Payment options

Rethinking Business Payments: A Smart Path for UK Accounts Payable

Amazon Business Pay by Bank enables UK businesses to streamline accounts payable through secure Open Banking technology.

For accounts payable and procurement administrators, the payment process is more than just a routine task, it’s a cornerstone of operational efficiency. From ensuring cash flow visibility to reconciling transactions with precision, the demands of managing payments can be both complex and critical.

While traditional payment methods have long been a reliable option, they aren’t always the best fit for every scenario. For businesses handling high-value orders, recurring purchases or seeking greater transparency, there’s growing interest in payment solutions that offer more direct control and alignment with financial workflows.

This is where Pay by Bank, a new payment option at Amazon Business, comes into play. Built on secure Open Banking technology, Pay by Bank allows UK customers to pay directly from their bank accounts. By eliminating the need for card details, it offers a seamless, reliable, and transparent way to manage transactions.

The rise of account-to-account payments

Account-to-account payments, like Pay by Bank, allow organisations to pay directly from their bank accounts, which is a convenient option but also offers secure, reliable transparency. And this solution is helping businesses streamline their financial operations and focus on what matters most: growth and efficiency.

Key benefits of Pay by Bank for UK businesses

For accounts payable and procurement teams, Pay by Bank brings a range of advantages that align with the demands of modern financial management:

1. No card needed - Reliability when it matters most
Payment interruptions can be a challenge, particularly for businesses managing time-sensitive or high-value purchases. Unlike payment cards that expire and require updating, Pay by Bank connects directly to your bank account, meaning one less administrative task for your team to manage.

2. Improved cash flow visibility
With Pay by Bank, payments are made directly from your business bank account, providing real-time insights into outgoing funds. This clarity supports better cash flow planning and helps finance teams make informed decisions, especially when managing tight budgets or forecasting expenses.

3. Simplified reconciliation
Matching payments to purchase can be time-consuming, especially during month end processes. Pay by Bank includes clear references for each transaction, making it easier to reconcile payments with bank statements. This streamlines administrative tasks and frees up time for higher-value activities.

4. Faster Refunds When You Need Them
Returns happen. When they do, Pay by Bank processes refunds within minutes after Amazon confirms receipt of your return. This means faster access to your working capital and improved cash flow management.

Taking the first step

For organisations ready to explore the benefits of account-to-account payments, the transition is straightforward. With Amazon Business Pay by Bank, businesses can unlock a smart, efficient way to manage transactions.
Here’s how to get started:

Log in to your Amazon Business account.
Visit Payment settings.

Visit Payment Settings

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Rethinking Business Payments: A Smart Path for UK Accounts Payable

The rise of account-to-account payments

Key benefits of Pay by Bank for UK businesses

Taking the first step

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