Get the credit you deserve
Combine real-time affordability data and bureau checks, and approve more customers at checkout with credit that works for your margin. Coming soon to the UK subject to regulatory approval.
Frictionless credit, made with merchants in mind
Until now, merchants looking to win more customers with point-of-sale credit have faced the choice of either high-cost BNPL offerings or traditional financing that kills conversion. And whatever you choose, you lose control of your customer experience and hard-earned loyalty.
Pay by Bank - Credit is different.
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Approve even more customers
Combine real-time open banking signals with bureau data to give customers another way to pay. Smarter decisions, fewer abandoned baskets.
Credit that works with your margin
Our credit solution runs on account to account rails, making it more cost-effective than card-based BNPL providers, who charge up to 6% per transaction.
Your checkout. Your customers
Give shoppers a fast, embedded checkout experience while keeping your hard-earned customer relationship and data.
Unlock bigger average baskets
Increase average order values, with credit limits well above what BNPL providers typically offer.
Better for shoppers, too
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Friction-free credit
Your customers will get instant access to more flexible payment options to suit their needs, and complete their purchase.
Easy and quick to use
There’s no messing around with long card numbers, multiple steps, annoying codes or downloading apps. Customers are simply redirected to their bank app and enjoy a streamlined experience.
Every payment secure
Payments are securely authorised with methods customers know and trust. They use their bank’s biometric authentication — face ID and fingerprints.
The modern payments stack, not a card in sight
For too long, merchants have faced increasing fees and a lack of choice in payment solutions. TrueLayer is building a world without cards, and Credit is another layer in the Pay by Bank payments stack, all available as one smooth integration.
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Payments
The easy, fast and secure way to pay.
Credit
Smarter credit that gives customers another way to pay.
Refunds
Instant payouts that build trust and loyalty.
And more
Recurring payments, data, verification and more.
Clever features to make smarter, faster lending decisions
Open banking credit decisioning
Pay by Bank - Credit combines traditional bureau data with real-time open banking signals, including income, outgoings, and balances. This enables smarter lending decisions that approve more creditworthy customers without increasing risk.
Fully embedded checkout
The entire checkout journey sits within the merchant's site or app. There is no redirect to a third-party site, no external branding, and no competitor marketplace sitting between the merchant and their customer.
Biometric authentication
Every transaction is authenticated through the customer's own banking app using biometrics. No card details are entered or stored, which eliminates card fraud and chargebacks entirely.
Auto-fill application
Using a combination of open banking and TrueLayer data, parts of the credit application are auto-filled, so your shoppers get a credit experience that feels closer to a payment than a traditional lending journey.
Pay by Bank fallback
If a customer isn’t approved for credit, the system can offer a seamless fallback to a standard Pay by Bank payment for the full amount, giving your shopper an option to complete their purchase without being forced to restart the checkout.
Work with Europe’s leading Pay by Bank provider
Working in partnership with merchants
TrueLayer works hand-in-hand with merchants, solving real-world payment challenges in payment, credit and beyond.
Truly independent from card networks
TrueLayer is independent from the major incumbents which means we can move at speed, with our merchants at the forefront of everything we do.
Laser focus on improving conversion
TrueLayer’s emphasis on optimising conversion rates makes it a preferred partner for merchants prioritising customer experience and revenue impact.
25 million customers and growing
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Join our Pay by Bank network and connect to Europe’s leading network. That’s 25 million shoppers, with a new user joining every 3 seconds. We process almost half of all UK Pay by Bank transactions, with a 20+% uplift in first-time user conversion for shoppers in our network.
We make Credit easy to integrate for everyone
Whatever your team’s technical capability, we’ve got simple and tailored ways for you to add flexible consumer credit to your checkout.
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Easy plugins & libraries
Pay by Bank - Credit is optimised for several plugins, including Magento. Our library helps you speed up and simplify integration with our tried and tested shortcuts in Java, PHP, C# and Javascript/Node.
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Ready-made UIs for apps
We’ve designed and tested beautifully optimised user experiences for mobile. Customers love our easy, friction free mobile payment experiences. Find SDKs for iOS, Android and React Native.
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Ready-made UIs for browser
If your customers arrive through a browser, we’ve got highly optimised user experiences for either embedded or hosted payment pages too.
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A powerhouse console
Console helps you kickstart product integration in easy steps. It arrives with your merchant account set up for you, so you can move at pace and start taking payments immediately.
Get early access to Pay by Bank - Credit
Our expert team will help you explore how Pay by Bank - Credit can help you approve more customers and unlock bigger baskets.
Frequently asked questions
Pay by Bank is a type of payment method that lets customers pay for things directly from their bank account via their bank app, without the need for card networks.