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Pay by Bank (LI)
Pay by Bank in Liechtenstein is a payment method allowing users to make instant payments directly from their bank accounts without intermediaries.
Method
Pay by Bank (LI)
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
CHF
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Financial stability, fast and secure payments, integration with EU open banking standards, real-time payment capability, and customer-friendly digital banking solutions.
