Accepting MyBank as a merchant

MyBank does not contract merchants itself. Its services are offered by participating banks and other licensed PSPs, and activation means contacting one of them. MyBank states that the cost and the technical set-up depend on the bank or PSP you choose. Nexi, for example, documents that the method has to be requested when the contract with Nexi is signed before it appears on the payment page.

Integration runs through the provider: a MyBank button in your checkout, or a payment link for orders taken outside the webshop.

Italy is the home market. MyBank has been present on pagoPA, the Italian platform for payments to public administration, since 2014, and in November 2024 MyBank reported that it had been added to the pagoPA web applications and to app IO. In July 2025 MyBank reported that it had extended its reach in Belgium, Spain, Portugal, the Netherlands and more recently France.

The shopper's bank has to be in the network, and MyBank states that over 400 banks and PSPs have joined it. PSPs publish their own, narrower country lists: HiPay lists Italy, Belgium, Spain and Portugal, and Nexi lists Italy. Payments are in euro only. Offer MyBank where your checkout data shows Italian payers first, and where your business customers already pay you by transfer.

MyBank states that it enables transactions without amount limits, and three quarters of its 2024 volume was B2B. A percentage price grows with every euro of the invoice, a fixed price does not. On a 5,000 euro invoice the four published shapes come to 0.84 euro, 100.35 euro, 155.50 euro before VAT and 165.00 euro.

Take 2 million euro a year of business payments by MyBank at an average of 5,000 euro, so 400 payments. At a fixed 0.84 euro per payment the year costs 336 euro. At 2% plus 0.35 euro it costs 40,140 euro. The difference of about 39,800 euro comes from how the price is built. The example is illustrative, the two rates apply in different countries, and the quoted rate decides what a merchant actually pays. Where MyBank carries invoice payments, ask for a fixed price per transaction and have the percentage removed from the quote.

MyBank presents MyBank BNPL B2B, under which business buyers defer payment with typical terms of 30, 60, 90 or 120 days, depending on the agreement and eligibility. The supplier receives the full amount upon proof of delivery or invoice, without bearing the risk of non-payment; financing and repayment are handled by a partner provider, and the buyer pays interest on the financed amount.

MyBank states that merchants can offer it at no additional cost and without further development, and that it is available to businesses onboarded to the service. That is MyBank's statement. Ask your PSP whether onboarding is available on your route and whether your quoted rate changes for a deferred payment.

What you pay for MyBank is set in your agreement with your bank or PSP, not by a scheme. Start by establishing whether you are overpaying your PSP, and where MyBank carries business payments of a high average value, check the shape of the price before the level.

Relevant markets: Italy, Spain, Portugal, Belgium, Netherlands, France