What payment methods do you offer?

OpenPayd provides access payment methods all over the world, and we’re always looking to add to our list. So far, this includes:

Real-time payment methods: 

• Faster Payments
• SEPA Instant
• PIX
• FPX
• GCash
• POLi
• Open Banking

Additional payment methods: 

• Bacs
• CHAPS
• SWIFT
• SEPA
• ACH

Do you offer Payment Initiation Services (‘Pay by bank’)? 

Yes, you can access Open Banking tools such as Payment Initiation Services through OpenPayd, enabling your customers to initiate a payment directly from their bank account. This keeps payments fast and in-app, removing the need for card details, while also allowing businesses to benefit from reduced transaction fees.

You can find more about Payment Initiation Services here.

What is a payment rail? 

A payment rail is a network or platform that enables the secure and efficient transfer of money between parties. It’s what’s used to take funds from one point to another.

Different countries and territories use different payment rails, with an increasing number of rails being developed that enable payments to be made in real-time. OpenPayd is always expanding the number of local payment rails it offers to keep payment experiences as user-friendly as possible. You can read more about this here.

How long do payments take to settle? 

That depends on the payment rail your business is using, but we offer real-time payments in many countries around the world. Get in touch with more information about your business and we can be more specific on settlement speeds.