Pay by Bank from allpay vs Salt Edge Payment Initiation
Pay by Bank from allpay
allpay.netSalt Edge Payment Initiation
saltedge.comSide by side
| Figure | Pay by Bank from allpay | Salt Edge Payment Initiation |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | — | Yes |
| Plans published | 0 | 1 |
| Spec score · Open Banking Payment Platforms | 7.4 (#10) | 7.1 (#13) |
| Founded | 1994 | 2013 |
| Headquarters | Hereford, England, United Kingdom | Toronto, Canada |
| Payment flow | Customers choose Pay by Bank at checkout, select their bank, authorise payment through their banking app or online banking, and receive confirmation near instantly. | Customers choose a bank, review and consent to payment details, then authenticate and approve the payment through their bank. |
| Security | Customers authorise each payment directly through their bank, so the organisation does not handle sensitive account details. | Salt Edge says it is ISO 27001 certified and PCI DSS compliant, and uses TLS encrypted channels, multiple encryption layers, and tokenisation. |
| What it does | Pay by Bank lets customers pay directly from their bank account using Open Banking, without entering card details. | Pay by bank enables account-to-account payments from customers’ bank accounts through open banking connectivity. |
Plans
In their own words
Pay by Bank from allpay
Pay by Bank from allpay lets customers pay an organisation directly from a bank account using Open Banking, without entering card details. At checkout, the customer chooses the option, selects a bank, and authorises payment in a banking app or online banking; confirmation arrives near instantly. The organisation does not handle sensitive account details because authorisation takes place through the customer’s bank.
The service is intended for housing associations, local authorities, rent and income collection teams, utilities, billing organisations, and organisations handling high-volume regular payments. allpay says bypassing traditional card networks can lower processing costs, while avoiding expired cards, incorrect entries, and manual input may help reduce failed or abandoned transactions. The rollout is starting with the allpayments app and online payment journeys using hosted payment pages. Gateway Plus support is marked as coming soon, with no date specified. Pricing is on request. Platforms listed are Android, iOS, and web. allpay describes the method as FCA-regulated and states that it complies with PCI DSS.
Salt Edge Payment Initiation
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.