Do you know that you can pay online directly from your current account, without a card?
At CorvusPay, we’re dedicated to streamlining payments for the convenience of both merchants and customers. This is why we introduced the CorvusPay by IBAN service – a direct payment solution from customers’ current accounts using IBAN. Enabled by the PSD2 framework, this exclusive service is offered by licensed companies, with CorvusPay proudly being the first Croatian entity authorized by the Croatian National Bank (HNB).
What you need to know as a customer?
- Simplified payment process: Enter your IBAN and complete identity verification.
- Requirements: Ensure you have online or mobile banking with a bank connected to CorvusPay.
- Versatile usage: Make direct payments on web shops and mobile apps supporting this service.
- Transparent costs: Transaction fees match those of online or mobile banking.
- Instant transfers: Enjoy immediate money transfer if both you and the merchant use the same bank, speeding up order delivery.
What’s important for web merchants?
- Instant transactions: Facilitate instant transfers between accounts held in the same bank through CorvusPay.
- Cross-bank transfers: For different banks, transactions occur within the National Clearing System (NKS) cycle, thrice daily on business days. Future adoption of the instant scheme will ensure immediate funds transfer.
- Automated updates: Receive transaction execution statuses applicative, allowing seamless automation of goods or service deliveries without waiting for bank statements.
- Cost-effective: Benefit from lower service fees compared to card payments, eliminating additional bank-related expenses.
I hope you find this blog helpful. Until the next post, enjoy navigating through the world of faster and simpler payments.
Best regards,
Edgar