At the highest level, the types of payment you can make are:
However, you can combine these payment types and use them with other TrueLayer products to accommodate many payment scenarios.
If you receive payments into a TrueLayer merchant account, you can make secure and immediate payments or refunds back to the account that made the payment.
This can be used for a wide range of applications, such as investment apps or ecommerce.
This can be useful for almost all businesses. However, it can be very useful for iGaming. TrueLayer has a PIS license, so can facilitate payments for companies without one.
You can use the Payments API with the Verification API to make secure payouts to a user's other accounts. The Verification API confirms that a user's name matches the name on other bank accounts. Combined with open-loop payouts, you can make secure payouts to customers.
This can be useful for iGaming businesses.
After you have integrated the Payments API, you can use it with Signup+. By doing this, you can collect a customer's user details through a single initial payment, including, name address, and date of birth.
This simplifies the registration processes, speeding up onboarding and decreasing the number of customers who drop out before making a payment.
Updated 7 months ago