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TrueLayer logo

TrueLayer

Open Banking Payments

A leading European open banking payments platform specializing in pay-by-bank and instant payouts. TrueLayer handles a significant portion of UK pay-by-bank transactions with high conversion rates, offering a direct bank payment alternative to cards. Well-suited for e-commerce, gaming, and financial services businesses looking to reduce payment costs.

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Stripe logo

Stripe

SaaS & Developers

A developer-first payment platform known for its exceptional API design and comprehensive documentation. Stripe offers a full suite of payment infrastructure tools supporting over 100 payment methods across 135+ currencies. Ideal for SaaS companies, startups, and any business that values a modern developer experience.

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Detailed Comparison

Side-by-side feature breakdown

Fees
TrueLayer

0.1-0.5%

Stripe

2.9% + $0.30

Category
TrueLayer
traditional
Stripe
traditional
Available Regions
TrueLayer
Europe
Stripe
North AmericaEuropeAsiaOceaniaLatin America
Key Features
TrueLayer
Instant Payments
Startup Friendly
Stripe
Instant Payments
Instant Sandbox
Recurring Payments
Startup Friendly
SDKs & Libraries
TrueLayer

5 Available

Stripe

11 Available

Payment Methods
TrueLayer

5 Supported

Stripe

18 Supported

Common Ground

Shared Regions

Europe

Shared Features

Instant PaymentsStartup Friendly

When to Choose Stripe

Choose Stripe if you need features like Instant Sandbox or Recurring Payments, or your business operates in North America or Asia, or you want a broader feature set. With fees of 2.9% + $0.30, it's ideal for businesses focused on saas & developers.

Frequently Asked Questions

What is the difference between TrueLayer and Stripe?

TrueLayer is best for open banking payments, while Stripe is best for saas & developers. TrueLayer charges 0.1-0.5% and Stripe charges 2.9% + $0.30. They differ in supported features, regions, and payment methods.

Which is cheaper, TrueLayer or Stripe?

TrueLayer charges 0.1-0.5% while Stripe charges 2.9% + $0.30. The best value depends on your transaction volume, business type, and required features. Compare their full fee structures for your specific use case.

Can I use both TrueLayer and Stripe together?

Yes, many businesses use multiple payment providers for redundancy, regional coverage, or to offer more payment methods. TrueLayer and Stripe can complement each other depending on your needs.