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It is an online payment method that allow customers to directly initiate payments from their bank accounts within an online environment.

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How It Works

  • The customer has to select their bank.
  • They are then redirected to their online banking environment (or a secure third-party platform).
  • Within their banking environment, they authenticate the payment (e.g., with a password, fingerprint, or one-time code).
  • Once authenticated, the payment is instantly transferred to the merchant.

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Where It Works

Europe (28 EU countries) Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Poland, Portugal, Romania, Sweden, Slovakia.

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Payment Method type

Users can use the below payment method type to create a transaction using Bank Initiation in the available geography
  • Europe: bank_initiation_eur

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Functionality

FunctionalityYes/NoDescription
Refund Support
Full Refund✅
Partial Refund✅
Generally Available✅
Disputes and Chargebacks✅Usually raised from police complaints

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Limits and Expiration

The following is the upper and lower limits for Bank Push transactions:
  • Minimum Limit: USD 0.5
  • Maximum Limit: USD 100000
There is no default expiration for a transaction.

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User Experience

Redirect Experience (Embedded flow) For more details, click here