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Pay by Bank (IE)
Pay by Bank in Ireland refers to payment initiation services that allow consumers to pay online and in-store directly from their bank account.
Method
Pay by Bank (IE)
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
Payments are direct, verified instantly, and don't require sharing card details, appealing to privacy- and security-conscious consumers.
