Open Banking processes the entire transaction through online banking; in a Bank-to-Bank rail, payments enter the business account directly from the customer’s account.
A Debit/Credit Card payment is when a card is used for merchants to accept payments from their customers, by providing a network that binds cardholders, issuers, merchants, and acquirers for the merchant to get paid.
Once customers have issued a mandate, the merchant can prompt Direct Debit payments, enabling merchants to accept recurring payments directly from their customer’s bank accounts.
Direct Debits are direct from bank to bank, so all communications happen between banks.
Request A Payment
Select one of the above 3 options to learn more about the different payment rails Blink offers, our Request a Payment and Requested Payments pages.