Banked is a real time payments platform that facilities account to account bank transfers in real time. You can do this simply via our hosted checkout, implement an embedded checkout, or create a completely customised experience with our API.
Unlike existing card payment rails, transactions with Banked can move directly and in real-time. This is a far cheaper and more efficient way of moving money than the current payments infrastructure. Fraud is minimised and chargebacks are eliminated.
Hosted, embedded, and API checkouts are essentially different levels of customisation. If you want to simply plug in and go, our hosted checkout is for you. If you want to add your own branding, try our embedded checkout. If you want to create an entire customised experience, and just want access to our payment rails, then use our API keys to create your own beautiful checkout experience from scratch.
You will receive a monthly invoice sent via email with a breakdown of all transactions processed within the month and the associated transaction fee due to Banked.
No, as Banked is regulated by the FCA as a PISP, this means your company is covered by our license.
Not right now, but this is on our roadmap.
At checkout, when a customer chooses Pay by Bank : as their payment method, they will be asked to select their bank from there can authorise the transaction via their mobile banking app or to continue through to their desktop banking site. One the transaction is authorised, they will be redirected back to the checkout page. No card details or personal financial information is shared.
You could be up and running within a few hours.
An initial limit will be set on your account of £10,000. You can request this to be increased up to £250,000 by contacting our support team, however please note, most banks impose their own limit, we suggest checking with your bank to confirm their specified amount.
Sent: The payment has been sent, the money has left the users account, cannot be recalled and is within the Faster Payments network
Failed: The payment has failed, there are several reasons for this.
Pending: The users bank has accepted the payment and is processing it
Awaiting provider: A Banked payment link has been generated, but the user has not selected a provider
Awaiting payment consent: The user is in the authorisation process with their bank
Yes, Banked is regulated by the FCA. Company number 11047186, firm reference number 816944.
Yes. Security is paramount to Banked and, in compliance with PSD2, multi-factor authentication is part of every transaction processed.
Banked Ltd is authorised and regulated by the UK Financial Conduct Authority
Ground Floor, Finchale House
, Belmont Business Park
, Durham, England, DH1 1TW
Company number 11047186
: Firm Reference Number 816944
: +44 (0) 20 3597 4496
© Banked : 2021