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Pay by Bank (GR)
Pay by Bank in Greece leverages open banking APIs to allow customers to make payments directly from their bank accounts at checkout, offering instant settlement.
Method
Pay by Bank (GR)
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
EUR
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
E-commerce growth and demand for faster, more convenient, and secure payments boost interest in pay-by-bank methods.
