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TrueLayer Payments
London, United Kingdom
What it is
TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. Its Payments API v3 supports payments and payouts in the UK and EU, including merchant-account pay-ins, payments to a beneficiary, refunds and payouts. Businesses can view and manage transactions in a merchant account. Payment interfaces include hosted or embedded browser pages and mobile SDKs for iOS, Android and React Native; libraries are listed for Java, PHP, C# and JavaScript/Node. Shopify and Magento plugins are also available, though the ecommerce plugins are limited to the UK. A sandbox lets teams test payments without transferring real money. TrueLayer says customers authorize payments using their bank’s biometric security, and funds leave accounts in real time and arrive instantly. It says Pay by Bank can reduce fees and card-related fraud, and that returning customers convert at up to 90%. Pricing is available on request, and there is no free plan. API use requires a Console account; most API features require a merchant account.
For and against
For
- Supports payments, payouts and refunds.
- Offers mobile SDKs and browser payment pages.
- Provides a sandbox for payment testing.
- Merchant account includes transaction visibility.
- Bank authorization uses biometric security, according to TrueLayer.
Against
- There is no free plan.
- Pricing is available on request.
- Ecommerce plugins are available in the UK only.
- API use requires a Console account.
The verdict
TrueLayer Payments combines Pay by Bank acceptance with web and mobile integration options, transaction management and a testing sandbox. Businesses should account for its account requirements and UK-only ecommerce plugins when considering setup.
Who it suits
It is presented for businesses in ecommerce, iGaming, financial services, travel and crypto that want to accept bank payments. Developers can choose among browser, mobile SDK and programming-library integrations.
On the record
- API coverage
- The Payments API v3 supports payments and payouts in the UK and EU.docs.truelayer.com · read 30 Sep 2026
- Company history
- TrueLayer’s 2024 financial performance report says the company began in London in 2016.info.truelayer.com · read 30 Sep 2026
- Developer libraries
- The payments page lists integration libraries for Java, PHP, C# and Javascript/Node.truelayer.com · read 30 Sep 2026
- Eligibility and setup
- Using the Payments API requires a Console account, and most API features require a merchant account.docs.truelayer.com · read 30 Sep 2026
- Integrations
- TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node.truelayer.com · read 30 Sep 2026
- Merchant account
- Businesses can receive and manage Pay by Bank transactions in a merchant account with transaction visibility.truelayer.com · read 30 Sep 2026
- Mobile platforms
- TrueLayer offers ready made payment interfaces and SDKs for iOS, Android and React Native.truelayer.com · read 30 Sep 2026
- Notable limit
- TrueLayer’s ecommerce plugins are available in the UK only.docs.truelayer.com · read 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%.truelayer.com · read 30 Sep 2026
- Payment interfaces
- Businesses can use hosted payment pages, browser-based UIs, or mobile SDKs for iOS, Android, and React Native.truelayer.com · read 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.docs.truelayer.com · read 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.truelayer.com · read 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.truelayer.com · read 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.truelayer.com · read 30 Sep 2026
- Settlement
- The page says Pay by Bank funds leave customers’ accounts in real time and arrive instantly.truelayer.com · read 30 Sep 2026
- Support
- TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues.truelayer.com · read 30 Sep 2026
- Testing
- TrueLayer provides a sandbox environment for testing payments without moving real money.docs.truelayer.com · read 30 Sep 2026
- Web integrations
- For browser payments, TrueLayer offers embedded and hosted payment pages; its page also names Shopify and Magento plugins.truelayer.com · read 30 Sep 2026
