UK Open Banking Payment Providers and What They Charge

Ask three open banking payment providers for a price and you can get three different kinds of answer: a percentage of each payment, a percentage with a cap, or a flat monthly fee with no percentage at all. Any one of them can come out lowest, depending on how many payments you take and how large they are, which is why a list of provider names does not tell a finance team much on its own.

Open banking payment providers are the firms that let a business take Pay by Bank. The customer chooses their bank, approves the payment in their own Bank app, and the money moves over Faster Payments with no card involved, which is why the same thing is also sold as an account-to-account (A2A) payment. This page compares eight providers that UK businesses come across, on the prices each one publishes on its own UK pricing page, checked on 27 September 2026, and works those prices through two real months: one of many small payments and one of a few large ones.

What an open banking payment provider does, and which kind you need

Every Pay by Bank payment starts the same way. A regulated payment initiation service sends the customer’s bank a request with the amount and payee already filled in, the customer approves it, and the bank sends the money over the UK’s real-time payments system. Where providers differ is in who they are built for. Merchant-facing providers give you finished tools: a QR code for the counter, payment links, an online checkout, a pay-now button on invoices and a dashboard for refunds and reporting. Infrastructure providers sell an API that your developers, or the software platform you run on, build into their own product, and they price it by quote.

The rail itself is well proven: Open Banking Limited recorded 40.16 million open banking payments in June 2026, 32.43 million of them single domestic payments. If you are building payments into software, our guide to open banking APIs covers that side, and Open Banking Limited keeps the official list of regulated providers enrolled in its directory. Everything below is written for a business choosing a provider to take payments from its own customers.

Open banking payment providers compared on published fees

The table sets each provider’s published UK price for a Pay by Bank payment next to its monthly charges, whether it takes Pay by Bank in person, and whether cards run on the same account.

A few notes on reading it. Atoa, GoCardless and Wonderful quote their prices before VAT, which is added to their fees. GoCardless’s Advanced and Pro plans cost more per payment, 1.25% + 20p capped at £5 and 1.4% + 20p capped at £5.60, in return for failed-payment recovery and fraud tools. Adyen charges its £0.11 processing fee in pounds and its open banking fee in euros, so the sterling cost moves with the exchange rate.

What the fees come to on two real months

Percentages and caps only mean something against your own payments, so here are two months worked through at the published rates above. Month A is a retail or hospitality group taking £100,000 a month that moves 40% of it onto Pay by Bank: £40,000 across 1,000 payments of £40. Month B is a business paid in large amounts, such as a car dealer group taking deposits and balances or a B2B firm paid on invoice, collecting £100,000 by bank across 50 payments of £2,000. Each provider is priced on its online rate so the rows compare like with like, and Atoa’s in-person rate, which drops the 20p, has its own row.

How the figures are worked: Atoa online in Month A is 0.7% of £40,000, or £280, plus 1,000 × 20p, or £200, making £480. Stripe in Month B is 0.5% of £2,000 plus 20p, or £10.20 a payment, cut to the £5 cap, so 50 × £5 = £250. Wonderful’s Plus plan includes 800 payments for £48 and the other 200 cost 4p each, making £56; its Starter plan would cost £24 + 700 × 6p = £66.

Month A: many small payments

On a £40 payment the fixed 20p is between a third and a half of the whole fee, so the pence matter more than the percentage. That is why Atoa’s in-person rate, with no fixed fee, comes to £280 against £480 online for the same takings, while Stripe’s 0.5% + 20p comes to £400 and GoCardless’s 1% + 20p to £600. Wonderful’s flat plan is the lowest line by a distance, £56 for 1,000 payments, because it charges nothing per payment inside the allowance. The trade-off is that it takes only Pay by Bank, so every customer who pays by card still needs another provider. Each Pay by Bank price in that column, Adyen’s aside, is below the £720 the same payments would cost by UK card online on Atoa.

Month B: a few large payments

On large payments a cap changes the answer. GoCardless’s £4 cap applies to every payment above £380 and Stripe’s £5 cap to every payment above £960, so a £2,000 payment costs £4 or £5 and the month comes to £200 or £250. Fifty payments fit inside Wonderful’s Starter allowance, so its month costs £24. Atoa’s published rate has no cap, which puts the same month at £710 online, the highest Pay by Bank figure in the table, although well under the £1,310 those payments would cost by UK card. Against GoCardless’s Standard plan, Atoa’s online rate is lower on any payment below about £543 and higher above it, so the average size of your payments matters as much as the headline rate. Where most of the money arrives on invoices, how paying invoices by bank fits your accounting software matters too.

At this size, the published rate is a starting point

Month B’s business collects £1.2 million a year by bank, and at that level four of the eight providers say in their own pricing that they will quote on volume. Atoa offers custom pricing to businesses turning over more than £500,000, GoCardless has a Custom plan for businesses with £1 million or more in annual revenue, Stripe offers custom pricing based on volume, and Adyen calls its published fees indicative. TrueLayer and Yapily quote everything. Use the table as a benchmark: ask each provider on your shortlist, Atoa included, to quote on your real mix of payment sizes, and hold any percentage quote up against the capped and flat prices above. Our breakdown of what open banking payments cost explains each pricing model, and how open banking payments cut costs shows where the saving against cards comes from.

Where each provider fits

Atoa

Atoa is an FCA-authorised UK payments platform (FRN 1007647) built for established and multi-site businesses that take money in several ways at once. Pay by Bank starts at 0.7% in person and 0.7% + 20p online and by link, ex VAT, and falls as volume rises. UK card payments start at 1.3% in person and 1.3% + 20p online, and are provided by Rapyd Payments Limited (FRN 900688). The same terminal, payment link and online checkout take both, and QR codes take cards too if card payments are enabled on your account, so the customer chooses how to pay and the business reconciles one set of payments. Pay by Bank payments are confirmed in seconds and paid out instantly or on the next working day, depending on your settlement setup, and a single payment can be up to £15,000.

Of the eight, Atoa is the only provider whose published pricing covers Pay by Bank in person and online alongside card payments. Pay by Bank works at the till through integrations with EPOS systems including Tevalis, pointOne, TillTech and Epos Now, at Shopify, WooCommerce and Magento checkouts, and on Xero, QuickBooks and Sage invoices, all under one account with no contract. The Growth plan, £79 per location a month ex VAT, adds multi-location and multi-business support, custom roles, up to five bank accounts and Google review requests after each payment; the pricing page sets out every plan. Recurring Pay by Bank is listed there as coming soon, so a business collecting subscriptions today needs another provider for that part.

GoCardless

GoCardless built its business on Direct Debit and now sells bank payments alongside it: one-off and invoice payments through Instant Bank Pay, and a newer Recurring Pay by Bank product. Its Standard plan charges 1% + 20p a payment, capped at £4 for UK payments, ex VAT, with no monthly fee, and the cap makes it one of the lowest-cost options here for large invoices. It connects to more than 350 business tools including Xero and QuickBooks. Showing your own name on customers’ bank statements, instead of GoCardless’s, costs £50 a month, and a fully custom checkout £150. It suits a business that already collects by Direct Debit and wants one-off bank payments in the same place, and our guide to choosing a GoCardless alternative covers the opposite move. GoCardless Ltd is authorised by the FCA (FRN 597190).

Stripe

Stripe lists Pay by Bank among its payment methods at 0.5% + 20p a successful payment, capped at £5, with international bank payments costing 1.5% more. Standard UK cards cost 1.5% + 20p online on the same account, so a business whose checkout already runs on Stripe can add Pay by Bank without a second provider. Stripe’s pricing page does not show Pay by Bank at the point of sale, so check before planning to use it at a counter.

Wonderful

Wonderful is a UK Pay by Bank provider (FCA FRN 964289) priced on flat monthly plans with no percentage fee: Starter at £24 a month for 300 payments, Plus at £48 for 800 and Pro at £96 for 2,400, each plus VAT, with 6p, 4p or 2p for every payment over the allowance. It sends payment links by text, WhatsApp or email and takes payments in person or remotely; Plus adds a WooCommerce or Xero integration, and Pro adds both with API access and custom branding. It advertises instant settlement on every plan and a one-month free trial, and points larger businesses to Asima, its enterprise division. On Pay by Bank fees alone it is the lowest-cost provider in both of our months; because it does not take cards, it works alongside a card provider rather than replacing one.

Adyen

Adyen prices every payment method as a fixed £0.11 processing fee plus a method fee. Open banking in the UK costs £0.11 + €0.50 a payment online, and cards cost £0.11 + Interchange++ + 0.60%, a model that passes interchange and scheme fees straight through. There is no setup or monthly fee, but Adyen applies a minimum invoice that depends on industry and business model and describes its published fees as indicative, so it fits businesses large enough to meet that minimum, particularly those already using Adyen for cards.

TrueLayer and Yapily

TrueLayer and Yapily are infrastructure providers, and neither publishes a price list. TrueLayer runs a Pay by Bank network that it says handles almost half of all UK Pay by Bank payments and is built for enterprise businesses, with ecommerce, iGaming, financial services, travel and crypto among the industries it serves; it asks merchants to talk to its team about pricing and is authorised by the FCA (FRN 901096). Yapily sells open banking payments, variable recurring payments and bank data through an API to accounting software firms, payment companies, banks and lenders, with pricing agreed with its team; its regulated activity sits with Yapily Connect Ltd (FCA FRN 827001), as Yapily Ltd itself is not regulated. Either makes sense when your own developers are building Pay by Bank into a product. A business that wants to take Pay by Bank from its own customers, at a counter or on an invoice, is better served by a merchant-facing provider.

Crezco

Crezco now describes itself as an embedded payments API that lets software platforms move money for their users without leaving the platform. Its pricing page lists plans at £10, £20 and £27 a month and international payments from 0.35%, but shows no fee for a domestic payment, so a business would need a quote to put it in the tables above. Crezco is authorised by the FCA as an electronic money institution (FRN 1027543).

What the price list does not tell you

Four questions decide more than the fee. The first is where you take payments. If customers pay at a counter, a table or a reception desk, you need Pay by Bank on a QR code or terminal there, and of the published price lists above only Atoa’s and Wonderful’s include in-person payments. The second is cards. They made up 64% of the 48.8 billion payments made in the UK in 2024, according to UK Finance, so most businesses will keep taking them, and a provider that offers Pay by Bank and cards on the same link, checkout and terminal saves running and reconciling two systems.

The third is how the money arrives. Atoa confirms each Pay by Bank payment in seconds and pays out instantly or on the next working day, depending on the settlement setup you choose; Wonderful advertises instant settlement; GoCardless says its Recurring Pay by Bank settles the same day. One end-of-day payout is easier to reconcile, and a provider holding the day’s funds can send a refund from its dashboard without asking the customer for bank details, while payment straight to your account puts cash in the bank sooner, so ask which you are getting. The fourth is limits. Every bank caps what its customers can send and providers set their own limits too; Atoa’s is £15,000 a payment, and a larger balance can be split across two payments or paid by card.

If you bill the same customers every month, check recurring payments on their own. Commercial variable recurring payments, the open banking version of a standing authorisation, are on sale from some providers: Wonderful publishes prices of 18p, 16p and 14p a payment depending on the plan, and GoCardless sells Recurring Pay by Bank. Atoa lists recurring Pay by Bank as coming soon. Direct Debit remains the established alternative, at 1% + 20p capped at £4 on GoCardless’s Standard plan, plus 0.3% on Direct Debits over £2,000. Where recurring open banking goes next is covered in the future of payments in an open banking world.

Finally, look the firm up on the FCA register to confirm it is authorised for the service it is selling you, and read the contract for minimum terms, monthly minimums and exit fees. Our checklist for comparing Pay by Bank providers takes each question in turn, and if you are choosing the whole setup, card terminals included, our guide to choosing a payment system for your business works a £100,000 month through eight providers.

To see what your own mix of payments would cost, book a demo and we’ll run the numbers with you, or start a 7-day free trial and take Pay by Bank alongside your current provider before you decide.

Frequently asked questions

Who are the main open banking payment providers in the UK?

For a business taking payments from its own customers, UK providers that publish Pay by Bank prices include Atoa, GoCardless, Stripe, Wonderful and Adyen, while Crezco publishes monthly plans but no domestic payment fee. TrueLayer and Yapily are infrastructure providers that sell an API and quote prices individually. Open Banking Limited publishes the full list of regulated providers enrolled in its directory.

Which open banking payment provider has the lowest fees?

It depends on the size and number of your payments. On prices published in September 2026, Wonderful’s flat plans cost the least for Pay by Bank alone, from £24 a month for up to 300 payments, and on large single payments GoCardless’s £4 cap and Stripe’s £5 cap cost less than any uncapped percentage. Atoa charges from 0.7% in person and 0.7% + 20p online, and takes cards on the same account.

How much does Pay by Bank cost a UK business?

Published prices range from a flat monthly fee to a percentage of each payment. Taking £40,000 by bank across 1,000 payments of £40 costs £56 on Wonderful’s Plus plan, £280 with Atoa in person, £400 on Stripe, £480 with Atoa online and £600 on GoCardless’s Standard plan, against £720 by UK card online on Atoa. Atoa, GoCardless and Stripe all offer custom pricing at higher volumes.

What is the difference between an open banking payment provider and an open banking API provider?

A merchant-facing open banking payment provider gives a business ready-made ways to take Pay by Bank, such as QR codes, payment links, online checkouts and pay-now buttons on invoices, with a dashboard for refunds and reporting. An API provider such as TrueLayer or Yapily sells the connection to the banks for developers to build into their own product, and prices it by quote.

Can a business take Pay by Bank in person as well as online?

Yes, if the provider supports it. The customer scans a QR code at the till, on a terminal or on the bill and approves the payment in their Bank app. Of the published price lists compared here, Atoa’s and Wonderful’s include in-person payments, and Atoa charges 0.7% in person with no fixed fee and takes cards on the same terminal.

How do I check an open banking payment provider is regulated?

Search for the firm on the FCA register and check it is authorised for the payment services it is selling you. Atoa’s reference number is 1007647, GoCardless’s 597190, Wonderful’s 964289 and TrueLayer’s 901096; Yapily’s regulated business is Yapily Connect Ltd, 827001, and Crezco is an electronic money institution, 1027543.

Sources

• Atoa, pricing and Pay by Bank, checked 27 September 2026
• GoCardless, pricing, checked 27 September 2026
• Stripe, UK payment method pricing, checked 27 September 2026
• Wonderful, plans and pricing, checked 27 September 2026
• Adyen, UK pricing, checked 27 September 2026
• Crezco, pricing, checked 27 September 2026
• TrueLayer, home page (no public price list), checked 27 September 2026
• Yapily, pricing, checked 27 September 2026
• Open Banking Limited, Open Banking surpasses one billion payments and 100 billion API calls, 30 July 2026 (June 2026 volumes)
• Open Banking Limited, Regulated providers, checked 27 September 2026
• UK Finance, UK Payment Markets 2025, summary (2024 payment volumes)
• Financial Conduct Authority, Financial Services Register