Explore the Best Brite Payments Alternatives for Businesses

Please note that the information about the payment providers in this article was sourced from their official website on 17 March 2025. This information is subject to change.

Brite Payments has established itself as a key player in open banking, offering instant, card-free transactions with low fees and seamless integration – making it a strong choice for businesses in Europe. But is it the best fit for your business?

While Brite excels in speed and efficiency, some businesses may need broader payment options, wider market coverage, or additional financial tools to meet their specific needs.

This guide explores Brite’s strengths, its limitations, and the top alternatives – helping you find the right provider for your business.

What is Brite Payments?

Brite Payments is a Swedish fintech company revolutionising online transactions with instant bank-to-bank payments. Using open banking technology, it enables seamless, secure, and real-time payments without the need for cards, apps, or lengthy registrations.

At checkout, customers authenticate through their bank, and the transaction is completed instantly. Businesses can integrate Instant Payments for seamless deposits, Instant Payouts for real-time withdrawals, and Brite Play, which combines payments with KYC verification for account registration.

Additional features like user authentication and bank account selection allow for secure, customised transaction flows. Designed for flexibility, Brite’s API-based integrations help businesses automate and streamline their financial processes.

Pros and Cons of Brite Payments

When selecting a payment solution, businesses need to consider both the benefits and potential limitations. Brite uses open banking to enable instant, secure transactions, but its functionality may not fit all use cases. 

Below, we break down its key advantages and challenges of Brite Payments:

Advantages

• Instant Transactions – It facilitates real-time account-to-account payments, ensuring immediate fund transfers and improved cash flow for businesses.
• Enhanced Security – By using open banking protocols, Brite ensures secure transactions, reducing the risk of fraud associated with traditional card payments.
• Comprehensive Data Solutions – Brite offers services like Know Your Customer (KYC) and account information retrieval, aiding businesses in compliance and customer verification processes.

Disadvantages

• Market Availability: Brite operates in 27 European markets, which may limit accessibility for businesses targeting customers outside these regions.
• Integration Effort: Implementing Brite's services necessitates API integration, potentially requiring dedicated development resources and time.
• Limited Payment Flexibility: Brite primarily focuses on instant bank payments and payouts, lacking alternative payment options such as payment links, QR code payments, or expanded multi-currency support.
• Customer Support Structure: Brite provides phone and online support, but some users may find the options limited for personalised assistance.

By carefully considering these factors, businesses can assess whether Brite aligns with their operational requirements and customer expectations.

Top Alternatives to Brite Payments

Brite’s open banking approach offers speed and security, but businesses with complex payment needs – especially those expanding beyond Europe or requiring multi-method payment processing – may find value in alternative providers.

Here’s a look at some of the best alternatives to Brite Payments and what makes them stand out.

Noda

Noda is a fast-growing open banking provider enabling direct A2A payments and real-time financial insights. Unlike many Europe-focused solutions, Noda supports businesses in 28 countries, including the UK, Canada, and Brazil – making it a strong choice for cross-border and multi-currency transactions.

Beyond payments, Noda integrates real-time banking data for fraud detection, income verification, and risk assessment, benefiting industries like e-commerce, gaming, travel, and SaaS.

• One-Click Global Payments – Fast, secure A2A transactions across multiple currencies.
• Easy Integration – APIs, e-commerce plugins, and No-code payment solutions for seamless setup.
• Personalised Support and Scalable Pricing – Dedicated account managers and flexible pricing tailored to business needs.
• Lost Cost and Transparent Pricing – Fees start as low as 0.1% and typically range up to 1% per transaction, with no monthly subscription fees or chargeback costs.

Noda is ideal for businesses needing fast, secure payments without card networks, especially in regulated industries or markets with varying banking infrastructures. With customisable integration and cost-efficient scalability, it helps businesses streamline operations and expand without high fees or delays.

Stripe

Stripe is a full-service payment provider that supports credit cards, digital wallets, open banking and BNPL, making it one of the most flexible platforms for online and in-person payments. With customisable APIs and no-code options, businesses can tailor their payment flows or accept payments without complex integrations.

Operating in 40+ countries, Stripe has a strong presence in North America and Europe, though its open banking Pay-by-Bank feature is currently limited to the UK and soon expanding to Germany. It supports over 100 payment methods and offers features like subscription billing, invoicing, tax automation and embedded finance, helping businesses manage payments and financial operations in one place.

Stripe is ideal for large-scale enterprises, tech-driven businesses, and global merchants needing a scalable, multi-method payment system. However, for those focused on instant A2A payments, alternatives like Noda or TrueLayer may be a better fit.

Ivy

Ivy is another open banking provider focused on instant A2A payments and recurring transactions, offering businesses an alternative to traditional direct debits and card-based subscriptions. With Variable Recurring Payments (VRPs), Ivy enables businesses to process automated payments securely through open banking APIs, eliminating the need for stored card details.

Well-suited for subscription-based businesses, fintechs, and e-commerce merchants, Ivy helps reduce transaction costs and chargebacks while integrating seamlessly with platforms like WooCommerce, Magento, and Shopify.

However, since VRP adoption varies by region, businesses should assess bank support and availability before implementation.

TrueLayer

TrueLayer is a London-based open banking provider focused on real-time payments, financial data aggregation, and identity verification. Operating in 21 European countries, it is particularly suited for fintechs, lenders, and financial services businesses that require both payment processing and data-driven insights.

Aside from enabling instant A2A payments, TrueLayer allows businesses to access real-time banking transaction data, making it a strong option for identity verification, risk assessment, and fraud prevention.

It also supports VRPs, offering an alternative to direct debits. However, its API-driven solutions require technical expertise, making it better suited for businesses with in-house development teams rather than those looking for a plug-and-play payment processor.

Mollie

Mollie is a well-established European payment processor known for its broad selection of payment methods and user-friendly integrations. Unlike open banking providers, it does not support A2A transactions, making it a better fit for businesses relying on traditional payment networks.

Designed for EU-based merchants, Mollie enables businesses to accept credit cards, BNPL, digital wallets, and local payment options like iDEAL. It integrates with 120+ e-commerce platforms, including WooCommerce, Shopify, and OpenCart, allowing quick deployment without extensive development work.

While subscription billing and PoS solutions make it a versatile payment provider, businesses looking for open banking-powered transactions may need alternatives like Noda, Ivy, or TrueLayer.
 

Which Payment Provider Aligns with Your Business Goals?

Brite Payments provides a strong open banking solution for businesses needing instant A2A payments without card networks. However, if you require broader payment options, wider market reach, or advanced features like subscription billing and financial insights, Brite payment alternatives like Stripe, Mollie, Ivy, TrueLayer, and Noda offer distinct advantages.

For businesses prioritising speed, efficiency, and cost-effective payments, Noda delivers instant A2A transactions, real-time insights, and seamless integration across multiple markets.

See how it works for your business. Book a demo today.