Introduction to payment requests
Send payment requests directly to the debtor's bank account for approval on the bank app or portal.
Generate asynchronous payment requests that will await the debtor for approval on their bank digital channels.
How it works?
Feezback is connected to major Israeli banks via open banking APIs and Masav rails.
- Based on your payment request details, feezback sends a direct payment request to
- The debtor will receive an SMS message from his bank with the payment request details and approval directions..
- Feezback monitors the payment status and updates you via a webhook service.
What is the difference between "open-banking payment requests" and "immidiate payment requests"?
Open banking payment requests
- Are executed via each bank's open-banking API
- Immediateness is not guaranteed - it depends on the bank's policies for execution
Once a transaction it approves, it may be executed immediately (within the same bank) or by the end of the current business day (between different banks). - Use the Match to connect your account and set updates when the funds are received in your bank account.
Immediate banking payment requests
- Are executed via Masav railways.
- Requires a Masav account and approval from the creditor account bank.
- Amount limitations may apply according to your bank account permissions (may be negotiable with your bank account manager)
- Payments are executed immediately on execution with no cancellation option.
Updated about 1 month ago
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