Pay by Bank
Pay by Bank is one of the popular alternative payment methods in the UK and EU, allowing customers to pay directly from the existing bank accounts with a user-friendly, secure, and cost-effective payment experience.
Properties
The properties of the Pay by Bank payment method are shown in the following table:
Payment type | Online banking | ||
Funding source | Bank account | ||
Acquirer | AntomEU, AntomUK, AntomSG, AntomHK, AntomUS | Merchant entity location | EEA, UK, SG, HK, US |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | United Kingdom, Spain, France, Germany | Partial refund | ✔️ |
Processing currency | GBP (United Kingdom); EUR (Spain, France, Germany) | Chargeback/Dispute | ❌ |
Minimum payment amount | 0.01 GBP; 0.01 EUR | Refund period | 365 days |
Maximum payment amount | Unlimited | Time to return payment result | Real-time |
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following figures show the journey of paying with Pay by Bank:
- The buyer selects Pay by Bank to pay.
- The buyer selects a bank to make a payment.
- Display the QR code to the buyer in the merchant page.
- The buyer opens the bank app to scan the QR code.
- The buyer is redirected to the bank app or webpage to check the order information and complete the transaction with bank account verification.
- The buyer is redirected back to the merchant result page.
Supported online payment integrations
Antom offers a range of integration options tailored to each payment method. Each payment method may support different online payment integration options, allowing for flexibility based on your business requirements. The table below provides detailed information about the specific integrations available for each payment method:
Supported online payments | Supported integrations |
One-time Payments | ✔️ API-only ❌ Hosted Checkout Page ❌ Embedded Checkout Page ❌ Mobile Element ❌ Web Element ❌ Payment links |
Tokenized Payment | ❌ |
Subscription Payment | ❌ |
EasySafePay | ❌ |
Scan to Link | ❌ |
Integration considerations
The following section outlines integration considerations for various payment types, detailing customized integration solutions and payment method features.
Pre-front solution
The differences between the standard solution and the optimized solution:
- Standard solution: The buyer is redirected to an Antom hosted page to select their preferred bank.
- Optimized solution: The buyer can directly select their preferred bank on the merchant's website page, eliminating the need for redirection and thereby reducing buyer drop-off.
- Specify the paymentMethodMetaData.bankIdentifierCode parameter in the pay (One-time Payments) API request to indicate a specific bank.