PayWithMyBank is an online payment alternative that allows customers to log into online banking to pay and get paid, directly from the merchant site.
PayWithMyBank is an online and mobile payment alternative to cards and checks that allows you to pay or get paid using the information you know by heart – your online banking ID and password. We establish a secure connection to your online banking account directly from the site you are on, without ever storing or sharing your information with the site. It’s just between you and your bank.
Your bank authenticates you. We verify your account standing and initiate the payment. We can even autofill shipping forms using your address on file at your bank, saving you significant time.
Payouts, such as insurance claims, have never been easier. Just go to your insurance provider’s site, log into your bank, and accept the deposit. No more waiting for checks in the mail. No more taking pictures of checks or making trips to the bank.
Anyone who banks online can use PayWithMyBank. There’s no account to create, no new password to remember. Your bank provides you with the same security you trust daily for online banking, and you pay or get paid directly with no card numbers to key in or bank numbers to transcribe from a check.
PayWithMyBank reaches more consumers than any other payment type because more people have a bank account than a credit card. Our real-time identity and bank account verification virtually eliminates identity fraud, mis-keying, non-sufficient funds, and other exceptions.
With PayWithMyBank, people enjoy a more convenient and secure payment experience, eCommerce merchants save on payment fees, nonprofits put more donation dollars to their cause, and paper check issuers move disbursements online.
PayWithMyBank clients include:
#1 social network worldwide
#1 e-commerce payments company in the US
#1 money transfer company worldwide
#1 nonprofit in the US
Founded in 2012, PayWithMyBank is located in California’s Silicon Valley. Our Chairman is the former President of American Express’ Consumer Card Group. Our institutional investors include Balderton Capital, Wellington Partners, and TTV Capital.
