Best Bank Payment Providers

Montonio

Bank / A2A Payments

B

Montonio is an Estonian checkout company, founded in Tallinn in 2018, that sells online payments and shipping to small and mid-sized ecommerce stores in Estonia, Latvia, Lithuania, Poland and Finland. It began with open-banking bank payments, where the shopper picks their bank in the checkout and pays straight from their account. It now also bundles card and wallet payments, Inbank-funded pay later and financing, payment links and a multi-carrier shipping module. Its payment services run under a Bank of Lithuania payment institution licence held by Montonio Finance UAB. As of October 2026, Baltic merchants pay a monthly plan fee of €11.99, €14.99 or €39.99 before VAT. On top of that, a bank payment costs €0.05 to €0.20 and an EU consumer card costs 1.29% + €0.20 or 1.49% + €0.25, depending on the plan. In November 2025 Montonio began moving card processing from Stripe to Adyen; under Adyen, daily card payouts arrive two business days after the sale. Montonio says it serves more than 8,000 merchants with a team of about 65, and it is backed by Index Ventures. The price list is unusually complete and the bank-payment rates are low. On the other hand, the plans make card acceptance compulsory below the €39.99 tier, the general merchant terms are not published, and every card dispute costs €20, which Montonio's help centre now says is not refunded even if you win.

BILL (Bill.com)

Bank / A2A Payments

B

BILL, still widely known as Bill.com, is the largest US accounts-payable and accounts-receivable payments platform for small and mid-sized businesses: 479,300 businesses, $98 billion of payment volume in the quarter to June 2026 and $1.65 billion of annual revenue, run from San Jose by founder René Lacerte since 2006 and listed on the NYSE since 2019. It charges per user — $49, $65 or $89 a month on the Essentials, Team and Corporate plans, custom for Enterprise — plus per-payment fees that it publishes in full: 59¢ per ACH, $1.99 per mailed cheque, free virtual-card and foreign-currency wires, 2.9% to pay or be paid by card, and 1% (minimum $9.99, maximum $100) to send money instantly. Its Spend & Expense card product, the former Divvy, is free. Licensed as a money transmitter in all 50 states, it is a serious, regulated piece of infrastructure; it is also a subscription business with a complicated fee table, uneven support and a stream of complaints about payments held in transit.

GoCardless

Bank / A2A Payments

B

A bank-payments specialist built for recurring billing. GoCardless collects by ACH and other direct debit schemes rather than by card, with published, capped per-transaction pricing — but it processes no card payments at all, and merchant complaints about account freezes and slow support are persistent.

Pricing clarity

4.5

Feature set

3.0

Ease of use

4.0

Rotessa

Bank / A2A Payments

B-

Rotessa is a pre-authorized debit (PAD) and ACH payment service run from Steinbach, Manitoba. Businesses use it to pull scheduled or one-off payments straight from their customers' bank accounts in Canada or the US. It does not take card payments. As of October 2026 its pricing page lists $25 a month plus $0.50 per transaction, a $30 fee for each NSF, stopped payment or 'agreement terms not met' return, and $2 for each online bank verification. There is no setup fee, no cancellation fee and no fixed contract term. The flat per-debit fee is far cheaper than a card percentage on large recurring payments like rent, tuition or retainers. The trade-offs are speed and flexibility. Funds settle five business days after the debit is processed, Rotessa can hold back settlement funds, and after you close the account it can keep what it holds for you until 90 days after your last completed transaction (30 days under its US agreement). You also cannot issue refunds through it. Rotessa Inc. was incorporated in 2010 and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider. It holds an A+ BBB rating with no complaints in the past three years, although there are few independent user reviews to go on.

Wise Business

Bank / A2A Payments

B-

Wise Business is the business version of the Wise multi-currency account, run by Wise, the London company that launched as TransferWise in 2011. A US business pays a one-time $31 fee to open local account details in 22 currencies, and there is no monthly fee. As of October 2026, US pricing makes domestic (non-wire) receipts in USD and eight other currencies free and charges $6.11 for each incoming USD wire or Swift payment. Conversion fees start at 0.23% and depend on the currency, always at the mid-market rate, and same-currency payments between Wise accounts are free. Clients can pay you through payment links, invoices and QR codes. Wise also has a card acceptance feature, priced for US businesses at 2.9% + $0.30 for domestic consumer cards and 4.2% + $0.30 for international and business cards, but Wise says it is currently unavailable to new Wise Business customers. Wise is not a bank: in the US the account is provided by Wise US Inc., a licensed money transmitter, and balances are not FDIC-insured unless you opt in to its interest feature. Its US regulatory record is the main weakness. Wise US settled with the CFPB in 2025 and paid $4.2 million to six state regulators over anti-money-laundering failings, the OCC refused its trust bank charter in July 2026, and a securities class action against Wise Group is pending.

TrueLayer

Bank / A2A Payments

B-

TrueLayer is a London open banking company that sells Pay by Bank: customers pay straight from their bank account through their banking app instead of using a card. Francesco Simoneschi and Luca Martinetti founded it in 2016. It is an authorised electronic money institution with the UK Financial Conduct Authority (FRN 901096), and its Irish subsidiary is a Central Bank of Ireland payment institution that serves the EEA. As of October 2026 the company says it is live in 22 countries, has more than 30 million users and handles over $150 billion a year in payment volume. Its products are one-off bank payments, instant payouts and refunds, recurring payments by variable recurring payment (VRP) or Direct Debit mandate (sold as Bank on File), identity data at sign-up (Signup+) and account data. Its named customers include large merchants such as eBay, Ryanair, Just Eat and Bet365. TrueLayer publishes no prices. Rates are quoted per account, and for merchants using a TrueLayer merchant account its fees come out of that balance each day. One-off bank payments have no card-style chargebacks, which helps merchants and gives customers less recourse; Direct Debit payments are the exception, because they carry the Direct Debit Guarantee. TrueLayer completed its purchase of Zimpler in the Nordics in March 2026 and announced the acquisition of in3 in the Netherlands in May 2026. Its Trustpilot score is poor, but most reviews come from consumers paying through TrueLayer rather than from merchants.

Melio

Bank / A2A Payments

B-

Melio is a US business bill-pay and accounts-payable platform founded in 2018 by Matan Bar, Ilan Atias and Ziv Paz, headquartered in New York with an R&D centre in Tel Aviv. It is not a card acquirer: instead of helping you take money from customers, it moves money out to your suppliers, letting you pay any vendor by ACH, cheque, wire or card even when that vendor accepts none of those, and syncing the result into QuickBooks, Xero or NetSuite. Xero announced its acquisition of Melio in June 2025 and completed it on 15 October 2025 for US$2.5 billion upfront in cash and equity, with up to a further US$0.5 billion payable over three years. Xero's announcement put Melio at 80,000 customers, more than US$30 billion of payments processed in FY25 and US$153 million of FY25 revenue. Melio publishes its entire fee schedule, which is rare in this market and the single strongest thing about it. Against that sits a Better Business Bureau rating of F and a large, consistent body of complaints about accounts suspended mid-payment with funds already in transit.

Ozow

Bank / A2A Payments

B-

Ozow is a South African payments company, based in Cape Town, that started out in instant EFT ('pay by bank') and has since added cards, PayShap requests, bank-app payments, vouchers, crypto and buy now, pay later. It was founded in 2014 as i-Pay by Thomas Pays, Mitchan Adams and Lyle Eckstein, renamed Ozow in 2019, and raised a $48 million Series B led by Tencent in November 2021. As of October 2026 its published Standard package charges 1.5% (minimum R1.00) for pay by bank, Capitec Pay, Absa Pay, Nedbank Direct EFT, PayShap Request and crypto, 2.85% for local cards falling to 2.65% in higher bands, and 3.5% for international cards, with no setup or subscription fee. Payouts and refunds cost R3.00 each. Merchants sign with Ozow itself, which collects funds as their agent and settles them on a schedule: pay-by-bank money once a day, card money typically once a week. Ozow is registered with the Payments Association of South Africa as a system operator and as a third-party payment provider sponsored by seven banks. The weak points are service and stability. HelloPeter rates it 1 out of 5 and Ozow does not respond there. In April 2025 MyBroadband reported that its co-founder and CEO had been suspended amid a dispute with shareholders, and as of September 2026 the company is led by an interim CEO.

Dwolla

Bank / A2A Payments

B-

An API for moving money between US bank accounts, founded in Des Moines in 2008 and one of the earliest companies to make ACH programmable. Dwolla does not touch cards at all: it does standard ACH, Same Day ACH, and instant payments over the RTP network and FedNow, behind a single integration. That is a genuinely useful thing to be able to buy, and Dwolla has been doing it longer than almost anyone. Two things should temper the enthusiasm. It no longer publishes any pricing — the pricing page now says only that terms are tailored to volume, rails and integration — and in May 2026 Dwolla was acquired by NMI, which is folding its capabilities into NMI's embedded payments platform. NMI says it will keep supporting existing Dwolla customers; neither company has said whether the Dwolla brand and product survive the integration. Build on it if bank-to-bank money movement is your requirement, but ask about the roadmap in writing.

Pricing clarity

1.5

Feature set

3.5

Ease of use

3.5

Aeropay

Bank / A2A Payments

B-

Aeropay is a Chicago pay-by-bank company founded in 2017 by Daniel Muller, and it sells something genuinely different from the merchant accounts most of this site covers: it moves money directly between bank accounts over ACH and the instant rails rather than over the card networks. The business is built around four pieces — Aerosync for connecting a customer's bank account, Pay for taking the debit, Payout for pushing money back out, and Guard for risk — and it is sold to industries where cards are either expensive, awkward or refused outright. That history is the important context. Aeropay found its first real traction in cannabis dispensaries, where card acceptance is a persistent problem, and then moved hard into online gaming; by August 2024 gaming was around 80% of revenue. It raised a $20m Series B in May 2024, led by Group 11, and has assembled a credible list of banking and network partners since — Cross River, MVB Bank, Regent Bank, a Worldpay collaboration for gaming, a Skipify checkout partnership and a Jack Henry integration announced in June 2026. The company publishes no pricing at all, and its consumer-facing record is the problem: the Better Business Bureau rates it F, with a pattern-of-complaints alert and complaints about delayed transfers and unresponsive support.

Paystand

Bank / A2A Payments

B-

Paystand is a California B2B payments and accounts-receivable company, founded in 2013 by Jeremy Almond and Scott Campbell, built on a premise that inverts how this industry normally charges: you pay a flat monthly subscription rather than a percentage of every transaction. Its own bank-to-bank network carries payments between businesses at no transaction fee, while card and ACH acceptance are resold at what it describes as pre-negotiated wholesale rates, and the software sits on top automating invoicing, collections and reconciliation against ERP systems like NetSuite. It bought the spend-management company Teampay in April 2024, which took it into accounts payable as well, and it says the combined network now touches more than a million businesses with over $20bn in payment volume processed. In April 2026 it launched USDb, a stablecoin backed one-to-one by dollar reserves and issued on two Bitcoin layers — a genuine strategic bet, and the thing most likely to decide whether a given finance team sees Paystand as forward-looking or as a risk it does not need.

Pricing clarity

1.5

Feature set

4.0

Ease of use

3.0

Trustly

Bank / A2A Payments

B-

Trustly is a Swedish open-banking payments company, launched in Stockholm in 2008, that moves money directly from a shopper's bank account to a merchant's — bypassing the card networks entirely. It is, on its own account, the largest pay-by-bank provider in the world by volume — a ranking no independent source confirms: its full year 2025 results report processed volume up 17.6% to SEK 1,059.0 billion, the first year it has carried more than $100 billion in total payment value, and it passed 120 million users in April 2026. Revenue, however, fell 12% on a constant-currency basis to SEK 2,427.7 million and it made a SEK 565.0 million loss after tax, a year into a 24-month transformation programme. It is regulated in Sweden and the UK, and in February 2022 the Swedish Financial Supervisory Authority issued it a warning and a SEK 130 million fine for serious anti-money-laundering failings. It publishes no merchant pricing.

Pricing clarity

1.5

Feature set

4.0

Ease of use

3.0