What is Direct Bank Transfer?
Based on the PSD2 Open banking API, Direct Bank Transfer is the new solution for bank transfers by Deutsche Bank and MultiSafepay. Direct Bank Transfer is an innovative ecommerce solution that allows instant fund transfer in the SEPA area between consumers and webshops.
Direct Bank Transfer and MultiSafepay
MultiSafepay and Deutsche Bank partnered to provide an innovative payment method based on the PSD2 Open bank API. Direct Bank Transfer combines security and automation for a simplified payment process and optimizes the user experience for instant fund transfers.
How does Direct Bank Transfer work?
The consumer authorises the bank transfer in his/her trusted banking environment during the checkout process. The consumer selects Direct Bank Transfer, provides secure two-factor authentication and completes the payment.
Direct transfer of funds completely integrated in your checkout
Complete your checkout with Direct Bank Transfer
Allow your consumers to authorise a bank transfer in their trusted banking environment by offering Direct Bank Transfer. This innovative solution reduces cost and risk, enabling faster settlement and providing simplified reconciliation.
Benefits of Direct Bank Transfer
- Faster settlements
- PSD2 and SCA compliant
- Reduced risk and fraud
- Simplified reconciliation
- Trusted banking environment for consumers
- Completed in the checkout process
Free e-commerce plug-ins from MultiSafepay
This payment method is offered in our free e-commerce plug-ins including Magento 1, Magento 2, Woo-Commerce, Opencart, Prestashop, VirtueMart, Hikashop, Drupal, OsCommerce, CS-Cart, XCart, ZenCart, Lightspeed, Shopify, Shopware, CCV shop, Cubecart, Django, Ecwid, LogiVert, Mywebstore, ORO commerce, OsCommerce, SANA commerce, Ubercart, Wordpress Ecommerce, X-Cart, XT-commerce.
Costs and rate for your webshop
The cost of this payment method consists of a fixed amount per transaction and has no variable costs. The rate depends on the monthly webshop turnover. Curious about the costs for your webshop? Calculate your rate immediately.