Benefits of Open Banking
Leverage PSD2-compliant bank transfers for lower costs and faster processing.
Significantly Lower Costs
Cost per transaction up to 10x cheaper than card payments. No card scheme fees, no interchange fees.
- •Fixed price or percentage fee
- •No chargeback costs
- •Independent of payment amount
Instant Payment Confirmation
Real-time transfer with immediate confirmation. No waiting for settlement, no risk of payment failure.
- •Immediate settlement
- •No chargebacks
- •Reduced fraud risk
Maximum Security
PSD2-compliant Strong Customer Authentication (SCA) directly through customer's bank. No card data to store or process.
- •Bank-level authentication
- •PSD2-compliant
- •No PCI-DSS scope
Seamless User Experience
One-click payment with automatic redirect to banking app. No manual entry of IBAN or account details.
- •Mobile-optimized
- •App-to-app redirect
- •High conversion rates
Use Cases
E-Commerce
Checkout optimization with direct bank transfers
Recurring Payments
Subscription models and recurring payments
Payouts
Fast payouts to partners and affiliates
Availability
Open Banking payments available in over 30 European countries and growing.
European Coverage
- Germany, Austria, Switzerland
- UK, Netherlands, Belgium
- France, Spain, Italy
- Nordic countries (Sweden, Norway, etc.)
- Eastern Europe (Poland, Czech Republic, etc.)
Thousands of Banks
- All major European banks
- Sparkassen & Volksbanken
- Digital banks (N26, Revolut, etc.)
- Regional and local banks