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SPECIFICTION
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TrueLayer Payments

truelayer.com

WebiOSAndroidAPI
Visit truelayer.com
Spec score 7.2 #12 of 22 in Open Banking Payment Platforms

What it is

TrueLayer Payments lets businesses accept Pay by Bank payments from customers’ bank accounts. Customers authorize payments using their bank’s biometric security; the service says funds leave accounts in real time and arrive instantly. Businesses can view and manage transaction activity in a merchant account. Payment interfaces include hosted or embedded browser pages and mobile SDKs for iOS, Android, and React Native. The Payments API v3 supports payments and payouts in the UK and EU, including merchant-account pay-ins, payments to a beneficiary, refunds, and payouts. A sandbox is available for testing without moving real money. Integration options also include Shopify and Magento plugins, plus libraries for Java, PHP, C#, and JavaScript/Node. API use requires a Console account, and most API features require a merchant account. Ecommerce plugins are available in the UK only. TrueLayer 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; there is no free plan. The company lists Android, iOS, web, and API platforms.

Spec sheet

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

Strong points and limits

Strong points

  • Accepts Pay by Bank payments from customer accounts
  • Payments API v3 supports UK and EU payments and payouts
  • Includes refunds and sandbox testing
  • Offers web pages, mobile SDKs, and developer libraries
  • Merchant accounts provide transaction visibility

Limits

  • Pricing is available on request
  • No free plan is listed
  • Ecommerce plugins are available in the UK only
  • API use requires a Console account

Who it suits

TrueLayer Payments is aimed at businesses in ecommerce, iGaming, financial services, travel, and crypto. It suits teams seeking bank-account payments with browser or mobile integrations and API access.

Verdict

TrueLayer Payments offers bank-based pay-ins, payouts, and refunds through browser, mobile, and API integration options. Check the account prerequisites, regional plugin limit, and request-based pricing before planning an implementation.

Where Specifiction places it

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