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Direct Bank-to-Bank Payments
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Enable smooth and secure payments directly from customer bank accounts, bypassing credit card networks for enhanced security and efficiency. This solution supports fund transfers with reduced transaction costs, making it a cost-effective choice.
Verified Transactions
Each transaction is authenticated and verified through Open Banking protocols, which helps in minimizing fraud risk.
Reduced Fees
Save on transaction costs by eliminating intermediaries like card networks. With direct bank transfers, you benefit from lower fees compared to traditional card-based payments, making your operations more cost-efficient.
Key Benefits
Increased Security
Leverage bank-level security to protect both your business and customers during transactions. This approach reduces the risk of unauthorized transactions and supports advanced security features throughout the payment process.
Cost Efficiency
Enjoy significant savings on transaction fees by eliminating middlemen. Our Verified ACH and Open Banking solutions offer reduced complexity.
Faster Access to Funds
Experience quicker settlement times compared to traditional ACH methods. This enables faster access to your funds, supporting improved cash flow management.
“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.”
Sweepstake Operator
Operator | Sweepstake
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Frequently Asked Questions
Does Pay by Bank work alongside card processing?
Yes. Many merchants offer both. Pay by Bank becomes the primary low-cost, high-approval option, while cards remain available for customer preference or fallback.
How hard is it to integrate Pay by Bank?
Approvely makes integration simple with API, hosted checkout, or no-code payment links. Most merchants can go live quickly with minimal development work.
Which industries benefit most from Pay by Bank?
Regulated and specialized sectors, including gaming, sweepstakes, crypto, telehealth, travel, CBD, and ecommerce, gain the biggest advantage thanks to lower fraud exposure, fewer declines, and reduced costs.
Does Approvely support recurring or subscription payments through Pay by Bank?
Yes. Bank accounts don’t expire or change like cards, so recurring billing becomes more reliable with fewer involuntary declines.
Can Pay by Bank reduce chargebacks?
Yes. Direct bank transfers have far lower dispute rates than card payments, which reduces chargebacks, friendly fraud, and long-tail disputes tied to gaming, sweepstakes, and subscription flows.
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