99.999%
uptime
90%
avg. conversion rate
10+
years on the market
85%
of banks in the UK & EEA
An unrivalled Open Banking ecosystem
Our full-suite Open Banking solutions are built in-house by the industry’s best engineers, providing
a selection of capabilities to address your business’ payment needs.
Open Banking Account-2-Account
Our full-suite Open Banking solutions are built in-house by the industry’s best engineers, providing a selection of capabilities to address your business’ payment needs.Open Banking Advanced
An Enterprise solution featuring instant pay-ins, payouts and refunds from a dedicated bank account. Improve efficiency with automatic reconciliation and receive immediate payment confirmations.Open Banking Select
Ecommpay Partners can leverage our Open Banking network using our cutting-edge orchestration platform, which serves as a central hub connecting various providers, both old and new.
Why Your Business Needs an Open Banking Solution
Open Banking is a leap forward from a technical
and security standpoint, while offering a faster, simpler and safer way for your customers to pay.
- No chargebacks once the user has signed in with their personal credentials and confirmed the payment;
- An additional revenue stream;
- Improved conversion rate due to the trustworthiness of the customer’s banking environment;
- Direct and instant payment;
- Managed traffic specifically for pay-by-bank pay-ins and pay-outs;
- No need to look for an external provider with ECOMMPAY’s complete payment ecosystem.
How Does it Work?
Pay-ins
Payouts
- You add Pay by bank to your payment methods;
- Your customers choose their bank;
- After authenticating via their bank, customers confirm the payment;
- The payment appears in your bank account.
- Banking payouts are added to your payment methods;
- You enter the payment details of the beneficiary;
- An instant payout is sent.
Take payments to the next level
Get in touch with an Open Banking expert to lower transaction costs, eliminate chargebacks and receive instant payments to your bank account.
We Work with Worldwide Clients in the Following Industries
Travel & Hospitality, Retail, Airlines & Private
Aviation, and Yachting
Compare & Choose Between Two Smart Solutions
| Features |  |  |
|---|---|---|
| Pay-in |  | |
| Payout |  | |
| Dedicated sub-account | | |
| Funds aggregation | | |
| Payment confirmation | | |
| Automatic reconciliation | | |
Choose Your Open Banking Integration
Do you need a speedy solution or total customisation? When integrated through our API, our
professional implementation team will use their expertise to support you during each step of the
integration process to build a custom solution tailored to your exact requirements.
If you’d prefer to get up and running as quickly as possible, our Hosted Payment Pages can get you connected within 1 day, subject to compliance.
Whatever method you choose, your customers will enjoy the ultimate payment experience.
If you’d prefer to get up and running as quickly as possible, our Hosted Payment Pages can get you connected within 1 day, subject to compliance.
Whatever method you choose, your customers will enjoy the ultimate payment experience.
Open Banking Select
Our market-leading solution offers a complete Open Banking hub that serves as a single, harmonised
connection to an unmatched range of providers for maximum scalability and optimised conversion.
Key features:
- Select and route between top Open Banking providers;
- Effortlessly orchestrate existing providers into our ecosystem;
- Maximise coverage;
- Benefit from a universal payment flow;
- Scale globally with regional expertise;
- Enjoy a faster time-to-market.
Frequently Asked Questions
What is Open Banking?
Open Banking — also referred to as “pay by bank” — is a technology that provides third-party access to users’ financial data (with their consent) through the use of an Open Banking API (application programming interface). In straightforward terms, APIs allow software and apps to communicate with one another and share data, allowing developers to build custom financial and payment services.
When it comes to eCommerce, Open Banking speeds up the payment process with instant account-to-account transactions, simple verification and strong security. Over 2,000 major banks across the EEA and UK are covered, allowing customers to pay via their preferred bank with a few screen taps.Why does using Open Banking eliminate chargebacks?
When making Open Banking payments, customers make direct account-to-account transfers with no payment cards involved. This eliminates the risk of chargebacks completely, with two-step authentication making it difficult — or virtually impossible — to send an accidental payment.Which countries are covered?
How fast can Ecommpay’s Open Banking solutions be implemented?
After approval, your Open Banking integration will go live on our Hosted Payment pages within 1 day*.What currencies are available with Open Banking: Advanced?
EUR & GBP.What is the Open Banking payment flow?
Customer — Ecommpay — MerchantDo you have additional information about Open Banking?
Ecommpay’s experts have built an extensive knowledge database on Open Banking. Feel free to browse the following resources:
Get in Touch To Find Out How Open Banking Can Help Your Business Grow
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