Merchants Can Now Accept Direct Bank Payments from Customers in Six Additional Countries.
Segpay, a global leader in digital payment processing, announced that it has expanded its Pay by Bank service to eight European markets. „The payment option, previously available in the United Kingdom and Germany, is now available in Belgium, Finland, France, Ireland, the Netherlands and Spain.” – according to the press release.
Pay by Bank gives customers a way to pay directly from their bank accounts without using a credit or debit card. Powered by TrueLayer, the service uses real-time payment networks, including SEPA Instant in the European Union and Faster Payments in the UK.
„Not every customer wants to pay with a credit card, and we want to make sure our merchants have options. Pay by Bank gives them another way to accept payments, without the chargeback concerns that come with traditional card transactions.” – said Cathy Beardsley, President and CEO of Segpay
„With Pay by Bank, customers select their bank and approve the payment through their banking app, usually using Face ID or a fingerprint. There’s no need to enter card information. Customers receive confirmation of their purchase within seconds. Because payments are authorized directly through the customer’s bank, merchants don’t have to deal with traditional card-network chargebacks. The service also supports refunds.” – the company explained.
Pay by Bank is available for one-time purchases in GBP and EUR, including Segpay’s One-Time, Digital Purchase and Dynamic Pricing billing models. Recurring payments are not currently supported.
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Segpay is a pioneer in digital payment processing, offering custom solutions including payment facilitator, direct merchant accounts and secure gateway services. The company specializes in online credit card processing for e-commerce and subscription services for global merchants. Segpay provides secure turnkey solutions to accept online payments, with a guarantee that funds are always safe and protected with its proprietary Fraud Mitigation System™ and unmatched customer service and support
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