Noda vs TrueLayer Payments
Noda
noda.live
TrueLayer Payments
truelayer.comSide by side
| Figure | Noda | TrueLayer Payments |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 2 | 0 |
| Spec score · Open Banking Payment Platforms | 7.8 (#3) | 7.2 (#12) |
| Founded | LinkedIn lists the company as founded in 2020. | 2016 |
| Headquarters | Cyprus | London, United Kingdom |
| Integrations | Noda lists plugins for WooCommerce, Magento, PrestaShop, and OpenCart, alongside API integration. | TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node. |
| Security | Noda describes open banking payments as authorised through customers' banks using Strong Customer Authentication. | 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. |
| Settlement | Noda says open banking payments settle instantly or near-instantly. | The page says Pay by Bank funds leave customers’ accounts in real time and arrive instantly. |
| Support | Noda advertises a personal onboarding assistant, dedicated account management and 24/7 global technical support. | TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues. |
| What it does | Noda provides open-banking payments, payouts and financial-data services for online merchants. | TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. |
Plans
Noda
- Open-banking transaction pricingPriced on request
- Transaction-based pricingPriced on request
In their own words
Noda
Noda is a paid open banking payment platform for businesses, available through an API and web-based tools. Customers can pay directly from bank accounts, while businesses can also offer cards, Apple Pay, and Google Pay. Noda lists plugins for WooCommerce, Magento, PrestaShop, and OpenCart, plus payment links and QR codes for accepting payments without coding. The platform connects to more than 2,000 UK and EU banks and states that it covers every UK bank. Open banking transaction fees start at 0.1%, with pricing tailored to business needs and no fixed plans listed. Noda says payments settle instantly or near-instantly. Bank authorisation uses Strong Customer Authentication, and customers must consent to financial-data sharing, with an option to withdraw consent. The pricing page lists 24/7 global technical support and a dedicated personal manager. Noda says the service does not support recurring subscriptions.
TrueLayer Payments
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.