Payment methods

Open banking payments

  • Full-suite open banking solutions built in-house by the industry’s best engineers
  • Improve conversion rates and address all your business’s payment needs
  • External providers aren’t required, thanks to our complete payment ecosystem

Why you need an open banking solution

Open banking is a leap forward from a technical and security standpoint, offering a faster, simpler and safer way for your customers to pay. We orchestrate across multiple open banking network providers, combining their reach and reliability.

Gain access to an enhanced open
banking ecosystem

Discover documentation of our cutting-edge solutions

Our payment products are built for ease of use. Say goodbye to complexity and hello to seamless transactions

How does open banking work?

Pay-ins

1. Add ‘pay by bank’ to your payment methods
2. Your customers choose their bank
3. After authenticating via their bank, customers confirm the payment
4. The payment appears in your bank account.

Payouts

1. Banking payouts are added to your payment methods
2.You enter the payment details of the beneficiary in our dashboard or send a request via API
3. An instant payout is sent

Choose open banking

Your customers can pay directly from their bank accounts in seconds with a built-in-house solution that complements your existing payment portfolio.

Take payments to the next level

Our open banking experts can help you lower transaction costs, eliminate chargebacks and receive instant payments to your bank account.

Open banking FAQs

Let’s decode the complexity

What is open banking?

Open banking 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). Put simply, APIs allow software and apps to communicate with one another and share data, allowing developers to build custom financial and payment services.

In e-commerce, open banking speeds up the payment process with instant account-to-account transactions, simple verification and strong security. Over 80% of banks across Europe and UK are covered, allowing customers to pay via their preferred bank in a few clicks.

Find out more about open banking here.

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, with strong customer authentication making it difficult - or virtually impossible - to send an accidental payment.

Which countries are covered?

Austria, Belgium, Estonia, Finland, France, Germany, Greece, Hungary, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, and United Kingdom.

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 one day.

What currencies are available with ‘Open Banking Advanced’?

EUR and GBP.

What is the open banking payment flow?

Customer → Ecommpay → merchant

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