Paylike VS TrueLayer

Paylike Reviews

1. Sam Foster    

   Head of Risk and Compliance at LoyalTech | over 2 years ago
   Scam tactics to withhold funds! Not recommended

   This payment provider cannot be considered as reliable, due to a number of factors. They make up excuses to not execute a settlement under the obligatory monitoring that is ridiculous. Paylike has accepted the project after initial compliance - once we were ready to accept payments we were switched to LIVE. After roughly a month of processing we requested a settlement that has not been executed. Instead the company has decided to show their true nature and insisted on project monitoring due to violations of the agreement (the POSTBACK URL was different from the original URL of the project. This was explained during the call and via email correspondence - we use third party cashier - we have even sent the agreement to back up our statements). We have involved a director in a video call, he has shown his passport and on top of that we provided all of the possible documents, yet they demanded contracts of employees including people that took their apperance on the marketing materials on the website. This is just insane. This so called payment service provider has suspended the account and notified us that it will withhold the funds up to 1.5 years due to potential chargebacks that may take place. This is not the service you need - trust me. They do not have the prompt support like others may offer, only email threads and considering the stated above - THINK TWICE BEFORE PROCEEDING WITH PAYLIKE.

   🏁 Competitors: Stripe, MangoPay

   👍 Pros:    Conversion

   👎 Cons:    Lack of support|Forget about payouts|Time consuming integration|Not user friendly interface

TrueLayer Reviews

Paylike mentions (0)

TrueLayer mentions (4)

• BANKING AS A SERVICE? ANOTHER WAY BUSINESSES MAKE MONEY

  Sounds like Open Banking which is government driven & regulated, depending on where you are. There are a couple of startups that act as an abstraction layer to try to make the experience "frictionless", like TrueLayer. Source: over 1 year ago

• I'm an experienced programmer trying to build my first website for my clothing brand using JavaScript, HTML and CSS, but I have a few serious questions regarding the problems I might encounter while creating such a website

  You won't avoid interfacing with an API. Even if you don't want to use Stripe/PayPal, you'll need to wrestle with a banks own API or some kind of broker. TrueLayer is a popular way in Europe to access banks that support the Open Banking API. It is through a banking API that you will get confirmation that a payment has been made, so there should be no chance of sending items "for free". Unless you're posting... Source: over 1 year ago

• Why do some traditional banks still not offer open banking?

  I had a subscription with TrueLayer. The API service was smooth and their team updated me from time to time. They even helped me with regulation by giving us an agency under their FCA license. Eventually I transferred to Nordigen due to a friend’s recommendation. It was also free so why not. It was easy to integrate their program to my business model. One particular program I am happily using that involves open... Source: over 2 years ago

• Open Beta Ending: A last chance to get FOREVER FREE ACCESS to a money app

  • The technology that helped us connect you with your banks is powered by TrueLayer Ltd, which is regulated by the UK Financial Conduct Authority (FCA) and their registration number is 901096. We are also registered with the FCA (928953), as an agent of TrueLayer. You will see their interface when you choose your banks as well as a statement in our app stating this relationship. More info about TrueLayer if you... - Source: Hacker News / almost 3 years ago