Pay-by-Bank is a is a peer-to-peer payment method that lets website visitors checkout and make payments directly from their bank account instead of a credit card.
Meet Pay-By-Bank technology, an Open Bankingpayment processing solution that’s taking the high-risk payments industry by storm.
How Does It Work?
Our Pay By Bank solution allows customers to make online purchases directly from their bank accounts, without the need for a credit card or debit card.
Acceptable Industries
- Adult Entertainment
- SEO & Digital Marketing
- Recurring Subcriptions
- MMJ/Cannabis Dispensaries
- Restaurant Take-out & Delivery
- Coaching Seminars
- Nutraceuticals/Pharmaceuticals
- Hospitality & Travel
- Cryptocurrency & MLM
- Vape Shops & Kratom
- Age-restricted goods
- Freelancers & Sole Proprietors
- Telemarketing
- Future Events Ticket Brokers
- Computer Repair & Maintenance
- Online Pharmacies
- Loans & Credit Repair
- Landscapers, Electricians & Contractors
Rates & Fees
Same Day Approval
$
5
00
Monthly Recurring Fee -
Same Day Approval: We approve all legal businesses within one business day. No credit check is required. Businesses placed on the "Match List" by payment processors are gladly accepted. No exceptions.
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Unlimited Transaction Volume: There are no limits on daily, weekly or monthly transaction volume.
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One-time new account activation fee: varies from $99.00 - $1000.00 *depending on the merchant's website platform and coding requirements necessary for integration. *This non-refundable fee is collected upon onlyt after new account approval and execution of this agreement.
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Transaction Fees: based on individual transactions. * For transactions of $1.00 up to $25,000 dollars a $1.56 authorization fee is required. Plus there is an Identification Verification fee of $1.63, and a $0.26 Signal Fee.
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Fully compatible with popular shopping carts and website builders: - such as WordPress+WooCommerce, Shopify, 3dCart, Limelight, Magento, PrestaShop, Konnektive, OpenCart, CS-Cart, Big Commerce, and many more. Additional integration options include API and SDK.
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API Integration Fee: $0.00 - $250.00. *This non-refundable fee is collected prior to providing services. It covers the manual labor of integrating your website into our payment gateway and access to PLAID API.
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Risk Premium Fee: $0.00 - $500.00. *This non-refundable fee is collected upon execution of this agreement. It cover risks associated with providing this service including AML & KYC compliance.
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Same day settlement of funds (depending on the time of purchase).
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New Donations Platform: We've launched a powerful platform to streamline a merchants' fundraising and donation efforts. Sign up now to take advantage of the benefits.
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