No. 8 of 22 ·Open Banking Payment Platforms

Salt Edge Payment Initiation

Web · API

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Freedom report

One barScore 5.4

Free tierNo free tier on record
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedPlans, terms and facts published

Salt Edge Payment Initiation is ranked #8 of 22 in open banking payment platforms on Freedom251. It runs on API, Web.

Salt Edge Payment Initiation plans and pricing

All plans

Pay by bank Not published Pricing not stated; contact sales saltedge.com · 2 Oct 2026

Compared on open banking payment platforms

Bank authentication: redirect
Payment frequency: both
Settlement speed: instant
Payment webhooks: Yes
Refunds: Yes

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The record

What it does: Pay by bank enables account-to-account payments from customers’ bank accounts through open banking connectivity.
Bank coverage: The product page states that one API integration supports payments from 2,700+ banks across Europe and the UK.
Payment flow: Customers choose a bank, review and consent to payment details, then authenticate and approve the payment through their bank.
Processing: The page says instant payments are processed 24/7 and usually complete in seconds.
Payment use cases: Listed use cases include e-commerce, e-wallet top-ups, loan repayments, corporate payments, and travel settlements and refunds.
Payment options: The API supports recurrent, scheduled, bulk, and batch payments for corporate payments.
Payment templates: Salt Edge says it supports standardised payment templates to handle bank and region specifics.
Security: Salt Edge says it is ISO 27001 certified and PCI DSS compliant, and uses TLS encrypted channels, multiple encryption layers, and tokenisation.
Monitoring and support: The security page says a 24/7 incident reporting channel is available to clients and Salt Edge monitors its systems and services.
Performance: Salt Edge states a 99th percentile HTTP response time of 250 ms for all public endpoints.
Example adopters: The payment initiation page displays ING, Odoo, CRIF, Cloud Finance, ConnectPay, TreasurUp, Erste, and Shoptet as companies that trust Salt Edge.
Pricing availability: The product page directs prospective customers to book a demo or contact sales and does not state a price.
Company: Salt Edge describes itself as a provider of open banking API solutions for businesses.
Founded: 2013

Where it ranks on Freedom251

Best Open Banking Payment Platforms in 2026#8 of 22

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Sources

saltedge.com/products/payment_initiation· checked 2 Oct 2026
saltedge.com/company/security· checked 2 Oct 2026
saltedge.com/company/about_us· checked 2 Oct 2026
saltedge.com· checked 28 Sept 2026