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Pay by Bank (IE)

Pay by Bank in Ireland enables account-to-account payments using local banking infrastructure. It allows customers to authorize payments directly from their bank account, making it relevant for e-commerce, services, subscriptions and invoices. For merchants, Pay by Bank can provide a secure local alternative to cards and help support bank-based customer preferences.

Method
Pay by Bank (IE)
LPM Market Share
11%
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

Payments are direct, verified instantly, and don't require sharing card details, appealing to privacy- and security-conscious consumers.

Related Resources

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