app 

Customer action: They’re redirected to their banking app to authenticate the payment. 

Customers authenticate using their usual bank security (Face ID, fingerprint or passcode). This keeps the process familiar and secure, without requiring card numbers or billing details. 

03 03

Payment completes instantly

Customer action: They’re returned to your website/app with immediate confirmation. 

The payment settles in real time, improving cashflow for your business and reducing failed payments. Customers complete checkout quickly with zero friction, especially valuable for mobile journeys. 

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Fast. Secure. Affordable.

As open banking continues to reshape the payments landscape, our platform remains at the forefront of innovation, delivering advanced payment solutions that cater to the evolving needs of modern businesses and consumers.

Explore the possibilities of open banking payments and elevate your payment experience with Access PaySuite.

  • Reduced processing fees means significant cost savings.
  • Receive your payments faster, in real-time
  • No sensitive card information is shared, so fewer errors and reduced fraud.
  • Higher success rates than cards, meaning fewer payment abandonments
  • No chargebacks!

All your payment solutions in one place

View all of our products here.

Online Payments

Identification and Verification

Phone Payments

Multi-channel Payments

Frequently asked questions

Are open banking payments secure?

Yes, open banking uses bank-level security and Strong Customer Authentication (SCA). 
Because customers authenticate directly with their bank, no card numbers or sensitive details are shared. This makes open banking one of the most fraud-resistant payment methods, with no risk of card data theft or card-not-present fraud. 

How fast are open banking settlements?

Open banking enables instant or near-instant payments, depending on the customer’s bank. You get immediate confirmation that funds are on the way, helping with cash flow and reducing delays commonly seen with card settlements or Direct Debit processing. 

Are open banking payments cheaper than card payments?

Yes. Open banking is a low-cost payment method because: 

  • There are no card scheme or interchange fees 

  • No chargebacks 

  • Fewer failed transactions 

  • No card network intermediaries 

This often results in significantly lower merchant payment processing costs. 

Can customers get refunds with open banking?

Absolutely. Refunds can be issued quickly through the Access PaySuite dashboard or API. Because the payment comes directly from a bank account, refunds are fast, traceable and reliable, ideal for online businesses. 

Can open banking be used for recurring or subscription payments?

Yes, particularly for variable or on-demand payments. For fixed recurring billing, businesses often combine open banking with Direct Debit or emerging options like Variable Recurring Payments (VRP). This gives you a flexible and secure way to manage subscriptions. 

What types of businesses are open banking payments suitable for?

Open banking is a great fit for businesses that want fast, secure, low-fee online payments, including: 

  • E-commerce and online retail 

  • Utilities and telecoms 

  • Financial services 

  • Charities and non-profits 

  • Education and public sector 

  • High-value or high-volume payment businesses 

Any business that wants faster settlements, better security and lower fees can benefit. 

What happens if a customer’s bank doesn’t support open banking?

If a customer’s bank is unavailable or does not offer open banking, they can seamlessly choose another payment method at checkout. Open banking simply appears as an additional, optional bank payment method. 

Do open banking payments reduce failed or declined transactions?

Yes. Because payments are verified directly with the customer’s bank, open banking avoids common card failure reasons such as: 

  • Expired cards 

  • Lost or stolen cards 

  • Incorrect details 

  • Insufficient card limits 

This leads to higher payment approval rates and fewer cart abandonments. 

Is it difficult for merchants to get started with open banking?

No, onboarding is simple. Access PaySuite handles the bank connections, security and compliance requirements for you. You can start accepting open banking payments quickly without needing technical expertise. 

Does open banking work on mobile?

Yes, the experience is fastest on mobile because the customer’s banking app opens automatically.

Are there chargebacks with open banking?

No, open banking uses authorised bank transfers, so there are no chargebacks.

Do customers need to download a new app?

No. They simply use their existing banking app to complete the payment.