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APIs · head to head

Token.io vs Yapily

Token.io logo

Token.io

APIs

Account to account pay by bank infrastructure across the UK and Europe

From
On request
Rated
-
Full reviewWebsite
Yapily logo

Yapily

APIs

Open banking API infrastructure for account data and pay-by-bank payments across Europe

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Yapily has a free tier, so it costs nothing to try first.
  • Each has a real cost: Token.io account to account payments carry no chargeback scheme, so merchants gain cost savings but consumers lose the dispute protection cards provide, which limits adoption in general retail.; Yapily production pricing itself is not published; only the resulting typical merchant transaction cost is publicly known, so the underlying platform fee still requires a sales conversation.
  • They diverge on capability: Token.io covers Variable recurring payments, Yapily covers Unified open banking API.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Token.io and Yapily actually diverge.

Attributes where Token.io and Yapily differ
AttributeToken.ioYapily
Starting priceOn requestFree
Pricing modelquoteFree sandbox, pay-as-you-go production
Free tierNoYes

Identical on both: platforms (Web, API), 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 Token.io

  • Variable recurring payments
  • Bank network coverage
  • giroAPI membership
  • Payouts and refunds
  • Data and account information
  • Hosted payment pages
  • Reconciliation reporting

Only in Yapily

  • Unified open banking API
  • Account information access
  • Free sandbox
  • Multi-country bank coverage
  • Webhooks and reconciliation tooling

Both cover

  • Payment initiation

What people use each for

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

Token.io

  • A utility or telecom collecting high value bills where card interchange makes acceptance expensivenot Yapily
  • An investment or trading platform funding customer accounts without card chargeback exposurenot Yapily
  • A payment service provider adding pay by bank to its merchant proposition without building bank connectivitynot Yapily
  • A German merchant using giroAPI scheme access for recurring and future dated bank paymentsnot Yapily

Yapily

  • A merchant wanting a lower-cost payment method alongside card acceptancenot Token.io
  • A lending or budgeting product needing bank account data for affordability checksnot Token.io
  • A business wanting one API instead of separate integrations to each bank's own open banking standardnot Token.io
  • A company prototyping open banking features for free in sandbox before committing budgetnot Token.io

Where each one falls short

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

Token.io

  • Account to account payments carry no chargeback scheme, so merchants gain cost savings but consumers lose the dispute protection cards provide, which limits adoption in general retail.
  • Conversion depends on each bank's own authentication journey, and slow or broken bank redirects cost sales in ways the merchant cannot fix or even always diagnose.
  • Variable recurring payments beyond sweeping are still being rolled out unevenly across banks and markets, so a subscription use case may be supported at one bank and not another.
  • Token.io initiates payments rather than acting as acquirer of record, so merchants still need settlement, safeguarding and reconciliation arrangements elsewhere.
  • Coverage and feature parity vary by country, so a pan European rollout means different capabilities and different bank behaviour in each market rather than one uniform product.

Yapily

  • Production pricing itself is not published; only the resulting typical merchant transaction cost is publicly known, so the underlying platform fee still requires a sales conversation.
  • Consumer adoption of pay-by-bank still lags card payments, so merchants offering it as a checkout option typically see it used as a secondary rather than primary payment method.
  • Coverage depends on the banks in each country maintaining reliable open banking APIs, and inconsistent bank-side reliability across markets is a known category-wide weakness, not unique to Yapily but not solved by it either.
  • As infrastructure for both account data and payments, a company only needing one of those two capabilities is still evaluating a broader platform than it may need.
  • Regulatory dependence on PSD2 and UK open banking rules means the underlying legal framework, not just Yapily's product, could shift and affect what is possible on the platform.

Pricing, plan by plan

Token.io

On request
  • Token.io platform$undefined/year
    • Quoted per customer, typically per initiated payment
    • Volume tiers and monthly minimums are common
    • No interchange, so unit cost is usually well below card acceptance

Yapily

Free
  • SandboxFree
    • Free testing environment
    • UK and European bank connections for development
  • Production$undefined/month
    • Pay-as-you-go pricing, exact rates not published
    • Typical pay-by-bank cost of 0.1 to 0.5% or a flat 5 to 30 pence per transaction

Which should you pick?

Choose Token.io if

  • You need variable recurring payments.
  • You work on Web, API.
  • You also want bank network coverage.
Token.io review

Choose Yapily if

  • You need unified open banking api.
  • You want to start without paying.
  • You work on Web, API.
  • You also want account information access.
Yapily review

Questions people ask

Is Token.io or Yapily better?
Neither clearly leads. Token.io starts at On request and Yapily at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Token.io or Yapily?
Yapily has a free tier; the other does not. Paid plans start at On request for Token.io and Free for Yapily.
Does Token.io or Yapily run on more platforms?
Both run on Web, API, so platform support will not decide this one for you.
Can I use Yapily for free?
Yes. Yapily has a free tier, so you can try it without paying. Token.io starts at On request.
What is Token.io best used for?
Token.io is most often used for a utility or telecom collecting high value bills where card interchange makes acceptance expensive, an investment or trading platform funding customer accounts without card chargeback exposure, a payment service provider adding pay by bank to its merchant proposition without building bank connectivity, a german merchant using giroapi scheme access for recurring and future dated bank payments. Of those, a utility or telecom collecting high value bills where card interchange makes acceptance expensive and an investment or trading platform funding customer accounts without card chargeback exposure are not what Yapily is typically brought in for.
What can Token.io do that Yapily cannot?
Token.io covers Variable recurring payments, Bank network coverage, giroAPI membership, Payouts and refunds. Yapily covers Unified open banking API, Account information access, Free sandbox, Multi-country bank coverage. Both handle Payment initiation.

Answered from the vendors’ own pages

Token.io: Does pay by bank remove card fees?

It removes interchange and scheme fees, so unit cost is normally far below card acceptance, particularly on high value payments.

Yapily: Is there a free way to try it?

Yes, sandbox access is free for development and testing.

Token.io: What about chargebacks?

There are none. That is the cost saving and the consumer protection gap, which is why it suits bills, top ups and account funding more than retail.

Yapily: How much cheaper is pay-by-bank than card payments?

Typically 0.1 to 0.5% of transaction value, or a flat 5 to 30 pence, against 1.5 to 3.5% for card scheme fees.

Token.io: Is Token.io regulated?

Yes, it is an authorised third party provider under UK and European open banking rules, but it initiates payments rather than holding merchant funds as an acquirer.

Yapily: Is production pricing published?

No, production access is pay-as-you-go but exact rates require a sales conversation.

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