Crezco vs Salt Edge Payment Initiation

Crezco provides an API and financial products that let platforms embed payments for small and medium-sized businesses. Its bill payment service supports real-time and scheduled bank transfers, card payments, domestic and international suppliers, and single or bulk payments. Platforms can embed payables while retaining control of the user experience and payment fees. Crezco also describes real-time international payouts to more than 180 countries in more than 36 currencies. Listed accounting integrations include Xero, QuickBooks, Quickfile, Sage, SIF Health, MazApp, Duport and Haibooks. Outstanding bills imported from Xero can go back up to the previous 365 days. The service is available through web and API, with payment webhooks and instant settlement; bank authentication uses a redirect. Plans include Collect Plus at £10/ month, Send Plus at £20/ month and Premium at £27/ month. There is no free plan. Crezco lists a 30-day trial, and says Send Plus and Premium subscribers get a one-month free trial.

Salt Edge Payment Initiation enables account-to-account payments from bank accounts through open banking connectivity. One API integration supports payments from more than 2,700 banks across Europe and the UK. A customer selects a bank, reviews and consents to payment details, then authenticates and approves the transfer through that bank. Salt Edge says instant payments run 24/7 and usually finish within seconds. Listed uses include e-commerce, e-wallet top-ups, loan repayments, corporate payments, and travel settlements and refunds. Corporate workflows can use recurrent, scheduled, bulk, and batch payments, with standardized templates for bank and regional requirements. The API provides redirect-based bank authentication, payment webhooks, and refunds. Salt Edge describes TLS-encrypted channels, layered encryption, tokenisation, ISO 27001 certification, and PCI DSS compliance. It monitors systems and services and offers clients a 24/7 incident-reporting channel. The company was founded in 2013 and is headquartered in Toronto. Pricing is on request through sales or a demo.