Take payments directly from your customers' bank accounts with Pay by Bank speed and security via open banking.
Payments are authorised securely through their own bank, confirmed in real time, and settle instantly into your account.
FCA Authorised Payment Institution. Built on UK Open Banking.
Pay by Bank is an Open Banking payment method that lets customers pay straight from their bank account, without using cards or sharing sensitive details. The payment is initiated by the customer and authorised by their bank, giving you immediate confirmation that funds are on the way.
It's designed for one-off payments where speed, certainty, and low cost matter, including invoices, deposits, in-store payments, and higher-value online transactions.
Want to see the Pay by Bank experience from your customer's point of view? We can send you a link to make a 10p payment to the Wonderful demo account. Simply choose how you'd like to receive the link (you can select more than one):
Take payments wherever you are.
Built for real-world, one-off payments
Your money, immediately.
Because late payment cripples small businesses.
Wonderful works best for:
The Wonderful team writes about Open Banking payments technology: from cost savings, security and settlement improvements, to third party integrations, fintech regulation and mobile apps.
What is the cheapest way for small businesses to accept payments in the UK? This in-depth guide compares card fees vs Pay by Bank, including real costs, settlement times, and practical decision frameworks.
Kieron James
Pay by Bank is often misunderstood. This is what your customers actually see and do when they make a payment, and why it's simpler than most expect.
Kieron James
Card payments feel simple, but the true cost to small businesses is often far higher than expected. Here’s what you’re really paying, and what a viable alternative looks like.
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Clear plans, no long contracts, no hidden fees.
Start taking payments without committing to large volumes upfront.
If you need deeper integration:
Use only what you need.
Start taking Pay by Bank payments today, with instant settlement and proper support.
FCA Authorised Payment Institution. Built on UK Open Banking.