How do Payments by Wire Transfers Work?

August 14, 2023

We explain how a payment by wire transfer works in Kushki

If your users do not have a credit card or wish to use the available balance in their bank accounts to make an online purchase, wire transfer is the ideal payment option. With Kushki your users can make payments with wire transfers through PSE, quickly and easily.

Payment process with PSE

The payment process with wire transfers consists of allowing your customer to use the balance available in their bank account to pay for a purchase on your site or app. To do this, you must redirect your customer to the website of the bank selected in the payment form, in order to authorize the debit of the amount of the transaction from your account.

1. Payment method selection

Within your app or website, the user must select transfer as the payment method.

2. Request the list of available banks

You must ask Kushki for the list of available banks so that your users can see them in the payment form.

3. Sending the list

Once you request the list of banks from Kushki, the updated list will be sent to you automatically.

4. Display of the list

Now that you have the list of banks, you must display it to your customers so that they can select their bank.

Selecting the bank

After showing your customers the list of available banks that Kushki returns to you, the payer must choose the bank, fill in the payment form data and select the option Pay.

Creation of the transaction

Once all the customer data has been filled in and sent, you must generate a transaction initialization request to Kushki.

7. Return URL

Kushki confirms the creation of the transaction and returns the redirection URL to where the customer should continue.

8. Client redirection

The client will be redirected. The redirection URL will depend on the version of PSE being used.

9A. PSE (version 1.0). Redirect to PSE, then to the bank for authorization

With the URL, you must redirect your user to the PSE portal. There, your user must fill in the indicated fields and click on the option Go to bank. When the user enters the site of their bank, authenticates, verifies the transaction data (description of the operation, amount and account to be debited), and accepts that the amount of the transaction will be debited from their bank account balance.

9B. PSE Avanza (version 2.0). Redirection to the bank for authorization

With this transfer method you can improve the payment experience of your customers, since, once the bank is selected, they will be directed directly to their bank portal to complete the transaction, thus facilitating the payment process. When the user enters your bank’s website, authenticates, verifies the transaction data (description of the transaction, amount and account to be debited) and accepts that the amount of the transaction will be debited from their bank account balance.

10. Confirmation of the transfer

When the customer completes the transfer, the bank confirms the result of the transaction to PSE, which in turn notifies Kushki. In this way, we will confirm the final status of the transaction, so that you can notify your customers.