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TrueLayer Payments

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What TrueLayer Payments is

TrueLayer Payments lets businesses accept Pay by Bank payments from customers’ bank accounts. Customers approve payments with their bank’s biometric security, and TrueLayer says the money leaves their account in real time and arrives instantly. The Payments API v3 covers payments and payouts in the UK and EU, including pay-ins to a merchant account, single payments to a beneficiary, refunds, and payouts. Businesses can view and manage transactions in a merchant account, though most API features require one and API use requires a Console account. Integration options include hosted or embedded browser payment pages, mobile interfaces and SDKs for iOS, Android, and React Native, plus libraries for Java, PHP, C#, and JavaScript/Node. Shopify and Magento plugins are also available for ecommerce in the UK. A sandbox lets businesses test payments without moving real money. TrueLayer says Pay by Bank can reduce fees and card-related fraud, and that returning customers convert at up to 90%. The company, founded in London in 2016, says it is regulated by the UK FCA as an Authorised Payment Institution, holds an EMI licence, and that TrueLayer Ireland is authorised by the Central Bank of Ireland. Pricing is available on request; there is no free plan.

Who it suits

TrueLayer Payments is aimed at businesses in ecommerce, iGaming, financial services, travel, and crypto that want to accept bank payments or make payouts. Its browser, mobile, and developer integration options suit teams choosing how to add payment flows to their products.

What it does well

Supports payments, payouts, and refunds through Payments API v3.
Offers hosted and embedded browser payment pages.
Mobile interfaces and SDKs cover iOS, Android, and React Native.
Sandbox supports testing without moving real money.
Merchant account provides transaction visibility and management.

What to know first

There is no free plan.
Pricing is available on request.
Most API features require a merchant account.
Ecommerce plugins are available in the UK only.

Limits

There is no free plan, and pricing is available on request. Most API features require a merchant account, while ecommerce plugins are limited to the UK.

Getting started

Visit the TrueLayer Payments website.
Create a Console account to use the Payments API.
Set up a merchant account for most API features.
Choose hosted or embedded payment pages, mobile SDKs, or a developer library.
Use the sandbox to test payments without moving real money.

Verdict

Choose TrueLayer Payments if your business needs Pay by Bank with browser, mobile, or API integration options and support for payouts and refunds. Check whether the UK-only ecommerce plugins, account requirements, and pricing on request fit your setup before choosing it.

Questions

How much does TrueLayer Payments cost?

The product is paid, with pricing available on request.

Is there a free plan?

No, TrueLayer Payments has no free plan.

Which platforms and integrations does it support?

It is listed for Android, iOS, web, and API. Options include browser payment pages, mobile SDKs for iOS, Android, and React Native, libraries for Java, PHP, C#, and JavaScript/Node, and Shopify and Magento plugins.

What does Payments API v3 support?

It supports payments and payouts in the UK and EU, including merchant-account pay-ins, single payments to a beneficiary, refunds, and payouts.

What is required to use the API?

A Console account is required, and most API features require a merchant account.

Can payments be tested before launch?

Yes. TrueLayer provides a sandbox for testing payments without moving real money.

Facts from TrueLayer Payments's own pages

API coverage: The Payments API v3 supports payments and payouts in the UK and EU. · docs.truelayer.com, 30 Sept 2026
Company history: TrueLayer’s 2024 financial performance report says the company began in London in 2016. · info.truelayer.com, 30 Sept 2026
Developer libraries: The payments page lists integration libraries for Java, PHP, C# and Javascript/Node. · truelayer.com, 30 Sept 2026
Eligibility and setup: Using the Payments API requires a Console account, and most API features require a merchant account. · docs.truelayer.com, 30 Sept 2026
Founded: 2016 · truelayer.com, 28 Sept 2026
Headquarters: London, United Kingdom · truelayer.com, 28 Sept 2026
Integrations: TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node. · truelayer.com, 30 Sept 2026
Merchant account: Businesses can receive and manage Pay by Bank transactions in a merchant account with transaction visibility. · truelayer.com, 30 Sept 2026
Mobile platforms: TrueLayer offers ready made payment interfaces and SDKs for iOS, Android and React Native. · truelayer.com, 30 Sept 2026
Notable limit: TrueLayer’s ecommerce plugins are available in the UK only. · docs.truelayer.com, 30 Sept 2026
Payment benefits: TrueLayer says Pay by Bank can reduce fees and card related fraud, and that returning customers convert at up to 90%. · truelayer.com, 30 Sept 2026
Payment interfaces: Businesses can use hosted payment pages, browser-based UIs, or mobile SDKs for iOS, Android, and React Native. · truelayer.com, 30 Sept 2026
Payment types: The API supports closed-loop pay-ins to a merchant account and single payments to a beneficiary, as well as payouts and refunds. · docs.truelayer.com, 30 Sept 2026
Regulation: TrueLayer says it is regulated by the UK FCA as an Authorised Payment Institution and holds an EMI licence, and that TrueLayer Ireland is authorised by the Central Bank of Ireland. · truelayer.com, 30 Sept 2026
Security: 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. · truelayer.com, 30 Sept 2026
Security operations: TrueLayer says it has in house cloud and application security teams, a governance risk and compliance function, and a dedicated security operations centre. · truelayer.com, 30 Sept 2026
Settlement: The page says Pay by Bank funds leave customers’ accounts in real time and arrive instantly. · truelayer.com, 30 Sept 2026
Support: TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues. · truelayer.com, 30 Sept 2026
Testing: TrueLayer provides a sandbox environment for testing payments without moving real money. · docs.truelayer.com, 30 Sept 2026
Web integrations: For browser payments, TrueLayer offers embedded and hosted payment pages; its page also names Shopify and Magento plugins. · truelayer.com, 30 Sept 2026
What it does: TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. · truelayer.com, 30 Sept 2026
Who it serves: The page presents Pay by Bank for ecommerce, iGaming, financial services, travel and crypto businesses. · truelayer.com, 30 Sept 2026

Where TrueLayer Payments stands on Freedom251

Open Banking Payment Platforms#17 of 22