Blog

As digital commerce grows more competitive, merchants are under pressure to offer seamless, secure, and cost-effective payment methods. But payment methods such as just offering credit cards often fall short - high processing fees, fraud risks, and abandoned carts continue to create friction and eat into margins.

That’s where our Open Banking solution DPMax offers a smarter solution. It simplifies the payment experience while solving many of the biggest pain points merchants face.

1. Lower costs, better margins

Card payments and digital wallets come with a long list of fees - from interchange and scheme charges to processing and fraud-related costs. With DPMax, transactions are initiated directly from the customer’s bank account. There are fewer intermediaries, which means significantly lower costs for merchants especially for cross-border payments into Europe.

2. Say goodbye to chargebacks

Fraud and chargebacks are a costly headache. DPMax is built on the Open Banking system with Strong Customer Authentication (SCA) embedded by design. That means every transaction is verified directly by the customer’s bank, reducing the risk of fraud and virtually eliminating chargebacks.

3. Fewer failed payments

Card declines are a major source of lost revenue, often due to outdated or blocked cards, credit limits, or incorrect details. With Pay by Bank, those issues disappear. Customers simply approve the payment via their trusted banking app, and the funds are transferred in real time. 

4. Faster settlements

Pay by Bank means faster access to your money. Unlike card payments, which can take days to settle, Open Banking-enabled transfers typically settle within hours. That’s better cash flow, less waiting, and more agility for your business.

5. Built for global expansion

As a merchant looking to expand into Europe, local payment preferences matter. Bank transfers are among the most trusted methods in markets like Germany, the Netherlands, and the Nordics. Offering Pay by Bank helps you localize your checkout and meet customer expectations. 

Merchants no longer need to offer every payment method there is. With Pay by Bank, you gain a fast, secure, and cost-efficient solution that’s built for the way customers want to pay today - especially in Europe.

Ready to streamline your payments? Pay by Bank is the upgrade your checkout has been waiting for.

Talk to our team: sales@alternativepayments.com