eBay has partnered with Europe’s leading Pay by Bank network, TrueLayer, to bring instant, secure bank payments to millions of UK buyers.
The collaboration introduces a ‘Pay by Bank’ option at checkout, marking a significant step in the diversification of the e-commerce giant’s payments mix.
Streamlining the checkout experience
With the new integration, UK buyers can pay for their purchases directly from their bank accounts.
According to the announcement, the checkout experience offers several key benefits:
- Transactions are authorised through the user’s own banking app in seconds.
- The process is designed to be fast, secure, and frictionless, eliminating the need for physical cards or the manual entry of account details.
- Because the system uses bank-grade authentication technology, the buyer’s bank login information is never shared with or stored by eBay.
- TrueLayer securely connects the buyer’s bank to process the payment.
- All eligible purchases made via this method are automatically covered by eBay’s Money Back Guarantee for no additional fee.
Francesco Simoneschi, CEO and co-founder of TrueLayer, commented on the rollout:“Our partnership with eBay brings Pay by Bank into the everyday shopping journey of millions of UK customers. By integrating directly into eBay’s checkout, we’re enabling instant, bank-authenticated payments at scale that allows merchants to benefit from a faster and more streamlined payment experience. This is another step towards a real-time payments ecosystem that aligns with modern consumer expectations.”
Avritti Khandurie Mittal, vice president of product for eBay Services, added: “We’re constantly evolving eBay’s checkout experience to expand choice and make paying on our platform safer, faster and more seamless. Pay by Bank represents an important step in diversifying our payment mix with a secure, real-time way for buyers to pay directly from their bank accounts. Through our partnership with TrueLayer, we’re bringing this innovation to millions of UK customers while continuing to build a more modern, efficient payments experience.”
Strategic backing and scaling up
Alongside the commercial partnership, eBay Ventures has made a strategic investment in TrueLayer.
For the wider payments ecosystem, this development signals a shift for Pay by Bank—transitioning from an emerging payment method to one operating at genuine scale. This scaling is partly driven by geopolitical, regulatory, and commercial pressures that are building on traditional card networks.
For TrueLayer, the eBay deal follows a year of strong momentum across Europe as merchants increasingly prioritise fast, safe, and flexible payment options that align with evolving consumer preferences. The fintech platform has seen growing adoption among major e-commerce merchants, having announced an integration with Amazon just last week, in addition to existing partnerships with Just Eat and Ryanair.
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