How Instant Bank Transfer works at checkout
What is Instant Bank Transfer?
Instant bank transfer is a fast and secure way for customers to pay for experiences directly from their bank account. Instead of having to manually input bank account details, this new payment method connects to the customer’s bank directly and verifies the account with biometrics.
Plus, instant bank transfer has lower transaction fees compared to credit and debit cards and chargebacks are non-existent, which makes managing finances and inventory much easier.
Where is Instant Bank Transfer available?
If enabled, instant bank transfer is displayed as a payment option at checkout if the customer meets the following criteria:
- Currency - The customer is booking in EUR or GBP
- Location - The customer is purchasing from Europe or UK; coverage of banks available vary depending on the customer's country
How to enable Instant Bank Transfer
- Go to Settings and navigate to Payments.
- Under Payment methods switch on the toggle for Instant bank transfer.
Instant bank transfer is now enabled at checkout for all products.