![]() ![]() For some banks, customers also undergo two factor authentication to approve the transaction. Here, the customers are redirected to a giropay banking portal where they provide their bank account details and acceptance for the payment to be deducted from their bank account. Giropay is a bank redirect payment method used in Germany. In 2014, Sofort was acquired by Klarna and Sofort Direct Banking was also made available through Klarna as Klarna Pay Now which lets customers pay online for their purchases using a fast and easy method using their banking details.Ĭurrently, Hyperswitch supports Sofort through the following processors: Sofort, also known as directEbanking, is one of the most popular bank redirect methods in Europe where customers can transfer money from their banking account online. Hyperswitch currently supports the following Bank Redirects: Bank RedirectsĪustria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Netherlands, Poland, Slovakia, Spain, Switzerland, United Kingdom Integrating Bank Redirects on Hyperswitch: The transaction approval step might include two factor authentication in some bank redirects. Post approval, they are redirected back to the shopping page. When customers select one of the Bank Redirects method on the checkout page, they are redirected to their online banking portal where they login and approve the transaction for which money is debited from their bank account. Due to their highly secure nature, bank redirects are used extensively in countries like Germany, Netherlands, Asia, LATAM, etc. Apart from cards (47%) and digital wallets (28%), bank transfer (9%) is the third most used payment instrument in the US 1.īanks as a payment method has several payment flows across the world and Hyperswitch provides support for integrating the below three common flows:īank Redirects are one of the most preferred options for paying online across the world.
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