Bank transfer payment methods

Bank transfer payments move money directly from the shopper’s bank account to the merchant — either a transfer the customer sends with a reference, or an instant scheme such as SEPA Instant, Faster Payments, PIX or UPI. There is no card network in between, so fees are low and there are no chargebacks, but refunds and matching payments to orders need references or virtual accounts.

Explained in the glossary: Settlement · Open Banking · Virtual IBAN · Alternative Payment Method (APM) · Account-to-Account (A2A) Payments

Which bank transfer payment methods are there?

PaymentsDatabase lists 139 options: Orca, PayPal, HiPay, MuchBetter, MiFinity, Rapyd, Nuvei, Airwallex, dLocal, Neteller and 129 more.

What is similar to Bank Transfer?

Cash, Card Issuance, ATM, Cards, Gateway, Wallet, Open Banking and Direct Debit — ranked by how many of the same providers support them.

Compiled from public sources. How we compile this