Crezco vs TrueLayer Payments

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.

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.