For businesses across the UK and Europe, late invoice payments are a persistent drain on cash flow. Pay by Bank Links from Token.io are here to change that — for B2B invoicing, consumer billing, and even personal payment requests.
The Invoice Payment Problem
Whether you're an accountancy platform, a professional services firm, a B2B supplier, or a freelancer chasing a client, the story is familiar: you send an invoice, and then you wait. Traditional payment methods — bank transfers with manual entry, card payments with high fees, or cheques — introduce friction, delay, and cost at every step.
In the UK and across Europe, businesses and individuals lose billions annually to late payments. The solution isn't chasing — it's removing the barriers to paying in the first place.
What Are Pay by Bank Links for Invoices?
Pay by Bank Links are payment links that allow a payer to complete a transaction directly from their bank account, without manually entering payment details or registering for a new service. Token.io's Pay by Bank Links can be embedded directly into an invoice — via email, PDF, or an e-invoicing platform.
When a payer clicks the link, they are redirected to their banking app, where they authenticate using fingerprint or face ID. Beneficiary details are pre-populated. No account numbers, sort codes, or IBANs need to be entered. Payment is authorised and settled instantly.
What are the advantages of Pay by Bank Links for invoices?
Instant settlement, every time. Funds are collected instantly via FPS (UK) or SEPA Instant (Europe) — 24/7, including weekends and bank holidays. No more waiting 1–3 days for card settlements or chasing BACS transfers.
Low cost. Card processing fees of 1.5%–3% add up fast on high-value invoices. Pay by Bank Links offer a low-cost alternative with no chargeback risk and no card scheme fees.
Pre-populated beneficiary details. The beneficiary’s bank details are embedded in the link — payers never have to manually enter account numbers, sort codes, or IBANs. This eliminates misdirected payments and reduces disputes.
Branded, trusted experience. Businesses can customise the Pay by Bank Link landing page and payment screens with their logo, brand colours, and custom messages. This ensures payers experience a seamless, on-brand payment journey that instills trust and confidence.
Instant confirmation for both parties. As soon as payment is made, both the beneficiary and the payer receive real-time confirmation. Payers can optionally download a PDF payment confirmation — ideal for their own records and audit trails.
Reusable links. For invoices issued regularly, embedding a reusable payment link reduces admin and makes it even easier to instantly collect funds on time, every time.
Where are Pay by Bank Links available?
Token.io’s Pay by Bank Links are available in the UK and 20 European markets, including Germany, France, Spain, the Netherlands, Ireland, and more.
Payers don’t need to register for a special account to use Pay by Bank Links. All you need is a UK or EU bank account!
Get Started
Talk to your Token.io partner manager or Contact Sales to learn more.