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open banking

Accept payments straight from your customers’ bank accounts and get paid with the ease your business deserves.

What is Open Banking?

Open Banking lets customers pay your business directly from their bank accounts, with secure authorisation through their own bank and rather less ceremony at checkout.

  • Leave the card in the walletCustomers pay directly from their bank balance, without entering card numbers or expiry dates.
  • Customers stay in controlCustomers approve payments through their bank using strong authentication in line with PSD2, keeping security and control where they belong.
  • Make room for preferenceAdd Pay by Bank alongside your existing payment methods and let customers be particular about how they pay.
Customer
Funds
Payment card
Documents
Bank
Security

Powerful features
come as standard

Give customers a familiar way to pay, backed by a team that gets down to business.

Fast Settlement

Give incoming payments better things to do than keep you waiting, with faster access to funds for your business.

  • Direct bank transfers: Receive funds directly through SEPA Instant without the usual transfer delays.
  • Money ready for business: Put received payments towards supplier bills and daily operations sooner.

Smoother Checkout

Give customers a payment journey that respects their time, with a smooth experience across mobile and desktop.

  • Built for speed: Customers complete the payment flow in 20 seconds on average, keeping checkout suitably brief.
  • High acceptance rates: Support more successful payments across connected banks, giving good business fewer reasons to stop at checkout.

Lower Payment Costs

Keep more of each payment with a direct bank payment route that leaves card fees and card chargebacks out of the equation.

  • No card scheme fees: Payments move between bank accounts without passing through card networks.
  • No interchange charges: Avoid the interchange fees associated with card payments and protect more of your margin.
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Automated Reconciliation

Keep payment records clear and current, with less manual checking and a better view of incoming funds.

  • Automatic order matching: Match incoming payments to the right orders without checking each transaction manually.
  • Clear payment status: Real-time updates through webhooks keep your systems informed, leaving less room for guesswork.
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Open Banking network connecting a customer to card, risk and document checks

The Right
Connection

Get connected with the technical tools and personal attention your business deserves.

API Integration

Bring Pay by Bank into your existing checkout through a direct API integration.

Bank Coverage

Connect to supported banks and accept payments in available local currencies through one integration.

Expert Support

Work with payment specialists who guide your setup and stay involved beyond introductions.

Frequently Asked Questions

Find answers to common questions about our services.

Card acquiring is a service that enables businesses to accept credit and debit card payments. An acquirer works with card networks and customers’ banks to process transactions and settle funds into the merchant’s account. MADFIN provides online card acquiring, helping businesses accept payments through their website or app.

Yes. As a Principal Member of Visa and Mastercard, MADFIN works directly with both card networks to provide online card acquiring. Your business can accept Visa and Mastercard payments, plus Apple Pay and Google Pay, all under one roof.

Our merchants include businesses in retail, SaaS, travel, education and professional services, where transparent operations and regulatory compliance are essential. We assess each application on its own merits, looking at how the business operates, where it’s based and its payment history to evaluate risk.

We take a bold approach to payments and a serious approach to regulation. MADFIN TECH LTD is a London-based Electronic Money Institution, authorised and regulated by the UK’s Financial Conduct Authority (FCA) under reference number 901017.
View our regulatory details.

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Contact us to find the best fintech service tailored just for your business needs!

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