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APIs · head to head

Trustly vs Volt

Trustly logo

Trustly

APIs

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

From
On request
Rated
-
Full reviewWebsite
Volt logo

Volt

APIs

Account-to-account pay by bank across Europe, the UK, Brazil and Australia

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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.; Volt account-to-account payments carry no chargeback mechanism, so consumers lose scheme dispute protection and merchants lose a familiar framework for handling claims.
  • They diverge on capability: Trustly covers Pay by bank checkout, Volt covers Pay by bank.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Trustly and Volt actually diverge.

Attributes where Trustly and Volt differ
AttributeTrustlyVolt
PlatformsWeb, APIWeb, REST 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 Trustly

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

Only in Volt

  • Pay by bank
  • Circuit Breaker
  • Virtual IBANs
  • Payouts and refunds
  • Verify
  • Stablecoin checkout

What people use each for

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

Trustly

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

Volt

  • A travel seller with high average order values paying percentage card fees it wants to replace with flat transfer feesnot Trustly
  • An iGaming operator needing fast deposits and payouts where card acceptance is restrictednot Trustly
  • A merchant with heavy card fraud that wants strongly authenticated irreversible paymentsnot Trustly
  • A marketplace verifying seller bank accounts before paying outnot Trustly

Where each one falls short

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

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.

Volt

  • Account-to-account payments carry no chargeback mechanism, so consumers lose scheme dispute protection and merchants lose a familiar framework for handling claims.
  • Refunds are outbound payments rather than reversals, which changes treasury handling and means a refund can fail for reasons a card refund never would.
  • Conversion is lower than a stored card because the shopper must complete a bank authentication journey, and drop-off varies significantly by bank.
  • Core pay by bank pricing is per transaction but refunds, payouts, virtual IBANs, Verify and fraud tooling are billed separately, so the real cost is a stack of line items.
  • Bank API availability and quality vary across markets, and an outage at a major bank removes a slice of your checkout with no fallback unless you keep cards live.

Pricing, plan by plan

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

Volt

On request
  • Volt pay by bank$undefined/year
    • Per successful transaction fee, quoted by volume and market
    • Separate charges for refunds, payouts, virtual IBANs and Verify
    • Circuit Breaker fraud tooling priced as an add-on

Which should you pick?

Choose Trustly if

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

Choose Volt if

  • You need pay by bank.
  • You work on Web, REST API.
  • You also want circuit breaker.
Volt review

Questions people ask

Is Trustly or Volt better?
Neither clearly leads. Trustly starts at On request and Volt at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Trustly or Volt?
Trustly starts at On request and Volt at On request.
Does Trustly or Volt run on more platforms?
Trustly runs on Web, API. Volt runs on Web, REST API.
What is Trustly best used for?
Trustly is most often used for an e-commerce merchant wanting a lower-cost alternative or complement to card payment acceptance, a gaming or gambling operator needing verified, instant payouts to players' bank accounts, a merchant wanting instant refunds processed directly to a customer's bank account rather than card reversal delays, a business in a market with strong open banking adoption wanting pay-by-bank as a checkout option. Of those, an e-commerce merchant wanting a lower-cost alternative or complement to card payment acceptance and a gaming or gambling operator needing verified, instant payouts to players' bank accounts are not what Volt is typically brought in for.
What can Trustly do that Volt cannot?
Trustly covers Pay by bank checkout, Instant refunds, Verified payouts, Multi-market bank connectivity. Volt covers Pay by bank, Circuit Breaker, Virtual IBANs, Payouts and refunds.

Answered from the vendors’ own pages

Trustly: Who owns Trustly?

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

Volt: Are there chargebacks?

No. Bank transfers are irrevocable, so disputes are handled commercially between merchant and customer, not through a card scheme.

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.

Volt: How do refunds work?

As a separate outbound payment initiated by the merchant, which Volt charges for separately from the inbound transaction.

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.

Volt: Which markets are covered?

Europe and the UK, plus Brazil and Australia, on a single API integration.

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