TrueLayer Payments

C tier on Open Banking Payment PlatformsScore 6.4 · #5 of 22

Android app: Yes
Free plan: No
Runs on: Android, api, iOS, Web

truelayer.com

Summary

TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. Customers authorize payments with their bank’s biometric security, and the service says funds leave accounts in real time and arrive instantly. Businesses can view and manage transactions in a merchant account. Integration choices include hosted or embedded browser payment pages, mobile SDKs for iOS, Android, and React Native, and libraries for Java, PHP, C#, and JavaScript/Node. Shopify and Magento plugins are listed, as is a sandbox for testing without moving real money. Payments API v3 supports payments and payouts in the UK and EU, including pay-ins to a merchant account, payments to a beneficiary, refunds, and payouts. API use requires a Console account, and most API features require a merchant account. TrueLayer says Pay by Bank can reduce fees and card-related fraud, and returning customers convert at up to 90%. Pricing is available on request; ecommerce plugins are available in the UK only.

Who it is for

It is aimed at ecommerce, iGaming, financial services, travel, and crypto businesses that want to accept Pay by Bank. Its API and ready-made interfaces give businesses multiple integration approaches.

What is good

Supports payments and payouts in the UK and EU
Sandbox tests payments without real money
Mobile SDKs for iOS, Android, and React Native
Refunds and payment webhooks are supported

What to know first

Pricing is available on request
Ecommerce plugins are available in the UK only
Most API features require a merchant account

Verdict

TrueLayer offers several ways to integrate Pay by Bank, alongside payment, payout, and refund support. Businesses should account for the merchant-account requirements and UK-only ecommerce plugins when evaluating it.

Compared on open banking payment platforms

Free plan: Notruelayer.com
Bank authentication: bothtruelayer.com
Payment frequency: bothtruelayer.com
Payment webhooks: Yestruelayer.com
Refunds: Yestruelayer.com

Facts

What it does: TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts.truelayer.com · 30 Sept 2026
Payment benefits: TrueLayer says Pay by Bank can reduce fees and card related fraud, and that returning customers convert at up to 90%.truelayer.com · 30 Sept 2026
Settlement: The page says Pay by Bank funds leave customers’ accounts in real time and arrive instantly.truelayer.com · 30 Sept 2026
Security: The payment page says customers authorise payments using their bank’s biometric security and that the product adheres to EU and UK strong customer authentication regulations.truelayer.com · 30 Sept 2026
Merchant account: Businesses can receive and manage Pay by Bank transactions in a merchant account with transaction visibility.truelayer.com · 30 Sept 2026
Mobile platforms: TrueLayer offers ready made payment interfaces and SDKs for iOS, Android and React Native.truelayer.com · 30 Sept 2026
Web integrations: For browser payments, TrueLayer offers embedded and hosted payment pages; its page also names Shopify and Magento plugins.truelayer.com · 30 Sept 2026
Developer libraries: The payments page lists integration libraries for Java, PHP, C# and Javascript/Node.truelayer.com · 30 Sept 2026
Support: TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues.truelayer.com · 30 Sept 2026
Who it serves: The page presents Pay by Bank for ecommerce, iGaming, financial services, travel and crypto businesses.truelayer.com · 30 Sept 2026
Regulation: TrueLayer says it is regulated by the UK FCA as an Authorised Payment Institution and holds an EMI licence, and that TrueLayer Ireland is authorised by the Central Bank of Ireland.truelayer.com · 30 Sept 2026
Security operations: TrueLayer says it has in house cloud and application security teams, a governance risk and compliance function, and a dedicated security operations centre.truelayer.com · 30 Sept 2026
Company history: TrueLayer’s 2024 financial performance report says the company began in London in 2016.info.truelayer.com · 30 Sept 2026
Payment interfaces: Businesses can use hosted payment pages, browser-based UIs, or mobile SDKs for iOS, Android, and React Native.truelayer.com · 30 Sept 2026
Integrations: TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node.truelayer.com · 30 Sept 2026
API coverage: The Payments API v3 supports payments and payouts in the UK and EU.docs.truelayer.com · 30 Sept 2026
Payment types: The API supports closed-loop pay-ins to a merchant account and single payments to a beneficiary, as well as payouts and refunds.docs.truelayer.com · 30 Sept 2026
Testing: TrueLayer provides a sandbox environment for testing payments without moving real money.docs.truelayer.com · 30 Sept 2026
Eligibility and setup: Using the Payments API requires a Console account, and most API features require a merchant account.docs.truelayer.com · 30 Sept 2026
Notable limit: TrueLayer’s ecommerce plugins are available in the UK only.docs.truelayer.com · 30 Sept 2026