See All Shopify Payment Methods
Accept Pay by Bank Payments on Your Shopify Stores
Pay by Bank: A Secure, Cost-Effective Payment Method
What is Pay by Bank?
Pay by Bank is a direct account-to-account payment method offered through Stripe. It allows customers to pay securely from their bank accounts using their banking app. Payments are processed instantly without the need for debit or credit cards.
How does this payment gateway work?
Customers select their bank during checkout and approve the payment using their mobile banking app. The funds are transferred directly from the customer’s account to the merchant’s account, ensuring fast and secure transactions with real-time confirmation.
Supported Currencies & Countries
Pay by Bank supports payments in Euro (EUR), British Pound (GBP), and other local currencies depending on the customer’s bank. It is available in the following countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, United Kingdom, Greece, Croatia, Hungary, Ireland, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, and Slovakia.
Why Shopify merchants should accept Pay by Bank
Shopify merchants using Pay by Bank offer customers a simple and trusted way to pay directly from their bank accounts. The checkout process is faster and easier, reducing abandoned carts and helping merchants receive funds quickly without relying on traditional card networks.
Security and reliability
Pay by Bank is powered by Open Banking technology and uses bank-grade security for all transactions. Customers verify payments using fingerprint, face ID, or their secure bank login, minimizing fraud and eliminating the risk of chargebacks for merchants.
Broader market reach
Pay by Bank connects you to millions of customers across Europe and the UK who prefer paying directly through their bank accounts. By accepting this method, your store gains trust and convenience among users who value secure and seamless transactions.
How to add Pay by Bank to your Shopify store
Integrating Pay by Bank into your Shopify store is simple. Connect your Stripe account, enable Pay by Bank, and start accepting secure payments directly from customer bank accounts. This setup improves checkout efficiency and enhances customer confidence.
Want to enable Pay by Bank for your customers? Contact us today to get started!
Pay by Bank Payments
Simple Setup Process
Installing the MobilePay CartDNA Shopify app is quick and easy—just click install, enter your API credentials, and activate. After purchasing the app license, you can start accepting Pay By Bank payments from your customers instantly.
Reduce Payment Processing Costs
-55% fees compared to traditional card payments. Stripe charges only 1% per successful transaction for Pay by Bank—half the cost of most card payment fees. This allows merchants to increase margins without compromising on customer experience.
Increase Sales and Conversion
+42% sales uplift observed by businesses adopting account-to-account payments. By reducing friction at checkout and offering a trusted, secure payment option, merchants can drive significantly higher conversion rates.
Pay by Bank Shopify App
CartDNA’s Shopify-approved Pay By Bank app integrates directly with Shopify Checkout, works seamlessly with Shopify, and can be used alongside Shopify Payments with no restrictions.
Features
| Payment type | Bank Transfer |
|---|---|
| Merchant locations |
Europe and Russia Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom |
| Currencies |
Settlement currency : EUR, GBP Processing Currency : EUR, GBP |
| Other |
Refunds : ✔️ Partial refunds : ✔️ Multiple partial refunds : ✔️ Chargebacks : ❌ Local entity required : ✔️ |