Variable recurring payments
On time, every time
Reduce costs, fraud and friction with variable recurring payments — powered by open banking.
How can I use variable recurring payments?
Credit and lending
Let customers set up flexible and secure repayment plans. And increase success rates by confirming availability of funds before taking a payment.
Savings and personal finance apps
Vary the amount for automatic savings and investments based on your customer’s financial situation.
Current accounts
Allow customers to automatically top up their current account when the balance is low to help them avoid overdraft fees.
While direct debits and card payments can take up to five days to arrive, open banking VRPs settle in seconds — helping you stay on top of your cash flow.
- Instant pay-ins
- Real-time payment confirmation
Power up VRPs
Get more from variable recurring payments with our add-ons.
“This isn’t innovation for the sake of it. VRPs deliver meaningful benefits — consumers are firmly in control, the service is secure and user friendly, the cost of service is competitive, and regular payment approval rates are likely to be phenomenal.
Read case studyColin Hollingsbee, CIO
Experience the user journey
User wants to set up a regular payment
How customers benefit from VRPs
More control
Set maximum payment amounts, collection dates and a time limit on the mandate consent.
Full visibility
See all existing mandates in one place and receive live notifications when payments are processed.
Less friction
Authorise recurring payments just once with fingerprint of facial recognition — no need to enter any details manually.
Integration toolkit
Everything you need to build faster with TrueLayer.
Payment UIs
Optimise conversion with our plug-and-play embedded payment page and hosted payment page.
Platform plugins
Add bank payments to your online shop with our WooCommerce and Magento plugins.
Mobile SDKs
Build a smoother mobile payments experience with SDKs for iOS, Android and React Native.
Libraries
Explore our backend libraries in Java, PHP, C# and Javascript/Node.
Explore TrueLayer for your industry
Get started
Talk to us
Our teams are on hand to advise and answer your questions.
FAQs
They offer a new way to initiate recurring payments and move money securely — all powered by open banking. VRPs are faster and more cost-effective than direct debit or card-on-file transactions.