Pay by Bank for online shops
Pay by Bank, also referred to as Instant Payment, allows buyers to pay for your goods or services directly from their bank account. This enables customers to shop in your online store without using a credit or debit card.
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Bank transfer
FREE
STANDARD
PREMIUM
For the DACH region
The payment method Pay by Bank is ideal for Swiss Comerciante, whose customers are from either Germany or Austria. Here, bank transfer is particularly popular among buyers.
Low fees
In contrast to other payment methods, Pay by Bank proves to be a cost-effective alternative for EU-wide payments: Since the amount is transferred from the bank account, additional credit card fees are eliminated.
Secure Transfer
Thanks to Payrexx's modern, highest possible security standards, you and your buyers benefit from comprehensive protection against fraud attempts or abuse.
Processing by
Payrexx
Type
Bank transfer
Availability
CH
Currencies
All
Payout Currencies
EUR, EUR, USD, GBP, DKK, CAD, AUD
Transaction fees
FREE
STANDARD
PREMIUM
Kanäle
Online
Functions
Limit per transaction
Payrexx Pay
CHF 20,000
Payrexx Pay Plus
CHF 30,000
Documentation
How to activate Pay by Bank
Frequently Asked Questions about Bank Transfer for Online Shops
Answers to typical questions that Comerciante and SMEs have about the payment method bank transfer, including important information on costs, security, and implementation for use in the checkout or online shop.
What does Pay by Bank cost and what is the specific benefit for me?
You typically benefit from low transaction costs because no traditional credit card fees apply. Payrexx specifies a fee of 0.6% or 0.5% per transaction for Pay by Bank depending on the package, with a minimum amount of 0.50 EUR, in addition to the monthly Payrexx fee. From a Comerciante perspective, Pay by Bank is also described as fast, secure, and cost-efficient.
What requirements do I need to meet to activate Pay by Bank in Payrexx?
You need a registered office in Switzerland, an entry in the commercial register or a UID, and a verified Payrexx account.
What is Pay by Bank by Payrexx?
You are thus offering a direct bank payment: customers pay online directly from their bank account, without a credit or debit card. Technically, this is based on Open Banking, with Tink providing the technical solution and Payrexx ensuring the payment flow.
