Real-Time Bank Transfer

Introduction

Real-Time Bank Transfer is a payment method that allows customers to transfer funds directly from their bank accounts to merchants, ensuring immediate confirmation and availability of funds. This method is secure and fast, eliminating intermediaries and delays often associated with traditional bank transfers. Real-Time Bank Transfer is especially useful for time-sensitive purchases and high-value transactions, providing a seamless payment experience for customers.

Merchants can leverage KontoCloud to integrate this payment method, supporting various markets and enhancing payment flexibility. For details, refer to the Real-Time Bank Transfer Payment Options Guide.

Workflows and Transaction Types

Integration Flow for Merchants

Merchants integrate Real-Time Bank Transfer using KontoCloud's APIs by following these steps:

• Payment Initiation: The merchant sends a transaction request through the API, providing necessary payment details such as amount, currency, and customer reference.
• Customer Redirection: The customer is redirected to their online banking portal, where they log in and authorize the payment.
• Immediate Authorization Confirmation: Upon successful authorization by the customer, KontoCloud provides real-time confirmation to the merchant, enabling instant updates to the order status.

For full integration details, see the Authorization Guide.

Capture Process

Real-Time Bank Transfer transactions are usually captured immediately after authorization, but merchants may configure delayed captures depending on their business needs. The capture process includes:

• Sending a capture request through the API.
• Verifying settlement of funds in the merchant’s account.

Detailed steps are available in the Capture Guide.

Technical Account

Real-Time Bank Transfer is managed using KontoCloud's technical account APIs to provide additional functionalities such as:

• Payment Status Queries: Merchants can query the status of transactions in real-time to verify their lifecycle state (e.g., Pending, Authorized, Captured).
• Error Handling: Response codes from technical account APIs enable troubleshooting and resolving transaction failures efficiently.
• Reporting Tools: Merchants can access reporting endpoints to analyze Real-Time Bank Transfer performance and reconciliation data.

For further technical documentation, visit the Technical Account Payment Options Guide.