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Head-to-head · Open Banking Payment Platforms

Trustly vs TrueLayer Payments

  • 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
TrueLayer Payments #3 in Open Banking Payment Platforms 8.5/10 Pricing on request ✓ 2 of 2 features Visit TrueLayer

Trustly leads on 0 checks, TrueLayer Payments 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

Trustly scores higher on our rubric for open banking payment platforms: 9.2 against 8.5 out of 10; our editors rank them #1 and #3.

Trustly is the better fit for mature, full-service payment platforms. TrueLayer Payments is the better fit for businesses needing mobile-ready bank payments.

  • Trustly fits best

    Mature, full-service payment platforms

  • TrueLayer Payments fits best

    Businesses needing mobile-ready bank payments

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Side by side

Feature Trustly 9.2/10 Visit ↗ TrueLayer Payments 8.5/10 Visit ↗
At a glance
Editor score 9.2 8.5
Ranking #1 in Open Banking Payment Platforms #3 in Open Banking Payment Platforms
Best for Mature, full-service payment platforms Businesses needing mobile-ready bank payments
Pricing model Paid Paid
Starting price Pricing on request 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
Compliance ISO 27001, GDPR SOC 2, ISO 27001, GDPR
Built for Mid-market, Enterprise Enterprise
Features Trustly 2/2 · TrueLayer Payments 2/2
Payment webhooks ✓ ✓
Refunds ✓ ✓
Specs
Supported countries Not checked yet Not checked yet
Bank authentication Both Both
Payment frequency Both Both
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
  • Supports pay-ins, payouts, recurring payments, refunds and reporting
  • Offers hosted, embedded, web, mobile SDK and direct API flows
  • Shopify and Magento integrations extend commerce coverage
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
  • Production access requires a registered business and commercial agreement
  • Pricing is based on volume and use case rather than a published plan
  • Focused on UK and EU bank-payment workflows
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 →

TrueLayer Payments is an open banking payment platform for registered businesses that need to accept and send bank payments. Its Payments API covers one-off pay-ins, single payments to external bank accounts, variable recurring payments…

Read the review →
  1. TrustlyOpen Banking Payment Platforms 9.2Pricing on request
  2. TrueLayer PaymentsOpen Banking Payment Platforms 8.5Pricing 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

  • TrueLayer Payments — where it wins

    • Supports pay-ins, payouts, recurring payments, refunds and reporting
    • Offers hosted, embedded, web, mobile SDK and direct API flows
    • Shopify and Magento integrations extend commerce coverage

    Where it doesn't

    • Production access requires a registered business and commercial agreement
    • Pricing is based on volume and use case rather than a published plan
    • Focused on UK and EU bank-payment workflows
  • Trustly9.2/10 · Pricing on request

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

    Visit TrustlyFull verdict →
  • TrueLayer Payments8.5/10 · Pricing on request

    A mobile-ready open banking platform for pay-ins, payouts and recurring payments.

    Visit TrueLayerFull 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