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Pay by Bank (GR)

Pay by Bank in Greece allows customers to make payments directly from their bank accounts through local banking infrastructure. It supports account-to-account payment flows for online commerce, bills, services and business payments. For merchants, Pay by Bank helps localize checkout and offer a trusted payment option beyond cards.

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
Instant
Recurring
N/A
N/A
Notify when available

Reasons for Popularity

E-commerce growth and demand for faster, more convenient, and secure payments boost interest in pay-by-bank methods.

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Related Resources

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