Cards expire, get lost, or hit credit limits. Bank accounts do not. Since Open Banking relies on the actual balance in a customer’s account and uses direct bank authentication, authorization rates are significantly higher than traditional card-not-present transactions.
Open banking solution for Low-Risk Merchants
Open Banking: The Future of Frictionless Payments for Low-Risk Merchants
In the traditional world of commerce, “low-risk” merchants are often penalized by high credit card processing fees and slow settlement cycles. At Payments Clarity, we believe that being a reliable, low-risk business should come with financial rewards. Our Open Banking Solutions allow you to bypass the outdated card networks and accept payments directly from your customer’s bank account to yours.
Open Banking isn’t just a new feature; it’s a total reimagining of how money moves. By leveraging the latest API technology, we provide a payment method that is faster, cheaper, and more secure than traditional plastic.
What is Open Banking?
Open Banking is a secure banking practice that provides third-party financial service providers (like Payments Clarity) with open access to consumer banking, transaction, and other financial data through the use of Application Programming Interfaces (APIs).
For you, the merchant, this means Account-to-Account (A2A) payments. Instead of a customer entering a 16-digit card number, they simply authorize a transfer via their own trusted banking app.
The Strategic Benefits for Low-Risk Merchants
Drastic Reduction in Processing Costs
Credit card transactions carry a heavy “tax” in the form of interchange fees, scheme fees, and processing markups. Open Banking eliminates the “middlemen” of the card networks. For low-risk merchants with high volumes, switching to A2A payments can reduce processing overhead by up to 30–50%.
Zero Chargeback Risk
One of the greatest “Clarity” benefits we offer is the elimination of the chargeback. Because Open Banking payments are authenticated directly through the customer’s bank (using Biometrics or Multi-Factor Authentication), the transactions are “push” payments.This means the customer cannot initiate a fraudulent chargeback weeks later, providing you with absolute payment finality.
Instant Liquidity and Settlements
Tired of waiting 3 to 7 days for your funds to clear? Our Open Banking solution utilizes “Instant Payment” rails (like SEPA Instant or Faster Payments). In many cases, the funds are settled in your business account within seconds of the customer authorizing the transaction.
Higher Authorization Rates
How the Customer Experience Works
We have designed the flow to be as simple as a card payment, ensuring your conversion rates remain high.
- Selection: At checkout, the customer selects “Pay by Bank” or your branded bank payment option.
- Authentication: They are redirected to their own mobile banking app or online portal.
- Approval: The customer views the pre-filled payment details and approves the transfer using FaceID, TouchID, or a PIN.
- Confirmation: The bank confirms the transfer instantly, and the customer is redirected back to your “Thank You” page.
Why "Payments Clarity" is the Right Partner
Seamless API Integration
Our Open Banking API is designed for developers, by developers. Whether you are using a custom-built site or a standard platform, our documentation is clear, concise, and easy to implement. We provide SDKs that ensure the “Pay by Bank” button looks and feels like a native part of your brand.
Global Connectivity
We provide access to thousands of banks across Europe, & the UK. Our network is constantly expanding, ensuring that no matter where you’re into low-risk or high-risk business grows, your payment infrastructure is already there.
Transparent Data Insights
True to our name, we provide a dashboard that gives you deep visibility into your transaction data. See which banks your customers use most, track settlement times in real-time, and export clean financial reports for your accounting team with a single click.
Regulatory Excellence
Payments Clarity operates under strict adherence to PSD2 (Payment Services Directive 2) and other global Open Banking standards. We handle the heavy lifting of compliance and security so you can focus on running your business.
Ideal Industries for this Solution
We maintain a streamlined but rigorous onboarding process to ensure all partners meet global financial standards.
- SaaS and Subscription Services: Lower your churn caused by expired cards.
- Professional Services: Instant payment for invoices from lawyers, accountants, or consultants.
- E-commerce Retail: High-ticket items where card fees would be prohibitive.
- Utility & Bill Pay: Stable, recurring transfers that don’t depend on credit limits.
Yes. Since the customer never shares their login credentials or card details with you (the merchant), the risk of data theft is virtually zero. All authentication happens within the bank's own secure environment.
No. Our solution is designed to settle into your existing business bank account. We simply act as the secure bridge that initiates the transfer.
Open Banking adoption is growing at over 100% year-over-year. Customers love it because they don't have to find their wallet or type in long numbers—they just use their phone.
Ready to Lower Your Fees?
It’s time to stop paying for an outdated system. Transition your low-risk business to a modern, A2A payment model and see the difference that Payments Clarity can make to your bottom line.