Bank Transfers

A bank transfer is a highly secure and popular payment method available in many countries.

After a consumer selects their bank package, they can copy the payment instructions in their bank package interface (which opens in a pop-up window). This payment option enables the users of over 150 different online banks to make online transfers in a very user-friendly and familiar way.

Payment Process

Inevitably, with bank transfers there is a delay of several days between the initial sale and the payment settlement. Up to 95% of payments are reported back to the merchant within 7 days. However, the speed of this process depends on the country where the consumer lives and the speed of the national interbank payment network within that country. When the amount is received, we reconcile it against the original order and notify the merchant.

Merchant Benefits

• Target customers without a credit card, but who have a bank account
• No reversal or fraud risk!
• No interchange percentage for a low processing cost

Matching Process

GlobalCollect matches on the basis of:

1. Payment reference (automatic matching)
2. Surname or company name and city (manual matching)
3. Payment inquiry & proof of payment (manual matching)
4. Reporting of matched payments

Availability

Local GlobalCollect bank accounts available in 56 countries. Where do we accept this payment method? Check the interactive map!

Resources

Bank Transfer Payment Process
Boleto Bancaro (Brazil) Brochure
Card Currencies and Availbility
Local Payment Methods Available