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Head-to-head · Open Banking Payment Platforms

Trustly vs Plaid

  • Updated Oct 2026
  • Both researched from official sources
  • 3 checks side by side
Higher score Trustly #1 in Open Banking Payment Platforms 9.2/10 Pricing on request ✓ 2 of 2 features Visit Trustly
Plaid #8 in Open Banking Payment Platforms 7.6/10 Pricing on request ✓ 0 of 2 features Visit Plaid

Trustly leads on 0 checks, Plaid on 0, and 3 are even. Who comes out ahead on the 3 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreTrustly · 9.2/10
  • Most featuresTrustly · 2 of 2

Trustly scores higher on our rubric for open banking payment platforms: 9.2 against 7.6 out of 10; our editors rank them #1 and #8.

Trustly is the better fit for mature, full-service payment platforms. Plaid is the better fit for businesses prioritizing broad bank data access.

  • Trustly fits best

    Mature, full-service payment platforms

  • Plaid fits best

    Businesses prioritizing broad bank data access

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Trustly 9.2/10 Visit ↗ Plaid 7.6/10 Visit ↗
At a glance
Editor score 9.2 7.6
Ranking #1 in Open Banking Payment Platforms #8 in Open Banking Payment Platforms
Best for Mature, full-service payment platforms Businesses prioritizing broad bank data access
Pricing model Paid Paid
Starting price Pricing on request —
Free plan Not checked yet —
Free trial — —
Deployment Cloud, Mobile Cloud, Mobile
Platforms Web, iOS, Android Web, iOS, Android
Support Email, Docs Docs, Tickets, Community
Compliance ISO 27001, GDPR SOC 2, ISO 27001
Built for Mid-market, Enterprise Solo, Small business, Mid-market, Enterprise
Features Trustly 2/2 · Plaid 0/2
Payment webhooks ✓ (best) Not checked yet
Refunds ✓ (best) Not checked yet
Specs
Supported countries Not checked yet Not checked yet
Bank authentication Both Not checked yet
Payment frequency Both Not checked yet
Settlement speed Instant Not checked yet
Our review
Pros
  • Supports Pay by Bank, recurring payments, payouts and refunds
  • Offers web, Android, iOS and React Native SDKs plus APIs
  • Includes reconciliation, webhooks, account verification and fraud controls
  • Account, transaction, investment, liability, identity, and statement data
  • Web, iOS, Android, API, OAuth, and app-to-app connection options
  • On-demand balances, PDF statements, verification, and data enrichment
Cons
  • Merchant pricing requires direct contact with sales
  • The broad feature set may exceed the needs of single-purpose payment teams
  • Risk controls use bank-qualified data rather than a broader stated data scope
  • Pricing depends on products, usage, region, and contract terms
  • No free plan is available
  • Verified payments retrieve account and routing numbers only
Our verdict

Trustly is an Open Banking payment platform for merchants that want more than a basic bank-payment checkout. Customers can pay directly from bank accounts, while businesses can manage recurring payments, subscription billing, payouts,…

Read the review →

Plaid provides APIs and Plaid Link for businesses and developers building financial products. It connects applications with bank and other financial accounts, then exposes account details, balances, transactions, investments, liabilities,…

Read the review →
  1. TrustlyOpen Banking Payment Platforms 9.2Pricing on request
  2. PlaidOpen Banking Payment Platforms 7.6Pricing on request

Strengths and trade-offs

  • Trustly — where it wins

    • Supports Pay by Bank, recurring payments, payouts and refunds
    • Offers web, Android, iOS and React Native SDKs plus APIs
    • Includes reconciliation, webhooks, account verification and fraud controls

    Where it doesn't

    • Merchant pricing requires direct contact with sales
    • The broad feature set may exceed the needs of single-purpose payment teams
    • Risk controls use bank-qualified data rather than a broader stated data scope

  • Plaid — where it wins

    • Account, transaction, investment, liability, identity, and statement data
    • Web, iOS, Android, API, OAuth, and app-to-app connection options
    • On-demand balances, PDF statements, verification, and data enrichment

    Where it doesn't

    • Pricing depends on products, usage, region, and contract terms
    • No free plan is available
    • Verified payments retrieve account and routing numbers only
  • Trustly9.2/10 · Pricing on request

    A mature, full-service platform for bank payments, recurring billing, payouts and reconciliation.

    Visit TrustlyFull verdict →
  • Plaid7.6/10 · Pricing on request

    Broad financial-data access for teams building connected banking and finance products.

    Visit PlaidFull verdict →

More comparisons

All open banking payment platforms comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update