TrueLayer, one of Europe’s leading Pay by Bank networks, today announced that it has partnered with eBay, a global commerce leader, to introduce Pay by Bank at checkout, bringing instant, secure bank payments to millions of UK buyers.

With Pay by Bank, eBay’s UK buyers can pay directly from their bank accounts, authorising the transaction through their own bank app in seconds. The experience is fast, secure, and frictionless, no cards or manual entry of account details required. 

Pay by Bank uses bank-grade technology to authenticate the payment. This means that buyers’ bank login information is not shared with or stored by eBay. TrueLayer securely connects the buyer’s bank to process the payment.

“Our partnership with eBay brings Pay by Bank into the everyday shopping journey of millions of UK customers,” said Francesco Simoneschi, CEO and Co-founder of TrueLayer. “By integrating directly into eBay’s checkout, we’re enabling instant, bank-authenticated payments at scale, while merchants benefit from faster settlement and a more streamlined payment experience. This is another step towards a real-time payments ecosystem that aligns with modern consumer expectations.”

“We’re constantly evolving eBay’s checkout experience to expand choice and make paying on our platform safer, faster and more seamless,” said Avritti Khandurie Mittal, Vice President of Product for eBay Services. “Pay by Bank represents an important step in diversifying our payment mix with a secure, real-time way for buyers to pay directly from their bank accounts. Through our partnership with TrueLayer, we’re bringing this innovation to millions of UK customers while continuing to build a more modern, efficient payments experience.

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Pay by Bank represents an important step in diversifying our payment mix with a secure, real-time way for buyers to pay directly from their bank accounts.

Avritti Khandurie Mittal, Vice President of Product for eBay Services

In addition to paying by bank, eBay buyers can choose to pay with a breadth of popular and relevant payment options including major credit and debit cards, buy now pay later, and digital wallets. All eligible purchases are automatically covered by eBay’s Money Back Guarantee for no additional fee.

eBay Ventures has also made a strategic investment in TrueLayer. This milestone follows a year of strong momentum for Pay by Bank across Europe, as merchants increasingly prioritize fast, safe, and flexible payment options that align with evolving consumer payment preferences. For TrueLayer, it represents both a commercial and strategic leap forward - one that underscores how execution and innovation continue to set the company apart.