Menu

Web and Mobile Checkout

Introducing Pay by Bank

By adding the Pay by Bank option to your checkout page, you can reduce fees and get funds into your account on the same day, which can can help with cashflow so you can focus on running your business. 

Interested? we can sign-you up and have you up and running in less than an hour – see ‘How to connect’ below.

The benefits

Lower fees

Merchants can boost margins by cutting transaction fees and eliminating unnecessary middlemen from every payment.

Same day funds

With Pay by Bank, funds move faster, giving merchants quicker access to working capital and improving liquidity.

Reduced fraud

Open Clearing’s strong authentication protocols and regulatory oversight create a highly secure payment environment

How it works

All-in one Pay by Bank checkout

Add a QR-enabled flow to your checkout. Customers scan, are taken to their preferred bank in the mobile app, and authorise with secure Face ID or PIN. Payments are fast, secure, and effortless – without entering card details, email addresses, or home addresses.

How to connect

Add the ‘Pay by Bank’ option by dropping a few lines of code into your checkout page to integrate your website with our payment solution. 

Our platform leverages open banking to connect seamlessly with all UK banks while maintaining full compliance with PSD2 regulations. Customers benefit from secure, biometric authentication for payments, and all APIs are safeguarded to the highest security standards.

Add 'Pay by Bank'

Here's a little more detail

In most cases, conversion stays strong or improves. Customers skip typing card details and authorise in their banking app with Face ID or PIN. For best results, present Pay by Bank alongside cards, default to the last-used method, and keep the QR/link flow clear on mobile and desktop. A/B testing your checkout placement usually yields the best uplift.

Refunds are initiated from your Open Clearing dashboard or via API—no card required. You can issue full or partial refunds; the customer receives funds back to the same bank account. Most refunds credit quickly, though timing can vary by bank. We surface refund status and webhooks so your store updates automatically.

There are no card-scheme chargebacks with Pay by Bank. Payments are authorised in the customer’s banking app using Strong Customer Authentication, which greatly reduces fraud and disputed payments. If a customer requests a return, you handle it through your normal returns/refund policy (and you can issue a refund instantly from the dashboard or API).

Settlements are same day via Faster Payments, typically within minutes of the customer approving the payment. You’ll see instant confirmation in your dashboard/webhooks, and funds land in your nominated account the same day (bank processing windows can apply).