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APIs · head to head

Enfuce vs Trustly

Enfuce logo

Enfuce

APIs

European issuer processor holding its own payment institution licence

From
On request
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: Enfuce coverage is European, so a programme that also needs US or Asian issuing requires a separate processor and a separate integration.; 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: Enfuce covers Licensed issuing, 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 Enfuce and Trustly actually diverge.

Attributes where Enfuce and Trustly differ
AttributeEnfuceTrustly
PlatformsWeb, REST APIWeb, API

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (APIs).

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 Enfuce

  • Licensed issuing
  • Card processing
  • Tokenisation
  • Spend controls
  • Multi-currency programmes
  • Carbon and data services

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.

Enfuce

  • A European fintech launching cards without spending two quarters finding a sponsor banknot Trustly
  • A corporate issuing fuel or expense cards across several EU countries on one programmenot Trustly
  • A bank migrating an existing European card portfolio off a legacy processornot Trustly
  • A programme that must report cardholder transaction carbon data to meet sustainability commitmentsnot Trustly

Trustly

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

Where each one falls short

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

Enfuce

  • Coverage is European, so a programme that also needs US or Asian issuing requires a separate processor and a separate integration.
  • Where Enfuce acts as the licensed issuer it takes on regulatory risk and prices accordingly, so the convenience of skipping a sponsor bank is not free.
  • European interchange caps limit programme revenue far below US levels, so business cases imported from a US card model do not survive the move.
  • It is a smaller supplier than Marqeta or i2c, which means less negotiating room on scheme fees and a thinner partner ecosystem around it.
  • Pricing is entirely quoted with monthly minimums, so low-volume programmes carry a fixed cost that does not scale down with a slow launch.

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

Enfuce

On request
  • Enfuce issuing and processing$undefined/year
    • Per-active-card and per-transaction fees with monthly minimums
    • Higher pricing where Enfuce acts as licensed issuer rather than processor only
    • Interchange arrangements depend on who holds the issuing licence

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 Enfuce if

  • You need licensed issuing.
  • You work on Web, REST API.
  • You also want card processing.
Enfuce 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 Enfuce or Trustly better?
Neither clearly leads. Enfuce starts at On request and Trustly at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Enfuce or Trustly?
Enfuce starts at On request and Trustly at On request.
Does Enfuce or Trustly run on more platforms?
Enfuce runs on Web, REST API. Trustly runs on Web, API.
What is Enfuce best used for?
Enfuce is most often used for a european fintech launching cards without spending two quarters finding a sponsor bank, a corporate issuing fuel or expense cards across several eu countries on one programme, a bank migrating an existing european card portfolio off a legacy processor, a programme that must report cardholder transaction carbon data to meet sustainability commitments. Of those, a european fintech launching cards without spending two quarters finding a sponsor bank and a corporate issuing fuel or expense cards across several eu countries on one programme are not what Trustly is typically brought in for.
What can Enfuce do that Trustly cannot?
Enfuce covers Licensed issuing, Card processing, Tokenisation, Spend controls. Trustly covers Pay by bank checkout, Instant refunds, Verified payouts, Multi-market bank connectivity.

Answered from the vendors’ own pages

Enfuce: Do I need my own licence to use Enfuce?

Not necessarily. Enfuce holds Finnish payment institution authorisation and can act as issuer, or process under your own licence if you have one.

Trustly: Who owns Trustly?

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

Enfuce: Which regions does it cover?

Europe. It is not a route to issuing cards in the United States or Asia.

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.

Enfuce: How does interchange work?

Who holds the issuing licence determines who receives interchange, so the licensing choice and the revenue model are the same decision.

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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