Internet Bank Payment

What is it?

A payment method designed specifically for e-commerce where consumers complete payments in real time on their banks’ internet sites. Consumers are redirected from the merchant site to their banks’ internet sites where they log on, complete payment and are redirected back to the merchant with confirmation.

 

Merchant benefits	Consumer benefits	Applicable market
Instant cash flow — no chargeback concerns, higher ticket sizes are better from a cost perspective. Immediate confirmation — merchant receives a real-time message confirming payment. Expands reach — captures sales from consumers who do not have cards. Risk issues — low; no associated fraud concerns.	High level of trust when using bank to make payment. Easy way to make payments online if they don’t want to use a card.	The Nordic countries Germany Netherlands Austria Canada

Interested in Internet Bank Payments? Or in a more cost-effective Internet Bank Payments service?

Contact us to discuss your current program or for a program bid.