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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
How fast are Pay by Bank settlements?
Approvely’s Verified ACH offers faster, more predictable settlement times compared to standard ACH. This helps merchants improve cash flow and reduce operational bottlenecks.
Is Pay by Bank secure?
Yes. Transactions use bank-level authentication and open banking protocols. Customers log into their bank directly, significantly reducing stolen-card fraud, credential misuse, and unauthorized transactions.
Does Pay by Bank reduce transaction fees?
Yes. Because payments bypass credit card networks, merchants often see major savings on interchange and processing fees, especially in high-volume or regulated verticals.
How is Pay by Bank different from traditional card processing?
Unlike cards, Pay by Bank removes issuer declines, interchange fees, and card-related fraud. Payments are authenticated through the customer’s bank, giving merchants more approvals, lower costs, and stronger identity signals.
What is Pay by Bank?
Pay by Bank lets customers pay directly from their bank accounts using verified ACH. Funds move securely from bank to bank without card networks, reducing fees, fraud risk, and settlement delays.
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