An overview of the payment rails available within Blink to help you get paid
Open banking processes the entire transaction through online banking; in a bank-to-bank rail. Payments enter the business account directly from the customer’s account.
A debit/credit card payment is when a card is used to accept payments from your customers by providing a network that binds cardholders, issuers, merchants, and acquirers for you to get paid.
Once customers have issued a mandate, you can prompt direct debit payments, enabling you to accept recurring payments directly from your customer’s bank accounts.
Direct Debits are direct from bank to bank, so all communications happen between banks.