Bank transfer payment
new generation
With transfer initiation service, your customers can pay for their purchases in just a few clicks, from their bank account, without having to re-enter their IBAN or wait for processing.
The amount, beneficiary and reference are pre-filled, so all your customers have to do is validate to initiate the transfer.
Initiated via Open Banking, confirmation of the transfer is instantaneous and the payment irrevocable. You collect faster, reduce transaction costs and automate the entire process.
An ideal solution for overcoming the problems associated with card limits. your buyers’ constraints.
The best of bank transfer,
effortless
A payment initiation service to boost your performance
Instant or classic
Send instant or classic transfer requests, which your customers simply validate. Payments are executed in compliance with SEPA protocols.
Automated processing
Each transfer is referenced and traced, limiting human error and enabling fully automated accounting reconciliation and communication tasks (customer and internal).
Highly secure
Transfers are initiated via the payer's own banking environment, within the strict framework of Open Banking and strong authentication protocols (SCA). No risk of fraud or rejection.
For all payment paths
Online transaction or invoice settlement, payment initiation adapts to every activity
E-commerce
Marketplace
Invoices
Debt collection
E-commerces
Merchant companies
Collection services
B2B companies
Make payment initiation
a performance driver
CentralPay makes payment by initiated transfer simple and advantageous for everyone
For you
Get paid more and better, effortlessly
Fast access to funds
With Pay by Bank, the merchant's account is instantly funded.
Easier management
Payment initiation reduces errors (amount, reference) and reconciliation tasks.
Irrevocable
Strong authentication limits the risk of disputes and the associated cost of chargebacks.
For your customers
An unrivalled payment experience
Optimal experience
Requiring only customer validation, this method is ideal for fast payments.
For all targets
Initiated payment is ideal for all baskets up to €250,000.
High level of security
The PCI-DSS standard and the strong authentication protocol ensure a high level of security.
Connect you business solutions
easily
Our payment initiation service
Payment initiation service (or Pay by Bank) offers several advantages:
- Low risk: As the payer is strongly authenticated by his banking application, once the bank transfer order has been approved, it cannot be contested or revoked.
- Instantaneous: the transfer notice is received immediately, and the funds are transferred in just a few hours.
- No credit limit: Unlike credit card payments, payment initiation service is not subject to any amount limit.
Yes. The CentralPay payment account updates the status of your Pay by Bank payments in real time. They can be consulted from your management tool via API or in your BackOffice.
Pay by Bank is based on Open Banking, a principle enabling financial institutions like CentralPay to interact with traditional bank accounts via API :
- You send a payment request to your customer (amount, reference, IBAN)
- Your customer clicks on the CentralPay link and selects his bank
- He is redirected to his banking application to authenticate himself
- He can see the details of the transfer and accept or reject it.
- You will be informed immediately of his reply and will receive the funds by bank transfer.
Yes. Introduced by PSD2 (Payment Services Directive n°2), payment initiation works on the same environment as the other SEPA payment methods, and only allow to request a SEPA bank transfer, in euros, in the European countries of the zone.
What are the advantages of payment initiation service?
Payment initiation service (or Pay by Bank) offers several advantages:
- Low risk: As the payer is strongly authenticated by his banking application, once the bank transfer order has been approved, it cannot be contested or revoked.
- Instantaneous: the transfer notice is received immediately, and the funds are transferred in just a few hours.
- No credit limit: Unlike credit card payments, payment initiation service is not subject to any amount limit.
Can I track the status of Pay by Bank payments?
Yes. The CentralPay payment account updates the status of your Pay by Bank payments in real time. They can be consulted from your management tool via API or in your BackOffice.
How does the payment initiation solution work?
Pay by Bank is based on Open Banking, a principle enabling financial institutions like CentralPay to interact with traditional bank accounts via API :
- You send a payment request to your customer (amount, reference, IBAN)
- Your customer clicks on the CentralPay link and selects his bank
- He is redirected to his banking application to authenticate himself
- He can see the details of the transfer and accept or reject it.
- You will be informed immediately of his reply and will receive the funds by bank transfer.
Are there any geographical restrictions on payment initiation service?
Yes. Introduced by PSD2 (Payment Services Directive n°2), payment initiation works on the same environment as the other SEPA payment methods, and only allow to request a SEPA bank transfer, in euros, in the European countries of the zone.