Top Questions Canadian Businesses Ask About Pay by Bank Solutions

Pay by bank makes it easy for your customers to pay you straight from their bank account, without using a credit card. It is fast, familiar, and can help Canadian businesses cut payment costs and get paid sooner.

What is pay by bank?

Pay by bank allows customers to pay directly from their Canadian bank account using their regular online or mobile banking services. Instead of entering card numbers, they click a secure link, choose their bank, log in, and approve the payment. A popular example is Interac e-Transfer®. 

How does it work with Clik2pay?

With Clik2pay’s pay by bank solution, you share a payment link or QR code in your invoice, text, email, or checkout page. Your customer taps the link, selects their bank, signs in, confirms the exact amount you requested, and then you receive instant confirmation.

Why do Canadian businesses care?

Businesses that offer pay by bank solutions save more than cards and reduce chargebacks and late payments. It is also a good fit for higher-value invoices, subscriptions, and recurring bills where card fees really add up.

Why do customers like it?

Customers do not need to set up a new account or download an app; they just use the bank they already trust. Many also prefer paying from their bank over using a credit card online, especially for larger purchases or bills.

Is pay by bank secure?

Pay by bank uses bank-grade security and the same type of protections customers already rely on in online banking. Multi-factor authentication, encryption, and real-time confirmation all help reduce fraud and errors.

Where can I use pay by bank?

You can add pay by bank to online checkout, invoices, bill reminders, donations, and collections workflows. It works well for eCommerce, professional services, utilities, telecom, non-profits, and any business that sends regular bills.

Want to see what pay by bank can do for your business? Book a demo today: https://clik2pay.com/contact/