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Direct Bank-to-Bank Payments
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Pay by Bank gives businesses a more direct path to payment acceptance by moving funds straight from customer bank accounts. Approvely helps make that experience smoother, more modern, and better aligned with businesses looking to reduce reliance on traditional card rails.
Verified Transactions
Direct bank payments should offer more than an alternative checkout method. Verified payment flows help create stronger transaction confidence, better visibility, and a more controlled payment experience from initiation through completion.
Reduced Fees
For many businesses, Pay by Bank creates an opportunity to reduce unnecessary processing costs tied to traditional card-based payments. Approvely helps businesses support more efficient payment movement while improving how costs are managed over time.
What This Supports
Stronger Payment Control
Direct bank payments give businesses a more controlled way to move money, with less dependence on traditional card networks and better alignment with how funds are collected and managed.
Better Cost Efficiency
By shifting certain transactions away from higher-cost payment rails, businesses can improve transaction economics and build a more efficient payments mix over time.
Faster Access to Funds
Pay by Bank can help improve how quickly funds move through their payment environment, supporting stronger cash flow visibility and more efficient operational planning.
“Working with Approvely was critical to the success of our brand. Their speed and dedication to our team and company during the challenging period were remarkable. We are extremely grateful to them. We have found a rare partner in the payments ecosystem who understands unique markets like ours, and we are excited about our partnership. Their platform, with its focus on secure transaction processing and advanced security features, is far superior to anything else we have seen.”
Sweepstakes Operator
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Frequently Asked Questions
What is Pay by Bank?
Pay by Bank lets customers pay directly from their bank account instead of using a credit or debit card. For merchants, that means a more direct payment path with lower card dependence, reduced transaction costs, and a more controlled way to move funds.
Does Pay by Bank work alongside card processing?
Yes. Many merchants offer both. Pay by Bank can serve as a lower-cost payment option, while cards remain available for customer preference, broader checkout flexibility, or fallback scenarios.
Can Pay by Bank reduce transaction fees?
In many cases, yes. Because Pay by Bank bypasses traditional card networks, merchants can reduce costs tied to interchange and card processing. This can be especially valuable in high-volume or margin-sensitive environments.
Can Pay by Bank reduce chargebacks and fraud?
Pay by Bank can help reduce some of the risks commonly associated with card payments. Because transactions are authenticated through the customer’s bank, merchants often see lower dispute exposure, reduced fraud risk, and fewer long-tail chargeback issues.
How is Pay by Bank different from traditional card processing?
Unlike card payments, Pay by Bank moves funds directly between bank accounts. That can help reduce card-related fees, lower dependence on issuer approvals, and create a more efficient payment experience for businesses focused on cost control and transaction reliability.