Is it possible to integrate payments into my system with banking institutions?

Question

Hello, I have a problem: I need to make a sum of money be deposited into a particular person’s account, from my system, which I implemented.

I need to know if it’s possible to make payments or transfers between accounts from my system. I need to be able to make a bank transfer or deposit, stating the amount and the target account. It can be any bank.

If there is no such possibility, there is some kind of online wallet (similar to Neteller, for example) that I can make transfers and check the balance or statement via API?

Grateful!

Answer 1

Yes, just use a payment gateway. Do a google search, and see which one exists in the market, which most meets your need. They will offer you a library to integrate their api into your system and most also offer implementation support. But you will have to deal with the risks of the transaction, unlike when using a payment integrator (paypal, moip, boacompra).

If you’re not ready to take these risks, you can hire a payment integrator instead of a gateway. They take all the risk of the transactions, and other headaches, but charge a higher service fee as well.

The integrator does not make direct deposit into account, the user would have to create an account on the site of the integrator, and then redeem the money in his account. If you need direct deposit into the bank account, the best option is to use the payment gateway.

https://en.wikipedia.org/wiki/Payment_gateway