Bank link

The Bank Link is a payment opportunity which gives risk-free additional value to your internet business.

The Bank Link enables the following:

  • Payment for goods before their arrival and reduction of risks through advance payment
  • Simple and convenient purchases for the customer
  • Growth of turnover through the provision of the customers of the Internet bank with a secure means of payment
  • Opportunity of personalised offers through the authentication of the customer

How does the Bank Link work?

Bank link is a system with which Internet merchants (hereinafter merchants), Internet bank customers (hereinafter customers) and Internet bank can exchange data, provide services and initiate operations. The operations of Internet bank are managed in the form of queries.

Payment for the goods

The customer places an order of goods or services on your e-commerce webpage. After placing the order, the customer clicks on the Internet bank link on your webpage, which directs the customer together with payment information forwarded by you to Internet bank.

  1. The customer enters internet bank using ID card, Mobile-ID, password card or PIN calculator
  2. In internet bank, the customer sees an already prepared payment order, which contains the same amount that is payable for your products or services
  3. The customer clicks on the button, which confirms or cancels the payment order
  4. You as the merchant will learn about the payment order immediately after the customer has made the payment

Authentication of the customer

The customer clicks on the button "Authorize" placed on your webpage, which directs the customer together with the information forwarded by you to internetbank.

  1. The customer enters internetbank using ID card, Mobile-ID, password card or PIN calculator
  2. In internet bank, the customer sees the following notification: "If you want to access your personal data stored by our partner, then to send your personal identification code, click on the button [Back To The Merchant]. Thereby, the bank confirms the authenticity of your personal identification code to the partner." The customer clicks on the button "Back To The Merchant," which directs the customer together with the personal identification code forwarded by the bank back to your webpage.

Bank Link also works on mobile phones!

If your client is about to log on or pay with a mobile device, a new bank link view automatically adjusted for a mobile device will be shown to them. You and the client do not need to do anything extra to see the mobile bank link view.

The mobile bank link gives you an excellent opportunity to develop a mobile e-store or web service where the whole purchasing process can be adjusted for mobile devices.

E-commerce is secure

The connection between the bank and the buyer is protected with the SSL security protocol, which ensures that the exchanged information cannot be accessed or altered by any third party.

The information exchanged between the bank and the merchant carries digital signatures.

The Bank Link can be installed by partners of Swedbank

Rights and Obligations

Only legal entities who have opened an account in Swedbank can use the Bank Link.

A merchant who has joined the Bank Link must notify its customers on the opening page of the e-shop about the opportunity of payment through Internet bank. Swedbank`s Insignia will be put up there for that purpose.

The merchant, not Swedbank, will bear liability for the quality and delivery of the goods and services provided on the website. The customer should lodge any complaints in connection with the quality and delivery of goods and services directly to the merchant.

The bank will have the right to forward to the customer who paid through the Bank Link the data of the merchant if the data is necessary for the customer for lodging a complaint.

Through the Bank Link, the merchant receives information about whether the customer has paid for the product /service or not.

The bank will bear liability for the execution of payment orders made through Internet bank. Payments that have been made cannot be cancelled later.

Cost

The transaction fee is paid once a month for the services used during the previous month.

The Bank Link subscription fee is 65 EUR. The transaction fee is 1% of the amount of the purchase, but not less than 0,13 EUR and not more than 3,20 EUR per transaction.

The authentication fee is 0,11 EUR+ VAT per time (0,13 EUR per time)

Time of payment transfers

If the payment has been sent to the bank before 10:00 p.m., the amount of the payment will be withdrawn from the account of the remitter within the same date. Payments made after 10:00 p.m. will be withdrawn from the account of the remitter within the next day.

The amount will be transferred to the account of the beneficiary within one hour as of the withdrawal of money from the account of the remitter.

Technical conditions

Additional modules, which exchange requests with the bank and prepare and verify digital signatures, shall be installed on the web server of the merchant.

The merchant generates a digital signature and forwards it in the form of a certificate request to the bank.