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Accounting · head to head

Dodo Payments vs Trustly

Dodo Payments logo

Dodo Payments

Accounting

Unified billing, payments, and distribution for AI and SaaS companies

From
$4/percent + $0.40
Rated
-
Full reviewWebsite
Trustly logo

Trustly

APIs

Pay-by-bank payments network, majority-owned by private equity firm Nordic Capital

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Dodo Payments per-transaction fees higher for specialized payment methods; Trustly it is majority-owned by Nordic Capital, a private equity firm, so its long-term roadmap is ultimately oriented toward an eventual sale or IPO rather than indefinite independent operation.
  • They diverge on capability: Dodo Payments covers Global Payments, Trustly covers Pay by bank checkout.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Dodo Payments and Trustly actually diverge.

Attributes where Dodo Payments and Trustly differ
AttributeDodo PaymentsTrustly
Starting price$4/percent + $0.40On request
Pricing modelPercentage of transaction plus fixed per-transaction feequote
PlatformsWeb, API, SDKWeb, API
CategoryAccountingAPIs
Founded2024Unknown

Identical on both: free tier (No), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Dodo Payments

  • Global Payments
  • Multi-Currency Support
  • Flexible Billing Models
  • Merchant of Record
  • Developer-Friendly SDKs
  • No-Code Checkout
  • PCI DSS Level 1

Only in Trustly

  • Pay by bank checkout
  • Instant refunds
  • Verified payouts
  • Multi-market bank connectivity
  • Merchant dashboard and reconciliation
  • Fraud and risk tooling

What people use each for

The jobs each tool is most often brought in to do.

Dodo Payments

  • Billing for AI API usage across multiple international marketsnot Trustly
  • Processing subscriptions with usage-based overagesnot Trustly
  • Accepting local payment methods in emerging marketsnot Trustly
  • Launching global SaaS products without multi-country payment setupnot Trustly

Trustly

  • An e-commerce merchant wanting a lower-cost alternative or complement to card payment acceptancenot Dodo Payments
  • A gaming or gambling operator needing verified, instant payouts to players' bank accountsnot Dodo Payments
  • A merchant wanting instant refunds processed directly to a customer's bank account rather than card reversal delaysnot Dodo Payments
  • A business in a market with strong open banking adoption wanting pay-by-bank as a checkout optionnot Dodo Payments

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Dodo Payments

  • Per-transaction fees higher for specialized payment methods
  • BNPL and PayPal surcharges add cost complexity
  • ACH/SEPA fees capped at $15/$15 EUR may not scale for large transactions
  • Startup program requires application process

Trustly

  • It is majority-owned by Nordic Capital, a private equity firm, so its long-term roadmap is ultimately oriented toward an eventual sale or IPO rather than indefinite independent operation.
  • Consumer familiarity with paying by bank transfer still lags card payments in most markets, so merchants typically see it used as a secondary option rather than a full card replacement.
  • The 1.15 to 3.15% merchant fee range is not a single published rate, so a merchant cannot know its actual cost without a sales negotiation.
  • As with all open banking-dependent payment methods, reliability depends on the consistency of the underlying banks' own APIs, which Trustly does not control.
  • Its verified payout functionality is heavily used in gaming and gambling, a sector with additional regulatory scrutiny, which is worth factoring in when evaluating vendor risk exposure by association.

Pricing, plan by plan

Dodo Payments

$4/percent + $0.40
  • StandardFree
    • 4% + $0.40 per domestic US transaction
    • International: +1.5%
    • Subscription billing: +0.5%
  • EnterpriseFree
    • Custom pricing negotiated
    • Unified platform for billing, payments, and distribution
    • Cross-border compliance support
  • Startup ProgramFree
    • Up to 12 months free credits
    • Preferential rates on full platform
    • Access to 40+ payment methods

Trustly

On request
  • Trustly$undefined/month
    • Typical merchant cost of 1.15% to 3.15% depending on volume and market
    • Exact rate negotiated per merchant, not published as a flat card

Which should you pick?

Choose Dodo Payments if

  • You need global payments.
  • You work on Web, API, SDK.
  • You also want multi-currency support.
Dodo Payments review

Choose Trustly if

  • You need pay by bank checkout.
  • You work on Web, API.
  • You also want instant refunds.
Trustly review

Questions people ask

Is Dodo Payments or Trustly better?
Neither clearly leads. Dodo Payments starts at $4/percent + $0.40 and Trustly at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Dodo Payments or Trustly?
Dodo Payments starts at $4/percent + $0.40 and Trustly at On request.
Does Dodo Payments or Trustly run on more platforms?
Dodo Payments runs on Web, API, SDK. Trustly runs on Web, API.
What is Dodo Payments best used for?
Dodo Payments is most often used for billing for ai api usage across multiple international markets, processing subscriptions with usage-based overages, accepting local payment methods in emerging markets, launching global saas products without multi-country payment setup. Of those, billing for ai api usage across multiple international markets and processing subscriptions with usage-based overages are not what Trustly is typically brought in for.
What can Dodo Payments do that Trustly cannot?
Dodo Payments covers Global Payments, Multi-Currency Support, Flexible Billing Models, Merchant of Record. Trustly covers Pay by bank checkout, Instant refunds, Verified payouts, Multi-market bank connectivity.

Answered from the vendors’ own pages

Dodo Payments: What countries does Dodo Payments support?

Dodo Payments operates in 220+ countries with 40+ local payment methods and support for 80+ currencies.

Source
Trustly: Who owns Trustly?

Nordic Capital, a private equity firm, holds a 51.1% majority stake; Alfven & Didrikson and BlackRock hold smaller stakes.

Dodo Payments: Does Dodo handle tax compliance?

Yes, Dodo Payments acts as merchant of record and handles sales tax, VAT, and GST compliance automatically across all markets.

Source
Trustly: Is Trustly going public?

It has discussed an IPO but as of its most recent comments said one remained at least a year away.

Dodo Payments: Is there a startup program?

Yes, early-stage companies can apply for up to 12 months of free credits plus preferential rates on the full platform.

Source
Trustly: What does it typically cost a merchant?

Roughly 1.15% to 3.15% of transaction value depending on volume and market, negotiated per merchant.

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