Pay by Bank for online stores
Pay by Bank, also known as Instant Payment, allows buyers to pay for your goods or services directly from their bank account. This way, customers can shop in your online store without needing 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 Comerciantes whose customers are either from Germany or Austria. Here, bank transfer is particularly popular among buyers.
Low fees
Unlike 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, maximum 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
Channels
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 is the cost of Pay by Bank and what is the specific advantage for me?
You typically benefit from low transaction costs because no traditional credit card fees apply. Payrexx quotes 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 the merchant's perspective, Pay by Bank is also described as fast, secure, and cost-effective.
What requirements must I meet to activate Pay by Bank in Payrexx?
You need a business address in Switzerland, a commercial register entry or a UID, and a verified Payrexx account.
What is Pay by Bank from Payrexx?
You offer a direct bank payment: customers pay online directly from their bank account, without credit or debit cards. Technically, this is based on Open Banking, with Tink providing the technical solution and Payrexx ensuring the payment flow.