Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

Pay by bank

Pay by bank is one of the popular alternative payment methods in the UK, allowing customers to pay directly from the existing bank accounts with a user-friendly, secure, and cost-effective payment experience.

Properties

The properties of the Pay by bank payment method are shown in the following table:

Payment type

Online banking

Acquirer

AlipayUK

Acquiring region

UK

Payment flow

Redirect

Checkout Payment

✔️

Buyer country/region

UK

Auto Debit

Funds deduction

Real-time

Refund

✔️

Processing currency

GBP

Partial refund

✔️

Minimum payment amount

0.99 GBP

Chargeback/Dispute

Maximum payment amount

15,000 GBP

Refund period

365 days

User experience

The following figure shows the journey of paying with Pay by bank:

image.png

  1. Users select Pay by bank to pay.
  2. Users select a bank to make a payment.
  3. Users are redirected to the bank app or webpage. Check the order information and complete the transaction with bank account verification.
  4. Users receive the payment result via SMS sent by the bank.
  5. Users are redirected back to the merchant result page.