Similarly to iDeal in the Netherlands, Giropay and Sofort in Germany, and Trustly in Sweden, PayWithMyBank is an online payments service that enables a US customer to pay a merchant with their online banking ID and password.
To make a payment, the customer signs into their bank in a secure window within the e-commerce merchant website or app, chooses the specific account they want to use for the payment, and confirms. The solution supports one-time payments, subscriptions, installments, and payouts. Payments are settled over ACH (Automated Clearing House), the US bank-to-bank funds transfer network.
For more information about Limonetik, please check out a detailed profile of this company in our dedicated, industry-specific online company database.
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