Top 6 Payment Initiation Platforms Built for UK Accounting Firms [2025]

For most accounting teams, managing payments is still more painful than it should be. Whether it’s issuing refunds, sending payroll, or handling client disbursements, traditional payment methods often mean delays, high fees, and time-consuming reconciliation.

This becomes even harder when you’re juggling multiple clients or dealing with tight month-end deadlines.

That’s where payment initiation platforms come in. Built on Open Banking, these tools let you move money directly from one bank account to another securely, quickly, and without relying on cards or third-party gateways. For accounting firms, this means faster payouts, better oversight, and easier integration with your existing finance stack.

In this guide, we’ve shortlisted 7 payment initiation platforms that are either built for accounting use or offer features accountants care about most: bulk transfers, client-side authorisation, FCA compliance, and real-time data sync.

Let’s dive in.

1. Finexer

Finexer is the go-to payment initiation platform for accounting firms that want to simplify client payments without relying on card networks or outdated gateways. Built on Open Banking and authorised by the FCA, Finexer allows firms to initiate account-to-account (A2A) payments securely and instantly — whether that’s for payroll, disbursements, or supplier settlements.

What sets Finexer apart is its accounting-first approach. It supports bulk payouts, offers real-time transaction tracking, and integrates cleanly with tools used across accounting workflows. For firms managing client money or offering payment services, Finexer delivers the flexibility of modern PISP infrastructure with a clear focus on affordability and ease of use.

Best For

• Accounting firms offering client payment services or handling disbursements
• Practices needing bulk payment initiation with Open Banking
• Teams looking for a reliable, FCA-authorised A2A solution built for UK use

Key Features

• Instant payment initiation using Open Banking (PISP)
• Supports bulk transfers via dashboard or API
• Full real-time account connection to 99% of UK banks
• White-label payment links and redirect flows
• Sandbox access for testing and development
• Consent-driven flows so that clients stay in control

Pros

• Purpose-built for UK accountants and platforms
• Cost-effective with usage-based pricing
• No setup fees, monthly minimums, or contract lock-in
• Built-in support for real-time reconciliation workflows

Cons

• UK-only coverage
• Newer in the Market

Integrations

• Xero (via data sync)
• QuickBooks
• Can be integrated with any accounting software via API

Pricing

Finexer offers startup-friendly pricing with no charges during the testing phase. Costs scale with usage, making it ideal for firms that need flexibility without committing to a fixed fee model.

Why It Made the List

Finexer is the most accounting-focused A2A payment initiation platform available in the UK. With real-time access to client bank accounts and bulk payment capabilities, it offers everything accounting firms need to automate disbursements, stay compliant, and reduce friction in the payment process — all while keeping costs predictable.

2. Crezco

Crezco is a UK-based payment initiation platform designed for small businesses, accountants, and online platforms that want to accept and send payments using account-to-account (A2A) technology. Built on Open Banking, it eliminates the need for card processing fees and manual reconciliation, making it a strong fit for accounting firms managing supplier payments, invoices, or client disbursements.

Crezco focuses on usability, offering both inbound and outbound payment flows. It integrates with Xero, QuickBooks, and accounting platforms to make everyday transactions easier for finance teams.

Best For

• Accountants managing client payments, reimbursements, or supplier transfers
• Firms looking for a PISP solution that works inside their accounting software
• Practices aiming to reduce card fees and speed up cash movement

Key Features

• Payment initiation via Open Banking (PISP-authorised)
• Supports inbound and outbound A2A payments
• Embedded payment links for invoicing and billing
• Seamless integration with Xero and QuickBooks
• Dashboard for tracking payment status in real time
• Fully FCA-regulated as a payment initiation service provider

Pros

• Simple, clean interface built for non-technical users
• Works inside popular accounting platforms
• Eliminates the need for client card details
• Fast payment confirmation and cash settlement

Cons

• Less suitable for firms requiring bulk payouts or white-label flows
• UK-focused — not designed for cross-border use

Integrations

• Xero
• QuickBooks
• Stripe (for optional hybrid payment setups)
• API access for custom use cases

Pricing

Crezco offers a free tier for receiving payments (inbound) and a usage-based model for outbound payments. Costs are based on the number of payments processed, making it scalable for small to medium-sized accounting firms. A full pricing breakdown is available on request.

Why It Made the List

Crezco earns its place on this list for its straightforward Open Banking payment flows, clean accounting integrations, and flexibility for both inbound and outbound payments. As a payment initiation platform that fits directly into an accountant’s day-to-day tools, it removes the friction from payment collection and disbursement, all without card fees or third-party PSPs.

3. Ordo

Ordo is a UK-based payment initiation platform built to help businesses, including accountants — send, receive, and manage payments more efficiently through Open Banking technology. It supports both one-off and recurring A2A (account-to-account) payments, with strong features around invoice sharing, client approval flows, and secure messaging.

What makes Ordo unique is its flexibility. It allows accountants to create smart payment requests that clients can authorise in just a few clicks. For firms that need to request and collect payments on behalf of clients — or help clients make authorised payments securely — Ordo provides a friction-free setup.

Best For

• Accounting firms that request or collect payments from clients
• Practices managing client-authorised A2A payouts or invoice settlement
• Teams looking for a user-friendly Open Banking solution

Key Features

• Real-time payment initiation using PISP infrastructure
• Customisable payment requests with embedded approval links
• Optional QR code payments (ideal for in-person client reviews)
• Secure invoice messaging and attachments
• FCA-authorised and compliant with PSD2
• Easy-to-use dashboard for payment status tracking

Pros

• Client-friendly flows — no apps, no logins
• Supports invoice payments and secure document sharing
• Great for smaller practices or sole practitioners
• Strong UX for both sender and recipient

Cons

• Less suited for high-volume bulk payouts
• Limited integration depth beyond core accounting tools

Integrations

• Sage
• QuickBooks
• Xero
• APIs for embedding into practice management systems

Pricing

Ordo uses a pay-as-you-go model with no monthly fees. Charges are based per payment request or transaction, making it a flexible choice for smaller firms or those just getting started with Open Banking for accountants. Volume pricing is available for firms with higher usage.

Why It Made the List

Ordo combines the ease of payment requests with the security of Open Banking payment initiation. It’s ideal for accountants who need to collect, initiate, or manage payments on behalf of clients, without dealing with card processors, PDFs, or manual approval chains. If you’re looking for a payment initiation platform that simplifies invoicing and speeds up A2A collection, Ordo is a solid pick.

4. Yaspa

Yaspa is a UK-first payment initiation platform built with a focus on regulated industries, including fintechs, lenders, and accounting firms. Its Open Banking-powered payment solution lets users initiate instant account-to-account (A2A) payments with strong client authorisation controls — ideal for practices that manage or support client-side transactions.

With a modern, developer-friendly setup and options for branded experiences, Yaspa works well for accountants offering tech-enabled services like client dashboards, payroll support, or payment portals.

Best For

• Firms supporting client-initiated payments or needing PISP access
• Accounting platforms or tech-forward practices with custom payment flows
• Practices focused on speed, control, and UK regulatory compliance

Key Features

• Instant Open Banking payment initiation via Yaspa’s PISP gateway
• Consent-based A2A payments across 99% of UK banks
• Full API for integrating payment flows into client portals or practice software
• Dashboard for managing payments and tracking status
• Customisable redirect and user flows for branded experience
• Supports secure one-off and recurring payments

Pros

• Strong on performance and real-time processing
• Offers both hosted and embedded payment options
• Designed to reduce friction for regulated sectors
• Built-in support for client consent and compliance

Cons

• More API-heavy — better for firms with dev support
• May be more than needed for firms without client-side payment services

Integrations

• Available via direct API
• Works with custom portals, dashboards, and fintech stacks
• Zapier-compatible for simplified no-code triggers

Pricing

Yaspa follows a custom pricing model based on usage, integration type, and monthly volume. It’s best suited for firms looking to embed Open Banking payments into their own workflows or services. A free demo and technical sandbox are available on request.

Why It Made the List

Yaspa is built for firms that want to embed payment initiation into the services they deliver, from payroll flows to digital disbursement portals. Its combination of Open Banking A2A payments, API flexibility, and strong consent flows make it a great fit for accounting teams managing payments at scale or offering technology-led solutions. As a payment initiation platform, it delivers both speed and control.

5. Modulr

Modulr is a well-established UK payment initiation platform designed to help businesses automate and scale their financial operations. For accounting firms and finance teams, Modulr offers reliable infrastructure for real-time bulk payments, payroll, and supplier disbursements — all through direct bank-to-bank transfers enabled by Open Banking and embedded payments.

As an FCA-regulated PISP and EMI, Modulr supports both inbound and outbound payment flows and provides access to its own sort code and account infrastructure — which can be a powerful option for larger firms or accounting platforms with growing client bases.

Best For

• Firms managing large volumes of payments (e.g. payroll, supplier chains)
• Accounting platforms and ERPs needing embedded payment APIs
• Practices looking for programmable A2A payouts and reconciliation

Key Features

• Open Banking-enabled payment initiation (PISP)
• Bulk payment file processing and automation
• Real-time notifications, account data sync, and webhooks
• Access to virtual accounts and sort codes for clients
• Full audit trails and reporting for compliance
• FCA-regulated as both a PISP and EMI in the UK

Pros

• Scales well for firms with complex payment flows
• High uptime and operational reliability
• Offers embedded payments and virtual account setup
• Backed by major industry partnerships (e.g. Sage, Intuit)

Cons

• More suited to mid-market or enterprise-level firms
• Requires developer support for full integration

Integrations

• Sage
• QuickBooks
• NetSuite
• API-first design for custom ERP or workflow integrations

Pricing

Modulr offers custom enterprise pricing based on volume and integration needs. While it’s positioned toward mid-to-large firms, startups and accounting platforms can access modular pricing by starting with core features and scaling as needed. Demo and onboarding support available.

Why It Made the List

Modulr stands out as a high-performance payment initiation platform for accounting teams needing scale, speed, and control. It’s particularly valuable for firms handling payroll, bulk payouts, or recurring payment files — with the infrastructure to support automated approvals, reconciliation, and compliance reporting at scale.

6.TrueLayer

TrueLayer is one of the leading payment initiation platforms in the UK and EU, providing Open Banking infrastructure used by some of the biggest fintech and accounting-adjacent platforms. For accounting firms — especially those with tech capabilities or white-labelled platforms — TrueLayer offers the tools to embed account-to-account (A2A) payments directly into client workflows or service portals.

With real-time payments, full PISP support, and industry-leading uptime, it’s a strong choice for firms that want complete control over their payment stack.

Best For

• Accounting platforms and SaaS tools embedding custom payment flows
• Larger firms building their own client dashboards or disbursement portals
• Teams requiring reliable A2A payments with advanced API access

Key Features

• Fully FCA-authorised Open Banking payment initiation (PISP)
• Real-time A2A payments via bank authentication
• Built-in fraud detection and secure redirect flows
• Developer-ready API with clear documentation
• Support for both single and recurring payments
• Strong uptime and API reliability (used by Revolut, Nutmeg, etc.)

Pros

• Trusted by major UK fintech and SaaS platforms
• Offers highly customisable payment experiences
• Excellent developer documentation and sandbox support
• Compliant with PSD2 and SCA requirements

Cons

• Requires integration resources (developer-led setup)
• Less “out of the box” compared to other tools in this list

Integrations

• Direct API (REST) for full backend or frontend workflows
• Webhooks and callback systems for real-time payment status
• Not plug-and-play with common accounting software — best for platforms

Pricing

TrueLayer uses a custom pricing model based on payment volume and integration scope. Firms can get started with developer sandbox access and move into production with scalable, contract-based pricing once the system is live.

Why It Made the List

While not built specifically for accountants, TrueLayer is one of the most reliable payment initiation platforms for firms or platforms that want to embed Open Banking payments into client-facing systems. With strong security, fast transfers, and proven infrastructure, it’s a great fit for high-volume, tech-forward practices building their own financial workflows.

Which Payment Initiation Platform Is Right for Your Accounting Firm?

Choosing the right payment initiation platform depends on how your firm handles payments, and how much control or automation you want over the process.

• If you’re looking for the most accountant-friendly option, with usage-based pricing, bulk payouts, and real-time Open Banking access, Finexer is a standout. It’s built around what accounting firms actually need and is affordable to scale from day one.
• For firms that want to collect and send payments inside accounting platforms like Xero or QuickBooks, Crezco and Ordo offer simple plug-in solutions with minimal technical setup.
• If you’re managing higher volumes or offering tech-enabled client services, tools like Yaspa and Modulr give you API-level access, consent flows, and embedded payment capabilities.
• For custom accounting platforms or firms with their own engineering support, TrueLayer delivers enterprise-grade Open Banking payment infrastructure with full control over user experience.

No matter which route you take, each platform in this guide helps accounting firms move away from card-based payments and towards faster, direct A2A workflows, with improved visibility, lower fees, and better client experiences.