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Pay by Bank in Portugal for ecommerce merchants

Accept bank-authorised payments from Portuguese customer accounts with Wallid. Connect Pay by Bank to Shopify, WooCommerce or a custom API checkout, alongside the payment methods your customers already use.

Where Pay by Bank fits alongside Portuguese payment methods

MB WAY, MULTIBANCO references and Pay by Bank give the customer different steps. Approval in an app alone does not identify the payment method: MB WAY approval and authorisation through a bank's open-banking interface are separate flows. Wallid Pay by Bank does not by itself add MB WAY or MULTIBANCO acceptance.

Where Pay by Bank fits alongside Portuguese payment methods
Payment optionHow the customer paysWhat to compare as a merchant
MB WAYConfirms a payment request in the MB WAY app.Merchant acceptance price, approval window and the payment status returned to the store.
MULTIBANCO referencePays a generated reference through a supported channel outside the checkout. Confirmation follows asynchronously.Reference validity, unpaid-order handling, confirmation and matching to the order.
Manual bank transferOpens banking separately and sends money using the details provided.Transfer charges, correct reference, statement checking and when stock is released.
Wallid Pay by BankChooses a bank and authorises the account payment through the bank's flow.Payer-account choice, total fee, order-linked status and the agreed fulfilment rule.

A practical order and payment workflow

Consider a furniture order reserved for a customer in Portugal. The store needs a reliable next step whether the customer pays now or leaves the payment unfinished.

A practical order and payment workflow
StepPayment workflow
1Create the order and a payment request with an order reference.
2The customer selects a bank and authorises the payment in its banking flow.
3Associate the returned payment status with the order. Keep incomplete or unsuccessful payments out of the fulfilment queue.
4Release the order under your agreed payment-confirmation rule. Handle expiry and any later payment consistently, so an abandoned attempt does not become a duplicate order.

Agree what each payment status means before using it to dispatch goods. A customer returning from bank authorisation is not, by itself, proof that funds have reached the merchant account.

EUR fees: calculate the actual order cost

Wallid's published standard EUR fee is 1% + €0.30 per successful payment. A successful EUR refund is charged separately at the same rate. Applicable VAT and platform fees are additional; Shopify third-party transaction fees may also apply.

EUR fees: calculate the actual order cost
Successful paymentStandard Wallid payment fee
€50€0.80
€100€1.30
€1,000€10.30
€10,000€100.30

These examples show why a larger order needs a full cost comparison: the percentage component still grows with the amount. Pay by Bank is not guaranteed to cost less than MB WAY, MULTIBANCO, cards or a manual transfer. Compare the quoted merchant charges, refunds, platform costs and payment-matching work at your order values and volumes. A customer's free transfer allowance is not a merchant acceptance tariff. See Wallid pricing for commercial conditions and volume enquiries.

Euro transfers and payment timing

For a EUR checkout, separate the payment journey from the transfer rail. Banco de Portugal describes traditional interbank transfers and instant transfers with different execution timelines; instant transfers are designed to make funds available within ten seconds at any time of day. That timing does not establish that every Wallid payment uses an instant route or that every order status means settled funds.

Use the payment-status and funds-availability rule agreed for your checkout when releasing stock. The buyer selecting a Portuguese bank does not by itself determine when the order is ready for dispatch.

Larger baskets and B2B supplier payments

For stock replenishment, a furniture purchase or a service deposit, connect the payment to the right order or invoice and calculate the charge at the full amount. A €10,000 payment has a standard Wallid fee of €100.30 before applicable extras; a percentage-based tariff is not a flat invoice fee.

A company account also has its own access rights and signing rules. A bank's business login does not mean every user can authorise the same amount or complete a multi-signature instruction through checkout. Establish the payer account, authorised signatory and amount limits before relying on the payment for a supplier order. Keep manual exceptions clear for the finance team.

Specialist and higher-risk businesses

A specialist merchant serving Portuguese customers may want an additional bank-authorised payment option alongside MB WAY, MULTIBANCO or cards. Explore Wallid Pay by Bank for specialist and high-risk merchants for the payment workflow. The existing Portuguese article on payment-provider rejection covers that narrower local question.

Choose an integration

Choose an integration
Your storeWhat the integration connectsExplore
ShopifyBank-authorised checkout and the payment result associated with the order.Pay by Bank for Shopify
WooCommerceThe bank-payment journey, order status and the refund process.Pay by Bank for WooCommerce
Custom store or B2B ordering portalPayment sessions, status notifications and order or invoice references.Wallid Payment API

Bank-account connections in Portugal

Explore bank-account connections for customers paying in Portugal. Account types distinguish Personal and Business accounts.

Map highlighting Portugal in purple, with neighbouring countries in pale grey

25 bank connections

  • Abanca

  • Banco Activobank S.A

  • Banco Atlântico Europa S.A

  • Banco Comercial Português S.A

  • Banco de Investimento Global S.A

  • Banco Montepio

  • Banco Português de Gestão S.A

  • Banco Português de Investimento S.A

  • Banco Santander S.A

  • Bankinter S.A

  • BBVA

  • Caixa Agrícola de Mafra

  • Caixa de Credito Agrícola Mutuo da Chamusca

  • Caixa de Credito Agrícola Mutuo de Torres Vedras

  • Caixa de Crédito Agrícola Mútuo de Bombarral CRL

  • Caixa de Crédito Agrícola Mútuo de Leiria CRL

  • Caixa Económica da Misericórdia de Angra do Heroísmo

  • Caixa Geral de Depósitos S.A

  • Crédito Agrícola (Moey)

  • European Depositary Bank

  • ING Wholesale Banking (InsideBusiness)

  • N26

  • Novo Banco dos Açores S.A

  • Novo Banco S.A

  • Revolut

Pay by Bank Portugal FAQ

It is a checkout option in which a customer authorises an account-to-account payment through their bank. The integration associates a payment result with the store's order.

No. MB WAY uses its own app-confirmation flow. A Pay by Bank checkout asks the customer to choose a bank and authorise through that bank's payment flow.

No. A MULTIBANCO reference is paid separately through supported channels and confirmed asynchronously. A bank-authorised checkout follows a different journey.

Wallid's Pay by Bank checkout is a separate payment option. Do not treat adding it as activating either local payment method.

No universal instant-payment promise applies. The bank, transfer route and payment setup affect execution and funds availability; the store must also interpret its payment status correctly.

At the published standard EUR rate, the successful-payment fee is €10.30. Applicable VAT and platform charges are additional, and a successful refund is charged separately.

Business-account references are included in the companion list. The account's user permissions, amount limits and signing requirements still matter for an individual payment.

Compare the actual quotes. At the standard rate a €10,000 successful payment costs €100.30 before applicable extras, so a larger amount does not automatically produce a lower collection cost.

Use the agreed payment-status and fulfilment rule. Authorisation, successful initiation and money reaching your account are different stages.

Yes, an integrated payment option can sit alongside your existing collection process. Define how each method identifies the order and when your team confirms payment.

Onboarding for your Portugal checkout

During onboarding, Wallid confirms merchant eligibility, bank-account availability and the payment setup, including currency, payment route and business-account signing requirements.

Add Pay by Bank to your checkout

See how Wallid can fit your store, order values and payment volumes.

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