In Czech online payments, bank transfers are a fundamental method that has split the market with cards. In this approach, the consumer selects their bank at checkout and approves the payment through online banking — meaning a bank account is enough to pay, without needing a card — which covers a wide customer base in the mature, roughly €6 billion Czech e-commerce market. More recently, account-to-account (A2A) payments built on PSD2 open banking APIs have continued the same experience.

It's especially valuable for conservative customers who are reluctant to register a card, high-value categories such as electronics, furniture, and travel where card limits often get in the way, and merchants looking to shift cash-on-delivery (COD) customers to upfront payment. To reach a broad base of major Czech bank customers, an integration path that covers multiple banks at once is more efficient than contracting each bank's transfer button individually.

When a consumer selects their bank at checkout, they're redirected to that bank's internet banking or mobile app, log in, and approve the transfer. This bank authentication step itself satisfies PSD2's Strong Customer Authentication (SCA), and the merchant is notified of the result immediately upon approval. Hecto Financial receives the transferred funds in CZK, converts them, and settles to the Korean merchant in whichever currency — USD, KRW, or JPY — was set under the contract.

The key point is that transfer buttons for individual Czech banks can be considered together through a single integration with Hecto Financial, without contracting each bank separately. The range of banks that can be covered, along with the settlement cycle, fees, and currency options, should be confirmed before signing the contract.

• Business registration country

  Confirm contract eligibility based on domestic business registration

• Sales channel

  The integration method and priority vary depending on your online sales channel mix — owned mall, open marketplace, mobile app, and so on

• Product category

  Check in advance whether your products fall under categories restricted by the participating banks' or PSP's merchant policy

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

It is not a structure where the CZK debited from the consumer's account arrives in your domestic account as CZK. Hecto Financial receives the CZK locally, converts it, and pays out in whichever currency — USD, KRW, or JPY — was selected under the contract, with the cycle following the contract terms. Unlike cards, bank transfers have no chargeback concept, which lowers non-payment risk, but it also means the merchant must handle refunds proactively, so be sure to have a refund process ready in advance to handle returns under EU consumers' 14-day right of withdrawal.

• Czech National Bank (Česká národní banka, ČNB)Official information on the Czech payment system and supervision of payment services. If this page's content differs from the actual regulations, the official source takes precedence.