More Payment Methods

MyBank

Bank Transfer

MyBank is the pan-European solution designed by EBA Clearing for domestic and cross-border e-commerce payments. It enables consumers to pay for their online purchases in an easy and safe way using real-time bank transfers. MyBank positions itself as a flexible solution for both B2B and B2C businesses: over 250 banks and PSPs have joined the MyBank network throughout Europe. It is an especially popular payment method in Italy and has a potential consumer base of 40 million consumers across Europe. Consumers complete payments by selecting their bank and logging in with their online banking credentials.

MyBank

Features

  • Coverage Area
    Customer
    Global (must hold Italian bank account)
    Merchant
    Global
  • Channel
    Online
  • Currency
    Consumer Currency
    EUR
    Processing Currency
    EUR
    Settlement Currency
    EUR
  • Transaction
    Minimum Limit
    EUR 0.01
    Maximum Limit
    EUR 999999999.99
    Payment Timeout
    30 minutes
  • Feature
    Scheduled Payment
    no
    One-click Payment
    yes
    Refunds
    yes
    Partial Refunds
    yes
    Multiple Partial Refunds
    yes
    Payment Guarantee
    yes
    Refund Risk
    yes

Why ChooseMyBank？

  • Italians make 11% of online payments by bank transfer (PPRO Almanac); MyBank allows transactions of any amount as long as funds are available, with no risk of chargeback.

    Italians make 11% of online payments by bank transfer (PPRO Almanac); MyBank allows transactions of any amount as long as funds are available, with no risk of chargeback.

  • According to MyBank, 2022 was a record year for them, having processed transactions worth €10 billion — that’s a 38% increase on the previous year.

    According to MyBank, 2022 was a record year for them, having processed transactions worth €10 billion — that’s a 38% increase on the previous year.

  • MyBank processes around €30 million transactions daily and updates both parties, customer and merchant, in real-time; giving complete peace of mind.

    MyBank processes around €30 million transactions daily and updates both parties, customer and merchant, in real-time; giving complete peace of mind.

How It Works?

  • At online checkout, the consumer chooses MyBank as the preferred payment method
    Merchant

    01

    At online checkout, the consumer chooses MyBank as the preferred payment method

  • The consumer chooses their bank for payment
    Payment Methods

    02

    The consumer chooses their bank for payment

  • The consumer enters the payment details and confirms the transaction
    Online Banking

    03

    The consumer enters the payment details and confirms the transaction

  • Payment is confirmed
    Merchant

    04

    Payment is confirmed

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