TrueLayer Payments
TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts.
What TrueLayer Payments is
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.
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
Watch out
- Pricing is available on request
- Ecommerce plugins are available in the UK only
- Most API features require a merchant account
Who it suits
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.
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.
The facts
Each one read from TrueLayer Payments's own pages, with the date it was checked.
What it does
- API coverage
- The Payments API v3 supports payments and payouts in the UK and EU.checked 30 Sep 2026
- Developer libraries
- The payments page lists integration libraries for Java, PHP, C# and Javascript/Node.checked 30 Sep 2026
- Eligibility and setup
- Using the Payments API requires a Console account, and most API features require a merchant account.checked 30 Sep 2026
- Integrations
- TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node.checked 30 Sep 2026
- Merchant account
- Businesses can receive and manage Pay by Bank transactions in a merchant account with transaction visibility.checked 30 Sep 2026
- Notable limit
- TrueLayer’s ecommerce plugins are available in the UK only.checked 30 Sep 2026
- Payment benefits
- TrueLayer says Pay by Bank can reduce fees and card related fraud, and that returning customers convert at up to 90%.checked 30 Sep 2026
- Payment interfaces
- Businesses can use hosted payment pages, browser-based UIs, or mobile SDKs for iOS, Android, and React Native.checked 30 Sep 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.checked 30 Sep 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.checked 30 Sep 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.checked 30 Sep 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.checked 30 Sep 2026
- Settlement
- The page says Pay by Bank funds leave customers’ accounts in real time and arrive instantly.checked 30 Sep 2026
- Support
- TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues.checked 30 Sep 2026
- Testing
- TrueLayer provides a sandbox environment for testing payments without moving real money.checked 30 Sep 2026
- Web integrations
- For browser payments, TrueLayer offers embedded and hosted payment pages; its page also names Shopify and Magento plugins.checked 30 Sep 2026
- What it does
- TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts.checked 30 Sep 2026
- Who it serves
- The page presents Pay by Bank for ecommerce, iGaming, financial services, travel and crypto businesses.checked 30 Sep 2026
The company
- Company history
- TrueLayer’s 2024 financial performance report says the company began in London in 2016.checked 30 Sep 2026
- Founded
- 2016checked 28 Sep 2026
- Headquarters
- London, United Kingdomchecked 28 Sep 2026
Where it runs
- Mobile platforms
- TrueLayer offers ready made payment interfaces and SDKs for iOS, Android and React Native.checked 30 Sep 2026
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