Pay by Bank
Accept payments in real time and reduce payment costs with Stripe’s Open Banking–powered payment method.
Capture more sales
Reduce cart abandonment and increase conversion with local buyers by offering them their preferred bank redirect payment method.
Lower transaction costs
Capture cost savings on transaction fees compared to cards.
Provide global coverage
Adapt to customer preferences and expand into new markets with access to 100+ payment methods used by buyers around the world.
Launch faster
Launch payment methods with a single integration using the Payment Element or Checkout – no additional engineering work required.
Features
Customer locations
United Kingdom
Presentment currency
GBP
Payment method family
Real-time payments
Payout timing
Standard payout timing applies
Refunds / Partial refunds
Yes/Yes
Payment confirmation
Customer-initiated
Recurring payments
No
Dispute support
No
Connect support
Yes
Available in
United Kingdom
How it works
Pay with Pay by Bank
Pay by Bank is a single-use payment method that allows consumers to pay directly from their bank account.
1
Select Pay by Bank
At checkout, customer selects Pay by Bank and then their bank from a list of banks.
2
Redirect to complete purchase
Customer is redirected to their bank’s mobile app or the bank login page to approve payment.
3
Payment complete
Customer is notified that payment is complete.
Continue checkout
Getting started
Easily launch and manage payment methods on Stripe
Get started in minutes
Start accept payments on your site by integrating Stripe Payment Element and Checkout.
Manage with no code
Add and manage payment methods with just a click in your Settings.
Access unified reporting
See all payments made with payment methods within the Stripe Dashboard.
Resources
A guide to types of payment methods
A complete guide that lists the different types of payment methods available to help you understand and select the right payment options for your business.
Design your payments page
Create your own payments page using Stripe Elements – our suite of pre-built embeddable UI components.
Hosted payments page
Accept payments on your website by integrating Stripe Checkout – our prebuilt payment page optimised for conversion.