OverviewKey featuresFunding institutionsAccess modelsAdmissionTechnical providersR2P video galleryContact us Key features How does request to pay work? Fundamentally, a request to pay enables a payee to make a request for the initiation of a payment by a payer. The payee and the payer may be persons, businesses or any other payment account holders. The essential steps in a request to pay process are usually the following: A request is made by the payee. The payer is provided with information on the amount, description of the purpose of the transaction and payee information. The payer decides to approve or decline the request, resulting in the authorisation (or the refusal) of the payment transaction. Upon approval of the payment request, the payer’s payment service provider is instructed to execute a payment to the payee. How does EBA CLEARING’s R2P Service support request to pay? R2P is based on a four-corner model: as a real-time messaging layer separate from the clearing & settlement layer, R2P enables the request to pay-related message flow between the service providers of the payee and the payer. With a four-corner model, all request-to-pay service providers (RTP-SPs) have the flexibility to develop their own end-user products. R2P allows local request to pay solutions to interoperate and it provides the basis on which RTP-SPs can create new pan-European solutions. Four-corner model To learn more about the four-corner model and how it is different from Open Banking type of approaches to request to pay, read the article by Finextra.