Direct Bank Transfer is an open banking solution that allows customers to make secure payments directly from their bank accounts using familiar authentication methods. 

The service utilizes two-factor authentication (2FA), requiring customers to verify their identity through methods such as one-time passwords (OTP), fingerprints, or facial recognition, ensuring that only authorized users can complete transactions. 

Direct Bank Transfer supports a variety of transactions, including one-time payments, and is designed to replace traditional methods like Sofort and Giropay. 

By allowing customers to pay directly from their existing bank accounts, Direct Bank Transfer simplifies the payment process, leading to higher conversion rates as customers are more likely to complete their purchases without needing additional accounts or cards. 

Transactions are typically processed instantly or within minutes, providing merchants with quick validation of funds. Settlement times will align with the defined timings for all other payments to merchants. 

Direct Bank Transfer generally offers competitive pricing compared to traditional payment methods. For detailed pricing information, please contact our sales team. 

Integration is straightforward, with options for Payment Page Components , server-side integrations, APIs, SDKs, and plugins. Detailed documentation is available to guide merchants through the process.