Verified Payouts, the right bank account every time

Does paying-out to the same bank account a deposit was made from seem harder than it should be? Our Verified Payouts solution takes out all the complexity and cost, getting money where it needs to be safely and instantly.

Balance

£250.00

Withdraw

Deposit

Your transactions

Deposit

Mastercard ****9876

£50.00

Deposit

Mastercard ****9876

£100.00

Deposit

Visa ****7754

£100.00

Withdraw

£100.00

Mastercard ******34

Available to withdraw: £150.00

Select method

Instant

Unlock instant withdrawals by connecting the bank account linked to your card.

1–3 working days

Card withdraw

Mastercard ****9876

Authenticate ID

Withdrawal success

£100.00 will instantly arrive in your bank account

(ref 123456)

Done

We’ve connected your Monzo account ••••••34 for future withdrawals and deposits.

Withdrawal initiated

Withdrawal amount

Consent

ID verification

Instant success

Withdrawal complete

Payout instantly

Payout successful

Money sent

Why are ordinary payouts such a headache?

In regulated industries, paying out winnings, or giving customers quick and easy access to their savings or investments can be problematic. And in non-regulated industries getting wages to the right place can be a headache too. Strict identity and account checks are needed to ensure funds are going to the right place.

Card-based withdrawals drive-up processing fees. Frequent payout failures increase the need for manual input. So, it can be a costly and slow process getting payouts to where they’re meant to be.

This is exactly the sort of problem we love to solve.

Our Instant Payouts + Verification combo to the rescue

We’ve combined our Instant Payouts product with our Verification add-on technology. Together they match the withdrawal request to the original depositing account, using the payee's name and transaction history.

This ensures funds are returned to the correct account and they settle in real-time. Once we’ve verified the customer and their account we can also make Pay by Bank their default method for future deposits as well as withdrawals.

This helps you save transactional and operational costs when funds come in and out.

Payment interface showing card details, bank linking notification, and payout success confirmation with various payment options.

What’s closing-the-loop all about?

And now for the really clever bit. No matter how the customer paid, whether it was by card or a digital wallet, our Verified Payouts solution will find the right bank account, no matter what.

We call this ‘closing the loop’— it ensures payouts are paid to the same verified account as the payin and reduces fraud, as well as preventing misdirected payments. All within regulatory guidelines.

Instant Payouts

A woman smiling at her phone while using her laptop with illustrative UI elements float around

A reassuring 99.67% payout success rate

Blue and pink gradient background with text: "99.67% Success rate, reducing customer service enquiries and operational overheads."

A cost-effective alternative

Verified Payouts allow you to bypass traditionally expensive payout methods. We cut out middle-men and move funds directly from account-to-account. This saves you transaction fees and operational costs, while giving customers funds in an instant.

100% closed-loop compliance

Verified Payouts ensures payouts return to the same verified account the user deposited from, irrespective of the original payment method. This keeps you compliant with UKGC and FCA guidelines, mitigates fraud, and prevents payout mismatches.

Increase sales

Once a customer uses Verified Payouts, their linked bank account becomes their default method for future deposits and withdrawals. This creates a frictionless, repeat payment experience, improving retention while lowering costs.

Automations

Say goodbye to manual payout processes. Automated retries and intelligent rerouting ensure a 99.67% payout success rate, reducing customer service enquiries and operational overheads.

Payouts your customers can bank on

Instant access to funds

Players receive their winnings within seconds, this means they can play again straight away. This increases satisfaction and engagement and in turn boosts brand loyalty.

Frictionless experience

No more expired cards, forgotten passwords, or payment failures. Verified Payouts seamlessly transitions users to Pay by Bank, ensuring one-click deposits and withdrawals. It’s win, win all round.

Our automated, real-time features boost efficiency

Name verification

Utilising open banking technology We automatically match the player’s name on the withdrawal request with the name on their bank account, reducing fraud and ensuring funds go to the right place.

Transaction verification

Beyond just name-matching, we verify transactions by detecting the original deposit and linking it to the withdrawal request, ensuring payouts go back to the correct originating account.

Instant settlement

With SEPA Instant and Faster Payments, your customers receive instant account-to-account payouts without the delays of traditional card networks, bypassing the need for cards to ensure your customers receive funds quickly and securely.

Automated payout retries and rerouting

Bank downtime and payment failures are automatically resolved through intelligent rerouting and retries, driving 99.67% success rates.

Join Europe’s leading Pay by Bank network

A variety of people in separate elements surrounding a successful payment

40%

UK Pay by Bank transactions processed by us

12M

Consumers in our Pay by Bank network

90%

Of returning users convert to Pay by Bank

$100B

Annualised payment volume

Join our Pay by Bank network and connect to Europe’s leading network. That’s 12 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.

In the UK alone, Pay by Bank transactions have more than tripled over the past three years, reaching 23 million monthly payments in 2024. With higher volumes of customer data, we ensure your user journeys are brilliantly optimised, turning every shopper into a loyal customer.

We make Verified Payouts easy to integrate for everyone

Whatever your team’s technical capability, we’ve got simple and tailored ways for you to plug in and get going.

Illustration of successful face ID on a mobile device in front of purple cgi particles

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.

Illustration of merchant connecting to bank in front of purple cgi particles

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.

Illustration of ecommerce checkout in front of purple cgi particles

Easy plugins & libraries

Pay by Bank is optimised for WooCommerce, Shopify and 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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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.

Console puts you in the driving seat

Ready to put your foot down? Console is brilliantly organised with all the tools and you need to accelerate your business. Breeze through billing, reconciliation breakdowns and download reports from an intuitively designed dashboard. Provide customers with refund updates and payment statuses, all from the one ultra-efficient hub.

TrueLayer Console screenshot on a Lavender background

Start building

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Our team helps keep your business flowing

Whatever technical support you need, our friendly team is here to help. As a venture backed business we’re hyper-focused on your success and can work at speed to help you meet your goals.

We have dedicated integration sales managers who are experts in your industry. They lock on to your business needs and proactively scope the best products and features and run tests to ensure you hit the ground running. They rally to meet your targets and troubleshoot any issues along the way.