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Pay by Bank (CZ)

A payment method where shoppers pay directly from their bank accounts via account-to-account payments enabled by PSD2 regulations and open banking frameworks.

Method
Pay by Bank (CZ)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
CZK
Authorization
speed
Instant
Recurring
N/A
N/A
Notify when available

Reasons for Popularity

Widespread online banking use, regulatory support, consumer trust, and the continuing growth of digital and contactless payment habits.